93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
SB2240


 
Introduced 1/15/2004, by Emil Jones Jr.
 
SYNOPSIS AS INTRODUCED:
 		













215 ILCS 5/143.15
  from Ch. 73, par. 755.15







    Amends the Illinois Insurance Code.  Makes a technical change in a Section
concerning notices of cancellation.



















LRB093 15872 RCE 41489 b




















 


 


A BILL FOR









 














SB2240

LRB093 15872 RCE 41489 b









1
    AN ACT in relation to insurance. 

 
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    Be it enacted by the People of the State of Illinois, 
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represented in the General Assembly: 


 
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    Section 5. The Illinois Insurance Code is amended by 
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changing Section 143.15
as follows:


 
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    (215 ILCS 5/143.15)  (from Ch. 73, par. 755.15)

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    Sec. 143.15. Mailing of cancellation notice. 
A notice
All 
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notices
of
cancellation of insurance as
defined in subsections 
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(a), (b) and (c) of Section 143.13 must
be mailed at least 30 
10
days prior to the effective date of
cancellation to the named 
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insured and mortgagee or lien holder,
if known, at the last 
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mailing address known to the company.  All
notices of 
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cancellation shall include a specific explanation of
the reason 
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or reasons for cancellation.  However, where cancellation
is for 
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nonpayment of premium, the notice of
cancellation must  be 
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mailed at least 10 days before the effective date of the

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cancellation.


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(Source: P.A. 89-669, eff. 1-1-97.)