Bill Status of SB 2016   94th General Assembly

Short Description:  INS-PRODUCER DISCLOSURES

Senate Sponsors
Sen. Susan Garrett

Last Action  View All Actions

DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/500-147 new
815 ILCS 505/2Zfrom Ch. 121 1/2, par. 262Z
815 ILCS 505/10bfrom Ch. 121 1/2, par. 270b

Synopsis As Introduced
Amends the Illinois Insurance Code. Requires certain insurance producers to disclose to the customer any compensation the producer receives from an insurer or third party. Grants customers the right to request additional information. Makes a violation a violation of the Consumer Fraud and Deceptive Business Practices Act. Amends the Consumer Fraud and Deceptive Business Practices Act to include the violations and to delete a provision exempting certain acts of insurance producers, registered firms, and limited insurance representatives from the Act. Effective immediately.

Actions 
DateChamber Action
  2/25/2005SenateFiled with Secretary by Sen. Susan Garrett
  2/25/2005SenateFirst Reading
  2/25/2005SenateReferred to Rules
  3/2/2005SenateAssigned to Insurance
  3/9/2005SenatePostponed - Insurance
  3/17/2005SenateHeld in Insurance
  3/18/2005SenateRule 3-9(a) / Re-referred to Rules
  1/9/2007SenateSession Sine Die

Back To Top