94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB3846


 
Introduced 02/25/05, by Rep. Wyvetter H. Younge
 
SYNOPSIS AS INTRODUCED:
 		













215 ILCS 5/155.42 new










    Amends the Illinois Insurance Code. Requires insurers to provide certain information to insureds or third-party claimants when paying or settling a claim, including how the money paid out is divided among categories of damages, what services the insurance company has paid for directly, and what services the insured or third-party claimant is responsible for paying out of payment by the insurer. Effective immediately.
















LRB094 06355 LJB 36431 b

















 


 


A BILL FOR









 











HB3846

LRB094 06355 LJB 36431 b






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    AN ACT concerning 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 adding 
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Section 155.42 as follows:
 
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    (215 ILCS 5/155.42  new)
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    Sec. 155.42. Allocation of claims and settlements; 
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information provided to insureds or third-party claimants. All 
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insurers authorized to business  in this State shall provide the 
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following information in writing to an insured or third-party 
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claimant when paying or settling a claim made under a policy or 
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policies of insurance:
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        (1) The categories of damages that the payment is 
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    intended to cover, including, but not limited to,  medical 
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    costs, repair or replacement of property, economic 
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    damages, and non-economic damages.
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        (2) The amount allocated to each category.
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        (3) Any amount paid by the insurer to other persons for 
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    services provided to the insured or third-party claimant as 
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    a result of the incident giving rise to the claim that is 
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    not included in the payment to the insured or third-party 
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    claimant.
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        (4) Any amount claimed by the insured or third-party 
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    claimant for services provided as a result of the incident 
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    giving rise to the claim that the insured or third-party 
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    claimant is still liable for paying out of the amount 
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    received by the insured or third-party claimant from the 
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    insurer.
 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.