Bill Status of SB 520   95th General Assembly

Short Description:  INS CD-COMMISSIONS

Senate Sponsors
Sen. Mike Jacobs

Last Action  View All Actions

DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/500-80

Synopsis As Introduced
Amends the Illinois Insurance Code. Provides that when an insurance producer or business entity charges any fee or compensation separate from commissions deductible from, or directly attributable to, premiums on insurance policies or contracts, it must provide written disclosure to the consumer or contracting party that clearly specifies the amount or extent of the compensation or fee prior to the delivery of the corresponding policy or the performance of the service (now, only the delivery of the corresponding policy). Makes a technical change. Effective immediately.

Actions 
DateChamber Action
  2/8/2007SenateFiled with Secretary by Sen. Mike Jacobs
  2/8/2007SenateFirst Reading
  2/8/2007SenateReferred to Rules
  2/21/2007SenateAssigned to Insurance
  3/8/2007SenatePostponed - Insurance
  3/15/2007SenatePostponed - Insurance
  3/16/2007SenateRule 3-9(a) / Re-referred to Rules
  1/13/2009SenateSession Sine Die

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