|
|
|
|
96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB1727
Introduced 2/18/2009, by Rep. Michael J. Madigan - Barbara Flynn Currie - Monique D. Davis 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.
|
| |
|
|
|
|
A BILL FOR
|
|
|
|
|
HB1727 |
|
LRB096 05361 RPM 15427 b |
|
|
| 1 |
| AN ACT concerning regulation.
|
| 2 |
| Be it enacted by the People of the State of Illinois, |
| 3 |
| represented in the General Assembly:
|
| 4 |
| Section 5. The Illinois Insurance Code is amended by |
| 5 |
| changing Section 143.15 as follows:
|
| 6 |
| (215 ILCS 5/143.15) (from Ch. 73, par. 755.15)
|
| 7 |
| Sec. 143.15. Mailing of cancellation notice. All notices of
|
| 8 |
| cancellation of insurance as
defined in subsections (a), (b) |
| 9 |
| and
and (c) of Section 143.13 must
be mailed at least 30 days |
| 10 |
| prior to the effective date of
cancellation to the named |
| 11 |
| insured and mortgagee or lien holder,
if known, at the last |
| 12 |
| mailing address known to the company. All
notices of |
| 13 |
| cancellation shall include a specific explanation of
the reason |
| 14 |
| or reasons for cancellation. However, where cancellation
is for |
| 15 |
| nonpayment of premium, the notice of
cancellation must be |
| 16 |
| mailed at least 10 days before the effective date of the
|
| 17 |
| cancellation. For purposes of this Section, the mortgagee or |
| 18 |
| lien holder, if known, may opt to accept notification |
| 19 |
| electronically.
|
| 20 |
| (Source: P.A. 93-713, eff. 1-1-05.)
|