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Sen. Iris Y. Martinez
Filed: 5/9/2012
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| 1 | | AMENDMENT TO HOUSE BILL 4096
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| 2 | | AMENDMENT NO. ______. Amend House Bill 4096, AS AMENDED, by |
| 3 | | replacing everything after the enacting clause with the |
| 4 | | following:
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| 5 | | "Section 5. The Illinois Insurance Code is amended by |
| 6 | | changing Section 424 as follows:
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| 7 | | (215 ILCS 5/424) (from Ch. 73, par. 1031)
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| 8 | | Sec. 424. Unfair methods of competition and unfair or |
| 9 | | deceptive acts or
practices defined. The following are hereby |
| 10 | | defined as unfair methods of
competition and unfair and |
| 11 | | deceptive acts or practices in the business of
insurance:
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| 12 | | (1) The commission by any person of any one or more of the |
| 13 | | acts
defined or prohibited by Sections 134, 143.24c, 147, 148, |
| 14 | | 149, 151, 155.22,
155.22a, 155.42,
236, 237, 364, and 469 of |
| 15 | | this Code.
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| 16 | | (2) Entering into any agreement to commit, or by any |
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| 1 | | concerted
action committing, any act of boycott, coercion or |
| 2 | | intimidation
resulting in or tending to result in unreasonable |
| 3 | | restraint of, or
monopoly in, the business of insurance.
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| 4 | | (3) Making or permitting, in the case of insurance of the |
| 5 | | types
enumerated in Classes 1, 2, and 3 of Section 4, any |
| 6 | | unfair discrimination
between individuals or risks of the same |
| 7 | | class or of essentially the same
hazard and expense element |
| 8 | | because of the race, color, religion, or national
origin of |
| 9 | | such insurance risks or applicants. The application of this |
| 10 | | Article
to the types of insurance enumerated in Class 1 of |
| 11 | | Section 4 shall in no way
limit, reduce, or impair the |
| 12 | | protections and remedies already provided for by
Sections 236 |
| 13 | | and 364 of this Code or any other provision of this Code.
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| 14 | | (4) Engaging in any of the acts or practices defined in or |
| 15 | | prohibited by
Sections 154.5 through 154.8 of this Code.
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| 16 | | (5) Making or charging any rate for insurance against |
| 17 | | losses arising
from the use or ownership of a motor vehicle |
| 18 | | which requires a higher
premium of any person by reason of his |
| 19 | | physical handicap, race, color,
religion, or national origin.
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| 20 | | (6) Advertising or otherwise promoting the sale or |
| 21 | | solicitation of a policy of automobile insurance that includes |
| 22 | | a statement that a valid driver's license is not required in |
| 23 | | order to obtain automobile insurance, followed by the denial of |
| 24 | | coverage based on the lack of a valid driver's license when a |
| 25 | | claim is made on such policy of automobile insurance. |
| 26 | | (Source: P.A. 97-527, eff. 8-23-11.)
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