State of Illinois
2017 and 2018


Introduced 2/9/2017, by Sen. Jacqueline Y. Collins


215 ILCS 157/15

    Amends the Use of Credit Information in Personal Insurance Act. Makes a technical change in a Section concerning definitions.

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SB1706LRB100 11335 SMS 21712 b

1    AN ACT concerning regulation.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Use of Credit Information in Personal
5Insurance Act is amended by changing Section 15 as follows:
6    (215 ILCS 157/15)
7    Sec. 15. Definitions. For the the purposes of this Act,
8these defined words have the following meanings:
9    "Adverse action" means a denial or cancellation of, an
10increase in any charge for, or a reduction or other adverse or
11unfavorable change in the terms of coverage or amount of, any
12insurance, existing or applied for, in connection with the
13underwriting of personal insurance.
14    "Affiliate" means any company that controls, is controlled
15by, or is under common control with another company.
16    "Applicant" means an individual who has applied to be
17covered by a personal insurance policy with an insurer.
18    "Consumer" means an insured or an applicant for a personal
19insurance policy whose credit information is used or whose
20insurance score is calculated in the underwriting or rating of
21a personal insurance policy.
22    "Consumer reporting agency" means any person that, for
23monetary fees or dues or on a cooperative nonprofit basis,



SB1706- 2 -LRB100 11335 SMS 21712 b

1regularly engages in whole or in part in the practice of
2assembling or evaluating consumer credit information or other
3information on consumers for the purpose of furnishing consumer
4reports to third parties.
5    "Credit information" means any credit-related information
6derived from a credit report, found on a credit report itself,
7or provided on an application for personal insurance.
8Information that is not credit-related shall not be considered
9"credit information," regardless of whether it is contained in
10a credit report or in an application or is used to calculate an
11insurance score.
12    "Credit report" means any written, oral, or other
13communication of information by a consumer reporting agency
14bearing on a consumer's credit worthiness, credit standing, or
15credit capacity, that is used or expected to be used or
16collected in whole or in part for the purpose of serving as a
17factor to determine personal insurance premiums, eligibility
18for coverage, or tier placement.
19    "Department" means the Department of Insurance.
20    "Insurance score" means a number or rating that is derived
21from an algorithm, computer application, model, or other
22process that is based in whole or in part on credit information
23for the purposes of predicting the future insurance loss
24exposure of an individual applicant or insured.
25(Source: P.A. 93-114, eff. 10-1-03.)