Illinois General Assembly - Bill Status for SB0520

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Bill Status of SB0520 95th General Assembly

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Short Description: INS CD-COMMISSIONS

Senate Sponsors
Sen. Mike Jacobs

Last Action

Date	Chamber	Action
1/13/2009	Senate	Session 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

Date	Chamber	Action
2/8/2007	Senate	Filed with Secretary by Sen. Mike Jacobs
2/8/2007	Senate	First Reading
2/8/2007	Senate	Referred to Rules
2/21/2007	Senate	Assigned to Insurance
3/8/2007	Senate	Postponed - Insurance
3/15/2007	Senate	Postponed - Insurance
3/16/2007	Senate	Rule 3-9(a) / Re-referred to Rules
1/13/2009	Senate	Session Sine Die

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