093_SB1775
LRB093 03720 JLS 03750 b
1 AN ACT concerning insurance.
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 adding Section 368b as follows:
6 (215 ILCS 5/368b new)
7 Sec. 368b. Prohibition of waiver of requirements and
8 prohibitions. No contract or administrative policy, either
9 formal or informal, shall contain any provision, term,
10 condition, or procedure that limits, restricts, or otherwise
11 waives any of the requirements and prohibitions set forth in
12 this Article. Any provision purporting to make such a waiver
13 is void and unenforceable.
14 Section 99. Effective date. This Act takes effect
15 December 1, 2003.