Illinois General Assembly - Full Text of SB2112
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Full Text of SB2112  102nd General Assembly


Sen. Napoleon Harris, III

Filed: 4/16/2021





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2    AMENDMENT NO. ______. Amend Senate Bill 2112 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The Illinois Insurance Code is amended by
5adding Section 235.1 as follows:
6    (215 ILCS 5/235.1 new)
7    Sec. 235.1. Notice of cancellation; secondary addressee.
8    (a) A life company issuing an individual life insurance
9contract on or after January 1, 2022 shall notify an
10applicant, in writing on a form prescribed by the company at
11the time of application for the policy, of the applicant's
12right to designate a secondary addressee to receive notice of
13cancellation of the policy based on nonpayment of premium. The
14applicant may make such designation at the time of application
15for such policy or at any time such policy is in force by
16submitting a written notice to the insurer containing the name



10200SB2112sam001- 2 -LRB102 11322 BMS 25106 a

1and address of the secondary addressee.
2    (b) The insurer's transmission to a secondary addressee of
3a copy of a notice of cancellation based on nonpayment of
4premium shall be in addition to the transmission of the
5original document to the policyholder. The copy of the notice
6of cancellation transmitted to the secondary addressee shall
7be made in the same manner and form required for the
8transmission of the notice to the policyholder.
9    (c) The designation of a secondary addressee shall not
10constitute acceptance of any liability on the part of the
11secondary addressee or insurer for services provided to the
13    (d) This Section does not apply to any individual life
14insurance contract under which premiums are payable monthly or
15more frequently and are regularly collected by a licensed
16agent or are paid by credit card or any preauthorized check
17processing or automatic debit service of a financial
19    (e) Nothing in this Section shall prohibit an applicant or
20policyholder from designating a life insurance agent of record
21as his or her secondary addressee.
22    Section 99. Effective date. This Act takes effect January
231, 2022.".