Full Text of SB2105 96th General Assembly
SB2105 96TH GENERAL ASSEMBLY
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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010 SB2105
Introduced 2/20/2009, by Sen. Mattie Hunter SYNOPSIS AS INTRODUCED: |
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215 ILCS 157/10 |
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215 ILCS 157/15 |
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215 ILCS 157/20 |
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215 ILCS 157/22 |
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215 ILCS 157/25 |
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215 ILCS 157/30 |
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215 ILCS 157/40 |
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215 ILCS 157/45 |
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Amends the Use of Credit Information in Personal Insurance Act. In the provision concerning scope, includes non-commercial farm owners insurance policies and personal umbrella policies in the definition of "personal insurance". Makes changes in the provision concerning definitions. Makes changes in the provision concerning the use of credit information. Sets forth the methods that an insurer may use in its credit-related underwriting and rating of consumers. Sets forth disclosure requirements. Adds military deployment of a consumer to the definition of "extraordinary life event". Provides that an insurer must file language in its underwriting guidelines acknowledging the requirement to review
and consider extraordinary life events. Provides that an insurer shall re-underwrite the
consumer
within 30 days if it is determined
through any dispute resolution process (instead of the dispute resolution process set forth in the federal Fair Credit Reporting Act) that the credit information of a consumer was incorrect. Provides that scoring models filed by third parties are considered as filed
by insurers and subject to the requirements of the Act. Provides that all rate,
rating rule, underwriting guideline, and scoring model filings relating to credit information will be deemed to be public information and not considered to be a trade
secret
under the
Illinois Trade Secrets Act. Makes other changes. Effective immediately.
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A BILL FOR
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SB2105 |
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| AN ACT concerning insurance.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Use of Credit Information in Personal | 5 |
| Insurance Act is amended by changing Sections 10, 15, 20, 22, | 6 |
| 25, 30, 40, and 45 as follows:
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| (215 ILCS 157/10)
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| Sec. 10. Scope. This Act applies to personal insurance and | 9 |
| not to
commercial
insurance. For purposes of this Act, | 10 |
| "personal insurance" means private
passenger
automobile, | 11 |
| homeowners, motorcycle, mobile-homeowners and non-commercial
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| dwelling fire insurance policies, non-commercial
farm owners | 13 |
| insurance policies, and boat, personal watercraft, snowmobile,
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| and
recreational vehicle , and personal umbrella polices. Such | 15 |
| policies must be individually underwritten
for
personal, | 16 |
| family, or household use. No other type of insurance shall be
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| included as
personal insurance for the purpose of this Act.
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| (Source: P.A. 93-114, eff. 10-1-03.)
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| (215 ILCS 157/15)
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| Sec. 15. Definitions. For the purposes of this Act, these | 21 |
| defined words
have the
following meanings:
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| "Adverse action" means a denial , or cancellation , or |
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| nonrenewal of, an increase in any charge
for, or
a reduction or | 2 |
| other adverse or unfavorable change in the terms of coverage or
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| amount of, any insurance, existing or applied for, in | 4 |
| connection with the
underwriting of personal insurance.
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| "Affiliate" means any company that controls, is controlled | 6 |
| by, or is under
common
control with another company.
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| "Affiliated group of insurers" means any group of insurers | 8 |
| under common
control that, whether by means of underwriting or | 9 |
| rating, is used to place
an applicant or insured in a specific | 10 |
| company within the affiliated group. | 11 |
| "Applicant" means an individual who has applied for the | 12 |
| first time to be covered by a personal
insurance policy with an | 13 |
| insurer.
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| "Consumer" means an insured or an applicant for a personal | 15 |
| insurance policy
whose
credit information is used or whose | 16 |
| insurance score is calculated in the
underwriting or rating of | 17 |
| a personal insurance policy.
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| "Consumer reporting agency" means any person that, for | 19 |
| monetary fees or dues
or on a
cooperative nonprofit basis, | 20 |
| regularly engages in whole or in part in the
practice
of | 21 |
| assembling or evaluating consumer credit information or other | 22 |
| information on
consumers for the purpose of furnishing consumer | 23 |
| reports or credit or insurance scores to third parties.
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| "Credit information" means any credit-related information | 25 |
| derived from a
credit
report, found on a credit report itself, | 26 |
| or provided on an application for
personal
insurance. |
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| Information that is not credit-related shall not be considered
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| "credit
information," regardless of whether it is contained in | 3 |
| a credit report or in an
application or is used to calculate an | 4 |
| insurance score.
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| "Credit report" means any written, oral, or other | 6 |
| communication of
information by a
consumer reporting agency | 7 |
| bearing on a consumer's credit worthiness, credit
standing, or | 8 |
| credit capacity, that is used or expected to be used or | 9 |
| collected
in
whole or in part for the purpose of serving as a | 10 |
| factor to determine personal
insurance premiums, eligibility | 11 |
| for coverage, or tier placement.
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| "Director" means the Director of the Division of Insurance | 13 |
| within the
Department of Financial and Professional | 14 |
| Regulation. | 15 |
| " Division Department " means the Division Department of | 16 |
| Insurance within the
Department of Financial and Professional | 17 |
| Regulation .
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| "Domestic partner" means an individual in a domestic | 19 |
| partnership or
civil union as recognized by a state or local | 20 |
| law or ordinance. | 21 |
| "Insurance score" means a number or rating that is derived | 22 |
| from an algorithm,
computer
application, model, or other | 23 |
| process that is based in whole or in part on
credit
information | 24 |
| for the purposes of predicting the future insurance loss | 25 |
| exposure
of an
individual applicant or insured.
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| "Insurer" means any person, firm, corporation, |
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| association, or aggregation
of persons, including affiliated | 2 |
| groups of insurers, doing or proposing to
do an insurance | 3 |
| business and subject to the insurance supervisory
authority of, | 4 |
| or to liquidation, rehabilitation, reorganization or
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| conservation by, the commissioner of insurance or equivalent | 6 |
| insurance
supervisory official of a state. | 7 |
| (Source: P.A. 93-114, eff. 10-1-03.)
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| (215 ILCS 157/20)
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| Sec. 20. Use of credit information. An insurer authorized | 10 |
| to do business
in this State that uses credit information to | 11 |
| underwrite or rate risks shall
not:
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| (1) Use credit information or an insurance score that | 13 |
| is based on or calculated using income, gender,
address, | 14 |
| ethnic group, religion, marital status, or nationality of | 15 |
| the consumer
as a factor.
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| (2) Deny, cancel, or nonrenew a policy of personal | 17 |
| insurance solely on
the basis of credit information, | 18 |
| without consideration of any other adverse risk-related | 19 |
| applicable
underwriting factor independent of credit | 20 |
| information and not expressly
prohibited by item (1). An | 21 |
| insurer shall not be considered to have denied,
cancelled, | 22 |
| or nonrenewed a policy if coverage is available through an
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| affiliate.
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| (3) Base an insured's renewal rates for personal | 25 |
| insurance solely upon
credit information, without |
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| consideration of any other applicable factor
independent | 2 |
| of credit information. An insurer shall not be considered | 3 |
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have based rates solely on credit information if | 4 |
| coverage is available in a
different tier of the same | 5 |
| insurer.
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| (4) Take an adverse action against a consumer solely | 7 |
| because he or she
does not have a credit card account , | 8 |
| without consideration of any other
applicable factor | 9 |
| independent of credit information .
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| (5) Use credit information or an insurance score in | 11 |
| such a way that the
difference between the total premium of | 12 |
| 2 identical risks, one
rated using credit and the other one | 13 |
| rated without the use of credit,
is greater than 10%. | 14 |
| Insurers may not attempt to circumvent this
provision by | 15 |
| separating multi-car policies into separate policies if
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| the insurer has historically written multiple vehicles on | 17 |
| one policy,
by separating combination policies into | 18 |
| separate policies, or
similar activities that otherwise | 19 |
| circumvent this provision. | 20 |
| (6) Consider an absence of credit information or an | 21 |
| inability to calculate
an insurance score in underwriting | 22 |
| or rating personal insurance, unless the
insurer treats the
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| consumer neutrally or better with respect to credit | 24 |
| information.
For purposes of this Section, a consumer shall | 25 |
| be deemed to be treated
neutrally by the insurer if and | 26 |
| only if the insurer underwrites and
rates the consumer |
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| using the median between the insurer's
treatment of | 2 |
| consumers with the worst credit and consumers with
the best | 3 |
| credit. Insurers must file for approval by the Director
any | 4 |
| rates and underwriting, rate, and rule guidelines that
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| implement such neutral treatment. does one of the | 6 |
| following:
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| (A) Treats the consumer as otherwise filed with the
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| Department, if the insurer presents information that | 9 |
| such
an absence or inability relates to the risk for | 10 |
| the insurer and submits a
filing certification form | 11 |
| signed by an officer for the insurer certifying that
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| such treatment is actuarially justified.
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| (B) Treats the consumer as if the applicant or | 14 |
| insured had neutral
credit information, as defined by | 15 |
| the insurer.
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| (C) Excludes the use of credit information as a | 17 |
| factor and uses only
other underwriting criteria.
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| ( 7 6 ) Take an adverse action against a consumer based on | 19 |
| credit
information, unless and until an insurer obtains and | 20 |
| uses a credit report issued or an
insurance score | 21 |
| calculated within 90 days from the date the policy is first
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| written or renewal is issued , and
completes all of the | 23 |
| following requirements: .
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| (A) notifies the consumer, in writing, that the | 25 |
| insurer has
obtained the consumer's credit | 26 |
| information; |
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| (B) informs the consumer, in writing, what | 2 |
| information from
the consumer's credit information | 3 |
| would trigger a
potentially adverse action; | 4 |
| (C) offers the consumer an opportunity to respond | 5 |
| within 30
days to the potentially adverse credit | 6 |
| information; and | 7 |
| (D) considers the consumer's response prior to | 8 |
| taking an
adverse action; if the insurer decides to | 9 |
| take an adverse
action, the insurer must communicate | 10 |
| that fact and its
rationale for doing so in writing.
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| ( 8 7 ) Do any of the following: | 12 |
| (A) Use credit information or an insurance score | 13 |
| unless not later than every 12 36 months
following the | 14 |
| last time that the insurer obtained current credit | 15 |
| information or a current
insurance score
for the | 16 |
| insured, the insurer re-underwrites
and re-rates the | 17 |
| policy based upon current
credit information and a | 18 |
| current insurance score. An
insurer need not | 19 |
| re-underwrite and re-rate the policy based
on current | 20 |
| credit information and a current insurance score
more | 21 |
| frequently than once in a 12-month period. After | 22 |
| re-underwriting
and re-rating: recalculates the | 23 |
| insurance score or obtains an
updated credit report. | 24 |
| Regardless of the other requirements of this Section :
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| (1) An insurer may not use an insured's current | 26 |
| credit
information or current insurance score |
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| obtained
pursuant to this Section if the use of the | 2 |
| current
information or score would be to the | 3 |
| detriment of
the insured. | 4 |
| (2) If the insured's current credit | 5 |
| information or
current insurance score would | 6 |
| result in any more
favorable treatment to the | 7 |
| insured's benefit, the
insurer must adjust the | 8 |
| insured's treatment to the insured's benefit | 9 |
| unless the insured is already
receiving the | 10 |
| insurer's most favorable treatment
related to | 11 |
| credit information or insurance score,
including, | 12 |
| but not limited to, the best rate, best tier,
or | 13 |
| most favorable company or tier within an
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| affiliated group of insurers. In making any such
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| adjustment, the insurer must give the insured the
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| full adjustment warranted by the current credit
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| information or current insurance score and may not
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| limit or cap the impact of the current information | 19 |
| or
score, or spread the impact over multiple policy
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| periods.
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| (A) At annual renewal, upon the request of a | 22 |
| consumer or the consumer's
agent, the insurer shall | 23 |
| re-underwrite and re-rate the policy based upon a
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| current credit report or insurance score. An insurer | 25 |
| need not recalculate the
insurance score or obtain the | 26 |
| updated credit report of a consumer more
frequently |
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| than once in a 12-month period.
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| (B) The insurer shall have the discretion to obtain | 3 |
| current credit
information upon any renewal before the | 4 |
| expiration of 36 months, if
consistent with its | 5 |
| underwriting guidelines.
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| ( B C ) An insurer is not required to obtain current | 7 |
| credit information or a current insurance score for
an | 8 |
| insured, despite the requirements of subitem (A) of | 9 |
| item ( 8 7 ) of this Section
if one of the following | 10 |
| applies:
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| (a) The insurer is treating the consumer as | 12 |
| otherwise filed with
the Department.
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| ( 1 b ) The insured is already receiving the | 14 |
| insurer's most
favorable treatment related to | 15 |
| credit information,
including but not limited to | 16 |
| the best rate, best tier,
or most favorable company | 17 |
| or tier in the most favorably-priced tier of the | 18 |
| insurer,
within a group of affiliated insurers. | 19 |
| However, the insurer shall have the
discretion to | 20 |
| order current credit information and a current | 21 |
| insurance score , if consistent with its filed | 22 |
| rates, rating rules, and filed underwriting
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| guidelines related to use of credit information, | 24 |
| and
the insurer complies with provisions in | 25 |
| subitem
(A) of item (8) of this Section in any use | 26 |
| of the
current credit information and insurance |
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| score .
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| ( 2 c ) Credit information was not used for | 3 |
| underwriting or rating the insured when
the policy | 4 |
| was initially written. However, the insurer shall | 5 |
| have the
discretion to use credit information for | 6 |
| underwriting or rating the insured upon renewal,
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| if consistent with its rates and its underwriting , | 8 |
| rate, and rule guidelines , and if the insurer | 9 |
| complies with this Act,
including subitem (A) of | 10 |
| item (8) of this Section .
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| ( 3 d ) The insurer ceases to use credit
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| information or insurance scores for underwriting
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| and rating all insureds and files for approval by | 14 |
| the
Director an acceptable plan, methodology, or
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| process, including, but not limited to, revised
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| underwriting guidelines, rates, and rating rules, | 17 |
| for
removing use of credit information or | 18 |
| insurance
scores for underwriting and rating | 19 |
| purposes. No
plan, methodology, process, | 20 |
| underwriting
guidelines, rates, or rating rules | 21 |
| shall in any way be
calculated using or based on | 22 |
| credit information or
insurance scores, including, | 23 |
| but not limited to,
charging consumers different | 24 |
| rates based on their
prior credit information or | 25 |
| insurance scores, placing
consumers into tiers or | 26 |
| affiliated insurers based on
prior credit |
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| information or insurance scores, or
providing | 2 |
| discounts or surcharges based on credit
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| information or insurance scores re-evaluates the | 4 |
| insured beginning no later than 36
months after | 5 |
| inception and thereafter based upon other | 6 |
| underwriting or rating
factors, excluding credit | 7 |
| information .
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| ( 9 8 ) Use the following as a negative factor in any | 9 |
| insurance scoring
methodology or in reviewing credit | 10 |
| information for the purpose of underwriting
or rating a | 11 |
| policy of personal insurance:
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| (A) Credit inquiries not initiated by the consumer | 13 |
| or inquiries
requested by the consumer for his or her | 14 |
| own credit information.
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| (B) Inquiries relating to insurance coverage, if | 16 |
| so identified on a
consumer's credit report or if | 17 |
| properly identified by the
consumer as such .
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| (C) Collection accounts with a medical industry | 19 |
| code, if so identified
on the consumer's credit report | 20 |
| or if properly identified by the
consumer as such .
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| (D) Multiple lender inquiries, if coded by the | 22 |
| consumer reporting agency
on the consumer's credit | 23 |
| report as being from the home mortgage industry and
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| made within 30 days of one another, unless only one | 25 |
| inquiry is considered , or if properly identified by the
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| consumer as such .
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| (E) Multiple lender inquiries, if coded by the | 2 |
| consumer reporting agency
on the consumer's credit | 3 |
| report as being from the automobile lending industry
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| and made within 30 days of one another, unless only one | 5 |
| inquiry is considered , or if properly identified by the
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| consumer as such .
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| (F) Home mortgage foreclosures. | 8 |
| (G) Lack of a home mortgage if the reason for the | 9 |
| lack of
mortgage is that the consumer has paid off a | 10 |
| home
mortgage in full. | 11 |
| (H) Lack of an automobile loan if the reason for | 12 |
| the lack of an
automobile loan is that the consumer has | 13 |
| paid off an
automobile loan in full. | 14 |
| (I) Existence of a student loan used to pay | 15 |
| expenses associated
with post-secondary education. | 16 |
| (J) Any credit information that the consumer is | 17 |
| disputing or
has disputed, or any credit information | 18 |
| for a dispute that is
under review by the credit | 19 |
| reporting agency or creditor. | 20 |
| (K) Information related to the financing of a | 21 |
| primary residence
if the consumer occupies the | 22 |
| premises and is not in default
on the financing | 23 |
| agreement. | 24 |
| (10) Use credit information or an insurance score to | 25 |
| determine the
coverage or coverages, or policy or coverage | 26 |
| limits available to the
consumer, or to limit or restrict |
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| the payment plans available to the
consumer. | 2 |
| (11) Consider for underwriting or rating purposes the | 3 |
| credit information
of any of the following in addition to | 4 |
| the credit information of the
named insured; if any of the | 5 |
| following are listed as or considered
to be named insureds | 6 |
| under the policy, and the insurer considers
the credit | 7 |
| information of all named insureds under the policy, the
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| insurer shall consider only the credit information of the | 9 |
| named insured whose credit information results in the most | 10 |
| favorable
underwriting treatment of the consumer: | 11 |
| (A) An individual who is not the named insured | 12 |
| under the policy. | 13 |
| (B) The spouse or other family member of the named | 14 |
| insured. | 15 |
| (C) A domestic partner who resides in the same | 16 |
| household of the
named insured. | 17 |
| (12) Use different credit or insurance scoring methods | 18 |
| or models to
underwrite or rate the same named insured | 19 |
| under various personal
lines insurance policies with the | 20 |
| insurer, unless the insurer
underwrites or rates the named | 21 |
| insured using only the most
favorable credit. | 22 |
| (13) Include non-credit factors within a scoring model | 23 |
| if such factors
or similar factors are already being | 24 |
| considered for purposes of
underwriting or rating the | 25 |
| consumer. | 26 |
| (Source: P.A. 93-114, eff. 10-1-03; 93-477, eff. 10-1-03.)
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| (215 ILCS 157/22) | 2 |
| Sec. 22. Extraordinary life events. | 3 |
| (a) An insurer authorized to do business in this State that | 4 |
| uses credit information or
an insurance score to underwrite or | 5 |
| rate risks shall review and consider an exception to its | 6 |
| credit-related underwriting and rating treatment of a
consumer | 7 |
| the risk score based upon extraordinary life events after | 8 |
| receiving a written and signed notification from the consumer | 9 |
| applicant or insured explaining how the consumer applicant or | 10 |
| insured believes the extraordinary life event adversely | 11 |
| impacts the consumer's credit information or applicant's or | 12 |
| insured's insurance risk score. | 13 |
| (b) For the purposes of this Section, "extraordinary life | 14 |
| event" includes, but is
not limited to, means the following: | 15 |
| (1) a catastrophic illness or injury to a consumer an | 16 |
| applicant or insured or an immediate family member of a | 17 |
| consumer an applicant or insured ; | 18 |
| (2) the death of a spouse, child, or parent of a | 19 |
| consumer an applicant or insured ; | 20 |
| (3) involuntary loss of employment for a period of 3 | 21 |
| months or more by a consumer an applicant or insured ; | 22 |
| (4) identity theft of a consumer an applicant or | 23 |
| insured ; or | 24 |
| (5) dissolution of marriage of a consumer; or an | 25 |
| applicant or insured.
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| (6) military deployment of a consumer. | 2 |
| (c) An insurer must file language in its underwriting | 3 |
| guidelines and in its rate and
rule manual acknowledging the | 4 |
| requirement to review and consider extraordinary
life events. | 5 |
| An insurer's case-by-case consideration and resulting | 6 |
| treatment of
consumers with extraordinary life events is an | 7 |
| individual risk rating situation.
Pursuant to 50 IL Adm. Code | 8 |
| 754.10(b), an insurer must maintain documentary
information | 9 |
| regarding any such individual risk rates for review by the | 10 |
| Division's
Property and Casualty Evaluation Section. Such | 11 |
| individual risk rates do not
require filing under 50 IL Adm. | 12 |
| Code 754. | 13 |
| (Source: P.A. 94-245, eff. 7-1-06 .)
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| (215 ILCS 157/25)
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| Sec. 25. Dispute resolution and error correction. If it is | 16 |
| determined
through any the
dispute resolution process , | 17 |
| including, but not
limited to, the process set forth in the | 18 |
| federal Fair Credit Reporting Act,
15 U.S.C.
1681i(a)(5), that | 19 |
| the credit information of a consumer current insured was | 20 |
| incorrect or
incomplete
and if the insurer receives notice of | 21 |
| that determination from either the
consumer reporting
agency or | 22 |
| from the consumer insured , the insurer shall re-underwrite and | 23 |
| re-rate the
consumer
within 30 days after receiving the notice. | 24 |
| After re-underwriting and or re-rating
the consumer
insured , | 25 |
| the
insurer shall make any adjustments necessary to ensure that |
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| the incorrect or incomplete credit information
no longer | 2 |
| adversely affects the consumer , consistent with its | 3 |
| underwriting
and rating
guidelines . If the consumer an insurer | 4 |
| determines that the insured has overpaid premium, the
insurer
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| shall refund to the insured the amount of overpayment | 6 |
| calculated back to the
shorter of
either the last 12 months of | 7 |
| coverage or the actual policy period.
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| (Source: P.A. 93-114, eff. 10-1-03.)
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| (215 ILCS 157/30)
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| Sec. 30. Initial notification.
| 11 |
| (a) If an insurer writing personal insurance uses credit | 12 |
| information in
underwriting or rating a consumer, the insurer | 13 |
| or its agent shall disclose,
either on the
insurance | 14 |
| application or at the time the insurance application is taken, | 15 |
| that
it may obtain
credit information in connection with the | 16 |
| application. The disclosure shall be
either
written or provided | 17 |
| to an applicant in the same medium as the application for
| 18 |
| insurance.
The insurer need not provide the disclosure | 19 |
| statement required under this
Section to any
insured on a | 20 |
| renewal policy, if the consumer has previously been provided a
| 21 |
| disclosure
statement.
| 22 |
| (b) Use of the following example disclosure statement | 23 |
| constitutes compliance
with this Section: "In connection with | 24 |
| this application for insurance, we may
review
your credit | 25 |
| report or obtain or use a credit-based insurance score based on |
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| the
information
contained in that credit report. We may use a | 2 |
| third party in connection with
the
development of your | 3 |
| insurance score. Negative information
obtained from your | 4 |
| credit report or credit information may cause you to be
denied, | 5 |
| rejected, canceled, or nonrenewed for insurance coverage, or | 6 |
| cause you to
pay higher insurance premiums. Accordingly, you | 7 |
| should be aware of the contents of your credit report so that | 8 |
| you can review it periodically. Federal law
gives you the right | 9 |
| to dispute inaccurate or incomplete information on your credit
| 10 |
| report. ".
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| (Source: P.A. 93-114, eff. 10-1-03.)
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| (215 ILCS 157/40)
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| Sec. 40. Filing.
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| (a) Insurers that use credit information or insurance | 15 |
| scores to underwrite or and rate consumers risks must
file | 16 |
| their rates, rating rules, credit-related underwriting
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| guidelines, and credit or insurance
scoring models (or other | 18 |
| scoring processes) with the Division Department . A
third
party | 19 |
| may file scoring models on behalf of insurers. However, for | 20 |
| purposes of this Act, scoring models filed by third parties
are | 21 |
| considered as filed by insurers and subject to the same | 22 |
| requirements under this
Act. All credit-related filings, | 23 |
| including
scoring models, must be complete, concise, and easily | 24 |
| comprehensible by both the
Division and consumers. Insurers may | 25 |
| not file rates, or underwriting, rate, or rule
guidelines, or |
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LRB096 03039 RPM 13054 b |
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| scoring models that contain unnecessarily complex algorithms | 2 |
| or an
unreasonable number of pages in an attempt to circumvent | 3 |
| the requirement that
such filings be complete, concise, and | 4 |
| easily comprehensible by both the Division
and consumers. A | 5 |
| filing that includes
insurance
scoring may include loss | 6 |
| experience justifying the use of credit information.
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| (b) In any filing that includes use of credit information | 8 |
| or insurance scoring, an
insurer may include loss experience | 9 |
| and actuarial information justifying the use of
credit | 10 |
| information, and must make such information available to the | 11 |
| Division upon
request. | 12 |
| ( c b ) In order that consumers may understand the various | 13 |
| ways credit information and
insurance scores affect insurance | 14 |
| acceptance, rejection, or rates, all rate,
rating rule, | 15 |
| underwriting guideline, and scoring model filings Any filing | 16 |
| relating to credit information will be deemed to be public | 17 |
| information and not is considered to be a trade
secret
under | 18 |
| the
Illinois Trade Secrets Act.
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| (Source: P.A. 93-114, eff. 10-1-03.)
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| (215 ILCS 157/45)
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| Sec. 45. Enforcement ; rates not regulated .
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| (a) The Division Department shall enforce the provisions of | 23 |
| this Act pursuant to the
enforcement powers granted to it under | 24 |
| the Illinois Insurance Code. The Division
Department
may
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| promulgate rules necessary to enforce and administer this Act.
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LRB096 03039 RPM 13054 b |
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| (b) Nothing contained in this Act shall be construed to | 2 |
| empower the Division to
Department
to regulate or set the rates | 3 |
| of any insurer pursuant to this Act.
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| (Source: P.A. 93-114, eff. 10-1-03.)
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| Section 99. Effective date. This Act takes effect upon | 6 |
| becoming law.
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