State of Illinois
92^nd General Assembly
Legislation

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92_HB0800ham001

 










                                           LRB9207630JScsam02

 1                     AMENDMENT TO HOUSE BILL 800

 2        AMENDMENT NO.     .  Amend House Bill 800 on page 1, line
 3    15, by changing "an" to "a registered firm"; and

 4    on page 1, line 16, by deleting "insurance producer"; and

 5    on  page  1  by  inserting  immediately  below  line  17  the
 6    following:
 7        "For purposes of this Section  only,  a  registered  firm
 8    also  includes  a  sole  proprietorship  that  transacts  the
 9    business of insurance as an insurance agency."; and

10    on  page 1, line 21, by changing "an" to "a registered firm";
11    and

12    on page 1, line 22, by deleting "insurance producer"; and

13    on page 1, line  26,  by  changing  "insurance  producer"  to
14    "registered firm"; and

15    on  page  2,  line  6,  by  changing  "insurance producer" to
16    "registered firm"; and

17    on page 2, line 14, by changing "agent" to "producer"; and

18    on page 2, line 16, by changing "business" to "coverage"; and

19    on page 2, line 22, by changing "for" to "or primarily  for";
 
                            -2-            LRB9207630JScsam02
 1    and

 2    on page 2, line 23, by deleting "or"; and

 3    on  page  2,  line  24, by changing "health" to "accident and
 4    health"; and

 5    on page 2 by replacing line 25 with the following:
 6        "insurance;
 7             (5)  when the independent insurance producer  is  in
 8        default  for  nonpayment  of  premiums under the contract
 9        with the insurer; or
10             (6)  to any insurance  company's  obligations  under
11        Sections 143.17 and 143.17a of this Code."; and

12    on  page  2  by  inserting  immediately  below  line  28  the
13    following:
14        "For  purposes  of  this  Section,  an insurance producer
15    shall be deemed to have  agreed  to  act  primarily  for  one
16    company  or  a group of affiliated insurance companies if the
17    producer (i) receives 75% or more of  his  or  her  insurance
18    related commissions from one company or a group of affiliated
19    companies  or  (ii) places 75% or more of his or her policies
20    with one company or a group of affiliated companies."; and

21    on page 2 by deleting line 34; and

22    on page 3 by deleting lines 1 and 2.

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