[ Search ] [ PDF text ] [ Legislation ]
[ Home ] [ Back ] [ Bottom ]
92_HB3208
LRB9204586JScs
1 AN ACT relating to 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 changing Section 155.26 as follows:
6 (215 ILCS 5/155.26) (from Ch. 73, par. 767.26)
7 Sec. 155.26. Auto insurance renewal; premium rates. No
8 insurance company authorized to do business in Illinois may
9 increase the premium rates for a renewal policy which insures
10 an individual with a personal lines automobile insurance
11 policy against any loss or liability resulting from or
12 incident to the ownership, maintenance or use of any motor
13 vehicle if the sole basis for the proposed increase is that
14 the insured was convicted of no more than one offense for
15 speeding where such speeding was not in excess of 10 miles an
16 hour over the posted speed limit, and no claim for recovery
17 of damages or loss has been paid by the insurer because of
18 such offense.
19 (Source: P.A. 85-332.)