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Public Act 92-0399
SB869 Enrolled LRB9200952JSpc
AN ACT to amend the Illinois Insurance Code by changing
Section 424.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Insurance Code is amended by
changing Section 424 as follows:
(215 ILCS 5/424) (from Ch. 73, par. 1031)
Sec. 424. Unfair methods of competition and unfair or
deceptive acts or practices defined. The following are hereby
defined as unfair methods of competition and unfair and
deceptive acts or practices in the business of insurance:
(1) The commission by any person of any one or more of
the acts defined or prohibited by Sections 134, 147, 148,
149, 151, 155.22, 155.22a, 236, 237, 364, and 469 of this
Code.
(2) Entering into any agreement to commit, or by any
concerted action committing, any act of boycott, coercion or
intimidation resulting in or tending to result in
unreasonable restraint of, or monopoly in, the business of
insurance.
(3) Making or permitting, in the case of insurance of
the types enumerated in Classes 1, 2, and 3 of Section 4, any
unfair discrimination between individuals or risks of the
same class or of essentially the same hazard and expense
element because of the race, color, religion, or national
origin of such insurance risks or applicants. The application
of this Article to the types of insurance enumerated in Class
1 of Section 4 shall in no way limit, reduce, or impair the
protections and remedies already provided for by Sections 236
and 364 of this Code or any other provision of this Code.
(4) Engaging in any of the acts or practices defined in
or prohibited by Sections 154.5 through 154.8 of the this
Insurance Code.
(5) Making or charging any rate for insurance against
losses arising from the use or ownership of a motor vehicle
which requires a higher premium of any person by reason of
his physical handicap, race, color, religion, or national
origin.
(Source: P.A. 90-245, eff. 1-1-98.)
Section 99. Effective date. This Act takes effect upon
becoming law.
Passed in the General Assembly May 22, 2001.
Approved August 16, 2001.
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