Bill Amendment: IL HB0759 | 2017-2018 | 100th General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: INS CD-PRODUCER LICENSE-BANKS
Status: 2017-08-25 - Public Act . . . . . . . . . 100-0349 [HB0759 Detail]
Download: Illinois-2017-HB0759-House_Amendment_001.html
Bill Title: INS CD-PRODUCER LICENSE-BANKS
Status: 2017-08-25 - Public Act . . . . . . . . . 100-0349 [HB0759 Detail]
Download: Illinois-2017-HB0759-House_Amendment_001.html
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| 1 | AMENDMENT TO HOUSE BILL 759
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| 2 | AMENDMENT NO. ______. Amend House Bill 759 on page 2, by | ||||||
| 3 | replacing lines 1 through 12 with the following:
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| 4 | "(d) Nothing in Section 500-100 of this Code shall be | ||||||
| 5 | construed to require a limited lines producer license or any | ||||||
| 6 | other form or class of producer's license for financial | ||||||
| 7 | institutions, or their employees, if the financial institution | ||||||
| 8 | has purchased or sponsored a group credit life, credit accident | ||||||
| 9 | and health, credit casualty, credit property, or other group | ||||||
| 10 | credit insurance policy or program under which the financial | ||||||
| 11 | institution enrolls or performs other administrative services, | ||||||
| 12 | or both, to enable individuals to purchase insurance coverage | ||||||
| 13 | under the group credit insurance policy sold by a licensed | ||||||
| 14 | producer in compliance with Section 155.56. A financial | ||||||
| 15 | institution that performs enrollment or other administrative | ||||||
| 16 | services, or both, with respect to its group credit insurance | ||||||
| 17 | policies or programs shall be deemed to be in compliance with | ||||||
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| 1 | paragraph (2) of subsection (b) of Section 500-20 of this | ||||||
| 2 | Code.".
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