IL SB3466 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 18 2022 - 25% progression, died in committee
Action: 2022-10-21 - Chief Sponsor Changed to Sen. Don Harmon
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Insurance Code. In provisions concerning prohibited payment or acceptance of rebates, provides that nothing in the language shall prohibit an insurer, by or through its employees, affiliates, insurance producers, or third-party representatives, or an insurance producer acting on its own behalf, from offering or providing products or services that are at least tangentially related to an insurance contract or the administration of an insurance contract for free or for less than fair market value as long as the receipt of the products or services is not contingent upon the purchase of insurance and the products or services are offered on the same terms to all potential insurance customers based on documented objective criteria and in a manner that is not unfairly discriminatory.

Tracking Information

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Title

INS-REBATES/PRODUCTS&SERVICES

Sponsors


History

DateChamberAction
2022-10-21SenateChief Sponsor Changed to Sen. Don Harmon
2022-02-18SenateRule 3-9(a) / Re-referred to Assignments
2022-02-10SenateRule 2-10 Committee Deadline Established As February 18, 2022
2022-01-26SenateAssigned to Insurance
2022-01-18SenateReferred to Assignments
2022-01-18SenateFirst Reading
2022-01-18SenateFiled with Secretary by Sen. Antonio Muñoz

Code Citations

ChapterArticleSectionCitation TypeStatute Text
2155151Amended CodeCitation Text

Illinois State Sources


Bill Comments

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