Bill Text: IL HB5357 | 2023-2024 | 103rd General Assembly | Chaptered
Bill Title: Amends the Illinois Insurance Code. Provides that in response to all applications for homeowners insurance received by an insurance company, the insurance company shall provide the applicant information regarding the availability of coverage for loss caused by a sewer backup or overflow from a sump pump, including the coverage limits and costs thereof. Provides that at least 30 days prior to each renewal of any policy of homeowners insurance, the insurance company shall provide the insured with information regarding the insured's existing coverage and available coverage for loss caused by a sewer backup or overflow from a sump pump, including the coverage limits and costs thereof. Effective January 1, 2025.
Spectrum: Strong Partisan Bill (Democrat 24-2)
Status: (Passed) 2024-08-09 - Public Act . . . . . . . . . 103-0858 [HB5357 Detail]
Download: Illinois-2023-HB5357-Chaptered.html
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| Public Act 103-0858 | ||||
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AN ACT concerning regulation.
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Be it enacted by the People of the State of Illinois, | ||||
represented in the General Assembly:
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Section 5. The Illinois Insurance Code is amended by | ||||
adding Section 143.21d as follows:
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(215 ILCS 5/143.21d new) | ||||
Sec. 143.21d. Sewer backup and sump pump overflow | ||||
coverage; notice. | ||||
(a) In response to all applications for homeowners | ||||
insurance, as defined in paragraph (2) of Section 523, | ||||
received by an insurance company, the insurance company shall | ||||
provide the applicant information regarding the availability | ||||
of coverage for loss caused by a sewer backup or overflow from | ||||
a sump pump, including the coverage limits and costs thereof. | ||||
(b) At least 30 days prior to each renewal of any policy of | ||||
homeowners insurance, as defined in paragraph (2) of Section | ||||
523, the insurance company shall provide the insured with | ||||
information regarding the insured's existing coverage and | ||||
available coverage for loss caused by a sewer backup or | ||||
overflow from a sump pump, including the coverage limits and | ||||
costs thereof.
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