|
| | HB5357 Enrolled | | LRB103 37078 RPS 67196 b |
|
|
1 | | AN ACT concerning regulation.
|
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 | | adding Section 143.21d as follows:
|
6 | | (215 ILCS 5/143.21d new) |
7 | | Sec. 143.21d. Sewer backup and sump pump overflow |
8 | | coverage; notice. |
9 | | (a) In response to all applications for homeowners |
10 | | insurance, as defined in paragraph (2) of Section 523, |
11 | | received by an insurance company, the insurance company shall |
12 | | provide the applicant information regarding the availability |
13 | | of coverage for loss caused by a sewer backup or overflow from |
14 | | a sump pump, including the coverage limits and costs thereof. |
15 | | (b) At least 30 days prior to each renewal of any policy of |
16 | | homeowners insurance, as defined in paragraph (2) of Section |
17 | | 523, the insurance company shall provide the insured with |
18 | | information regarding the insured's existing coverage and |
19 | | available coverage for loss caused by a sewer backup or |
20 | | overflow from a sump pump, including the coverage limits and |
21 | | costs thereof.
|
22 | | Section 99. Effective date. This Act takes effect January |