Bill Text: IL SB1855 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the Illinois Insurance Code. Provides that a policy the solicitation of which involves an insurance producer, limited insurance representative, or temporary insurance producer must identify the name of the producer, representative, or firm. Further provides that an individual life or accident and health application and master policy application for life or accident and health group coverages must bear the name and signature of the licensee who solicited and wrote the application.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die [SB1855 Detail]
Download: Illinois-2011-SB1855-Introduced.html
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1 | AN ACT concerning regulation.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Insurance Code is amended by adding | |||||||||||||||||||
5 | Section 500-76 as follows:
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6 | (215 ILCS 5/500-76 new) | |||||||||||||||||||
7 | Sec. 500-76. Disclosure. A policy the solicitation of which | |||||||||||||||||||
8 | involves an insurance producer, limited insurance | |||||||||||||||||||
9 | representative, or temporary insurance producer must identify | |||||||||||||||||||
10 | the name of the producer, representative, or firm. An | |||||||||||||||||||
11 | individual life or accident and health application and master | |||||||||||||||||||
12 | policy application for life or accident and health group | |||||||||||||||||||
13 | coverages must bear the name and signature of the licensee who | |||||||||||||||||||
14 | solicited and wrote the application.
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