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92_SB0490 LRB9207924JSpc 1 AN ACT concerning insurance. 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 505.3 as follows: 6 (215 ILCS 5/505.3 new) 7 Sec. 505.3. Producer may not act as adjuster. An 8 insurance producer may not engage in adjusting insurance 9 claims that arise under a policy of insurance sold by the 10 producer. For purposes of this Section, "adjusting insurance 11 claims" has the meaning given that term in Section 512.52 of 12 this Code.
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