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<xml>
<title>Illinois General Assembly - Bill Status for SB 520    </title>
<shortdesc>INS CD-COMMISSIONS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Mike Jacobs</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>215 ILCS 5/500-80</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Insurance Code. Provides that when an insurance producer or business entity charges any fee or compensation separate from commissions deductible from, or directly attributable to, premiums on insurance policies or contracts, it must provide written disclosure to the consumer or contracting party that clearly specifies the amount or extent of the compensation or fee prior to the delivery of the corresponding policy or the performance of the service (now, only the delivery of the corresponding policy). Makes a technical change. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/8/2007</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Mike Jacobs</action>
<statusdate>2/8/2007</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/8/2007</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>2/21/2007</statusdate><chamber>Senate</chamber><action>Assigned to Insurance</action>
<statusdate>3/8/2007</statusdate><chamber>Senate</chamber><action>Postponed - Insurance</action>
<statusdate>3/15/2007</statusdate><chamber>Senate</chamber><action>Postponed - Insurance</action>
<statusdate>3/16/2007</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Rules</action>
<statusdate>1/13/2009</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

