93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB4207

 

Introduced 1/26/2004, by Terry R. Parke

 

SYNOPSIS AS INTRODUCED:
 
215 ILCS 5/143.15   from Ch. 73, par. 755.15

    Amends the Illinois Insurance Code. Makes a technical change in a Section concerning notices of cancellation.


LRB093 15108 SAS 40701 b

 

 

A BILL FOR

 

HB4207 LRB093 15108 SAS 40701 b

1     AN ACT in relation to 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 changing Section 143.15 as follows:
 
6     (215 ILCS 5/143.15)  (from Ch. 73, par. 755.15)
7     Sec. 143.15. Mailing of cancellation notice. A notice All
8 notices of cancellation of insurance as defined in subsections
9 (a), (b) and (c) of Section 143.13 must be mailed at least 30
10 days prior to the effective date of cancellation to the named
11 insured and mortgagee or lien holder, if known, at the last
12 mailing address known to the company. All notices of
13 cancellation shall include a specific explanation of the reason
14 or reasons for cancellation. However, where cancellation is for
15 nonpayment of premium, the notice of cancellation must be
16 mailed at least 10 days before the effective date of the
17 cancellation.
18 (Source: P.A. 89-669, eff. 1-1-97.)