97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB1855

 

Introduced 2/9/2011, by Sen. Antonio Muņoz

 

SYNOPSIS AS INTRODUCED:
 
215 ILCS 5/500-76 new

    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.


LRB097 10086 RPM 50265 b

 

 

A BILL FOR

 

SB1855LRB097 10086 RPM 50265 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Insurance Code is amended by adding
5Section 500-76 as follows:
 
6    (215 ILCS 5/500-76 new)
7    Sec. 500-76. Disclosure. A policy the solicitation of which
8involves an insurance producer, limited insurance
9representative, or temporary insurance producer must identify
10the name of the producer, representative, or firm. An
11individual life or accident and health application and master
12policy application for life or accident and health group
13coverages must bear the name and signature of the licensee who
14solicited and wrote the application.