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92_HB2419ham002 LRB9207370JSpcam01 1 AMENDMENT TO HOUSE BILL 2419 2 AMENDMENT NO. . Amend House Bill 2419, AS AMENDED, 3 by replacing everything after the enacting clause with the 4 following: 5 "Section 5. The Illinois Insurance Code is amended by 6 changing Section 1011 and adding Section 155.37 as follow: 7 (215 ILCS 5/155.37 new) 8 Sec. 155.37. Use of credit information in underwriting. 9 (a) If an insurer, or an agent on behalf of an insurer, 10 uses credit criteria or a credit score, in whole or in part, 11 as a reason to cancel or refuse to renew coverage or to 12 refuse to underwrite for a particular insurance risk or class 13 of risk, the credit criteria or credit score must be 14 established and used in a manner that: 15 (1) is not based, in whole or in part, on the 16 income, gender, race, color, religion, or national origin 17 of an applicant or insured; and 18 (2) otherwise complies with Article XXVI of this 19 Code. 20 (b) The credit criteria or credit scoring may not be 21 used as a sole determinant for either the refusal to issue or 22 the refusal to renew a policy. -2- LRB9207370JSpcam01 1 (215 ILCS 5/1011) (from Ch. 73, par. 1065.711) 2 Sec. 1011. Reasons for Adverse Underwriting Decisions. 3 (A) In the event of an adverse underwriting decision the 4 insurance institution or agent responsible for the decision 5 shall: 6 (1) either provide the applicant, policyholder or 7 individual proposed for coverage with the specific reason 8 or reasons for the adverse underwriting decision in 9 writing or advise such person that upon written request 10 he or she may receive the specific reason or reasons in 11 writing;
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