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92_HB4296
LRB9212778JSpc
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
8 All notices of cancellation of insurance as defined in
9 subsections (a), (b) and (c) of Section 143.13 must be mailed
10 at least 30 days prior to the effective date of cancellation
11 to the named insured and mortgagee or lien holder, if known,
12 at the last mailing address known to the company. All
13 notices of cancellation shall include a specific explanation
14 of the reason or reasons for cancellation. However, where
15 cancellation is for nonpayment of premium, the notice of
16 cancellation must be mailed at least 10 days before the
17 effective date of the cancellation.
18 (Source: P.A. 89-669, eff. 1-1-97.)