State of Illinois
92nd General Assembly
Legislation

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92_SB0476

 
                                               LRB9206049JSpc

 1        AN ACT concerning 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    adding Section 143.29a as follows:

 6        (215 ILCS 5/143.29a new)
 7        Sec. 143.29a.  Insureds age  65  and  over;  renewal  and
 8    premium  rates.  With  respect  to  a  policy that insures an
 9    individual under a personal lines automobile insurance policy
10    against any loss or liability resulting from or  incident  to
11    the   ownership,  maintenance,  or  operation  of  any  motor
12    vehicle, an insurance company authorized to  do  business  in
13    Illinois may not refuse to renew the policy, may not increase
14    the  premium  rates for the policy, and may not fail to offer
15    premium reduction incentives for the policy based,  in  whole
16    or  in  part,  upon the fact that the insured has attained 65
17    years of age.

18        Section 99.  Effective date. This Act takes  effect  upon
19    becoming law.

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