BRADLEY-PARKE-MAUTINO. 215 ILCS 5/500-80 Amends the Illinois Insurance Code in relation to producer compensation that is not deductible from premiums. Provides that records regarding notice of certain fees must be retained for 3 years rather than indefinitely. Provides that when a contract or policy is cancelled, the amount to be refunded to a customer shall be calculated on a pro-rated basis for the remaining time the policy will be in force limited to a maximum of 90 days. Provides that if a fee disclosure to the consumer documents that the producer performed a service corresponding to the policy and provides that the fee was fully earned, the fee is fully earned at the inception of the disclosure statement's execution. Effective immediately. FEB-07-2002 H FILED WITH CLERK FEB-07-2002 H ADDED AS A JOINT SPONSOR PARKE FEB-07-2002 H ADDED AS A JOINT SPONSOR MAUTINO FEB-07-2002 H FIRST READING FEB-07-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-13-2002 H ASSIGNED TO COMMITTEE INSURANCE FEB-21-2002 H DO PASS/SHORT DEBATE 011-000-002 HINS FEB-21-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-20-2002 H MOTION FILED RECOMMIT HB 5800 MAR-20-2002 H TO THE RULES MAR-20-2002 H COMMITTEE-BRADLEY MAR-20-2002 H CALENDAR ORDER 2ND READING-SHORT DEBATE MAR-22-2002 H SECOND READING-SHORT DEBATE MAR-22-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-05-2002 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary