100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
SB1899

 

Introduced 2/10/2017, by Sen. Chuck Weaver

 

SYNOPSIS AS INTRODUCED:
 
215 ILCS 5/143.10d new

    Amends Illinois Insurance Code. Provides that no insurance company that is authorized to do business in this State and which issues policies for personal multiperil property coverage, commonly known as homeowners insurance, may increase the premiums on that insurance based upon claims arising from third-party fault or actions not caused by the policyholder.


LRB100 09330 RJF 19491 b

 

 

A BILL FOR

 

SB1899LRB100 09330 RJF 19491 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 143.10d as follows:
 
6    (215 ILCS 5/143.10d new)
7    Sec. 143.10d. Homeowners insurance premiums; third-party
8fault. No insurance company that is authorized to do business
9in this State and which issues policies for personal multiperil
10property coverage, commonly known as homeowners insurance, may
11increase the premiums on that insurance based upon claims
12arising from third-party fault or actions not caused by the
13policyholder.