100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
Introduced 2/9/2017, by Sen. Jacqueline Y. Collins
SYNOPSIS AS INTRODUCED:
Amends the Use of Credit Information in Personal Insurance Act. Makes
change in a Section concerning definitions.
A BILL FOR
|SB1706||LRB100 11335 SMS 21712 b|
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Use of Credit Information in Personal
Insurance Act is amended by changing Section 15 as follows:
(215 ILCS 157/15)
purposes of this Act,
these defined words
"Adverse action" means a denial or cancellation of, an
increase in any charge
a reduction or other adverse or
unfavorable change in the terms of coverage or
amount of, any
insurance, existing or applied for, in connection with the
underwriting of personal insurance.
"Affiliate" means any company that controls, is controlled
by, or is under
control with another company.
"Applicant" means an individual who has applied to be
covered by a personal
insurance policy with an insurer.
"Consumer" means an insured or an applicant for a personal
credit information is used or whose
insurance score is calculated in the
underwriting or rating of
a personal insurance policy.
"Consumer reporting agency" means any person that, for
monetary fees or dues
or on a
cooperative nonprofit basis,