HB2962ham001 98TH GENERAL ASSEMBLY

Rep. Scott Drury

Filed: 3/22/2013

09800HB2962ham001 LRB098 05470 RPM 43767 a

AMENDMENT TO HOUSE BILL 2962

AMENDMENT NO. ______. Amend House Bill 2962 by replacing everything after the enacting clause with the following:

"Section 5. The Illinois Insurance Code is amended by changing Sections 154.6, 154.8, and 155 as follows:

(215 ILCS 5/154.8) (from Ch. 73, par. 766.8)

Sec. 154.8. Cease and Desist Order - Suspension of Certificate - Civil penalty - Judicial Review.)

(1) If after a hearing pursuant to Section 154.7 the Director finds that company has engaged in an improper claims practice, he shall order such company to cease and desist from such practices and, in the exercise of reasonable discretion, may suspend the company's certificate of authority for a period not to exceed 6 months or impose a civil penalty of up to $375,000 $250,000, or both. Pursuant to Section 401, the Director shall promulgate reasonable rules and regulations establishing standards for the implementation of this Section.

(2) Any order of the Director pursuant to this Section is subject to judicial review under Section 407 of this Code.

(Source: P.A. 86-846.)".