[ Back ] [ Bottom ]
91_HB1265eng
HB1265 Engrossed LRB9101916JSpc
1 AN ACT to amend the Illinois Insurance Code by changing
2 Section 424.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Insurance Code is amended by
6 changing Section 424 as follows:
7 (215 ILCS 5/424) (from Ch. 73, par. 1031)
8 Sec. 424. Unfair methods of competition and unfair or
9 deceptive acts or practices defined. The following are hereby
10 defined as unfair methods of competition and unfair and
11 deceptive acts or practices in the business of insurance:
12 (1) The commission by any person of any one or more of
13 the acts defined or prohibited by Sections 134, 147, 148,
14 149, 151, 155.22, 155.22a, 236, 237, 364 and 469 of this
15 Code.
16 (2) Entering into any agreement to commit, or by any
17 concerted action committing, any act of boycott, coercion or
18 intimidation resulting in or tending to result in
19 unreasonable restraint of, or monopoly in, the business of
20 insurance. "Unreasonable restraint" includes, but is not
21 limited to, any formal or informal policy that requires a
22 licensed health care professional or group of professionals
23 to agree to participate in all health care or managed care
24 plans or accident and health policies operated by the
25 insurance company in order to participate in one or more
26 plans or policies operated by the insurance company. A
27 licensed health care professional's or group of
28 professionals' decision not to accept an offer to participate
29 in one or more plans shall not be the grounds for denying
30 participation in any chosen plan or policy. If an agreement
31 is signed by an authorized representative of a group of
HB1265 Engrossed -2- LRB9101916JSpc
1 health care professionals, then the agreement shall apply to
2 all members of the group unless stated otherwise in the
3 agreement. A licensed insurance company that violates this
4 subsection engages in unlawful tying practices that are
5 unfair methods of competition and unfair and deceptive acts
6 or practices.
7 (3) Making or permitting, in the case of insurance of
8 the types enumerated in Classes 2 and 3 of Section 4, any
9 unfair discrimination between individuals or risks of the
10 same class or of essentially the same hazard and expense
11 element because of the race, color, religion or national
12 origin of such insurance risks or applicants.
13 (4) Engaging in any of the acts or practices defined in
14 or prohibited by Sections 154.5 through 154.8 of the this
15 Insurance Code.
16 (5) Making or charging any rate for insurance against
17 losses arising from the use or ownership of a motor vehicle
18 which requires a higher premium of any person by reason of
19 his physical handicap, race, color, religion or national
20 origin.
21 (Source: P.A. 90-245, eff. 1-1-98.)
22 Section 99. Effective date. This Act takes effect July
23 1, 1999.
[ Top ]