Rep. John J. Millner
Filed: 4/7/2005
 
 

 




 

 		












09400HB0265ham003

LRB094 05163 LJB 44634 a






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AMENDMENT TO HOUSE BILL 265




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    AMENDMENT NO. ______. Amend House Bill 265, AS AMENDED, by 
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replacing everything after the enacting clause with the 
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following:

 
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    "Section 5. The Use of Credit Information in Personal 
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Insurance Act is amended  by adding Section 22 as follows:
 
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    (215 ILCS 157/22  new)
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    Sec. 22. Extraordinary life events.
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    (a) An insurer authorized to do business in this State that 
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uses credit information to underwrite or rate risks shall 
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review and consider an exception to the risk score based upon 
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extraordinary life events after receiving a written and signed 
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notification from the applicant or insured explaining how the 
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applicant or insured believes the extraordinary life event 
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adversely impacts the applicant's or insured's insurance risk 
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score.
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    (b) For the purposes of this Section, "extraordinary life 
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event" means the following:
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        (1) a catastrophic illness or injury to an applicant or 
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    insured or an immediate family member of an applicant or 
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    insured;
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        (2) the death of a spouse, child, or parent of an 
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    applicant or insured;
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        (3) involuntary loss of employment for a period of 3 
 


 






09400HB0265ham003
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LRB094 05163 LJB 44634 a




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    months or more by an applicant or insured;
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        (4) identity theft of an applicant or insured; or
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        (5) dissolution of marriage of an applicant or insured.
 

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    Section 99. Effective date. This Act takes effect July 1, 
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2006.".