Date	Chamber	Action
1/12/2011	Senate	Session Sine Die

Statutes Amended In Order of Appearance

215 ILCS 157/10

215 ILCS 157/15

215 ILCS 157/20

215 ILCS 157/22

215 ILCS 157/25

215 ILCS 157/30

215 ILCS 157/40

215 ILCS 157/45

Synopsis As Introduced
Amends the Use of Credit Information in Personal Insurance Act. In the provision concerning scope, includes non-commercial farm owners insurance policies and personal umbrella policies to the definition of "personal insurance". Makes changes in the provision concerning definitions. Makes changes in the provision concerning the use of credit information. Provides that an insurer authorized to do business in this State shall use credit information only for the purpose of initially underwriting a consumer. Provides that an insurer authorized to do business in this State that uses credit information to underwrite risks (instead of underwrite or rate risks) shall not take an adverse action against a consumer based on credit information unless and until certain requirements are met. Provides that an insurer must file language in its underwriting guidelines acknowledging the requirement to review and consider extraordinary life events. Provides that an insurer shall re-underwrite the consumer within 30 days if it is determined through any dispute resolution process (instead of the dispute resolution process set forth in the federal Fair Credit Reporting Act) that the credit information of a consumer was incorrect. Provides that scoring models filed by third parties are considered as filed by insurers and subject to the requirements of the Act. Provides that any insurer that used credit information or insurance scores for rating purposes prior to the effective date of the Act must file with the Director for approval an acceptable plan for removing use of credit information or insurance scores for rating purposes. Makes other changes. Effective immediately.

Actions 

Date	Chamber	Action
2/20/2009	Senate	Filed with Secretary by Sen. Mattie Hunter
2/20/2009	Senate	First Reading
2/20/2009	Senate	Referred to Assignments
3/4/2009	Senate	Assigned to Consumer Protection
3/12/2009	Senate	To Consumer Protection Subcommittee on Special Issues
3/13/2009	Senate	Rule 3-9(a) / Re-referred to Assignments
1/12/2011	Senate	Session Sine Die

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