97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0101

 

Introduced 1/12/2011, by Rep. LaShawn K. Ford

 

SYNOPSIS AS INTRODUCED:
 
215 ILCS 5/155.43 new

    Amends the Illinois Insurance Code. Provides that beginning on the effective date of the amendatory Act, every policy for personal multiperil property coverage, commonly known as homeowners insurance, issued or renewed insuring a residence located within a community in this State that participates in the National Flood Insurance Program shall include, at a separately stated premium, flood insurance unless waived in writing by the insured. Provides that if the insured has previously waived flood insurance in writing, then the insurer or agent need not offer flood insurance in any renewal or supplementary policy in connection with a policy previously issued to the insured by the same insurer unless the insured subsequently makes a written request for flood insurance.


LRB097 05503 RPM 45563 b

 

 

A BILL FOR

 

HB0101LRB097 05503 RPM 45563 b

1    AN ACT concerning insurance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Insurance Code is amended by adding
5Section 155.43 as follows:
 
6    (215 ILCS 5/155.43 new)
7    Sec. 155.43. Flood insurance.
8    (a) Beginning on the effective date of this amendatory Act
9of the 97th General Assembly, every policy for personal
10multiperil property coverage, commonly known as homeowners
11insurance, issued or renewed insuring a residence located
12within a community in this State that participates in the
13National Flood Insurance Program shall include, at a separately
14stated premium, flood insurance unless waived in writing by the
15insured.
16    (b) If the insured has previously waived flood insurance in
17writing, then the insurer or agent need not offer flood
18insurance in any renewal or supplementary policy in connection
19with a policy previously issued to the insured by the same
20insurer unless the insured subsequently makes a written request
21for flood insurance.