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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
SB1899 Introduced 2/10/2017, by Sen. Chuck Weaver SYNOPSIS AS INTRODUCED:
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Amends Illinois Insurance Code. Provides that no insurance company that is authorized to do business in this State and which issues policies for personal multiperil property coverage, commonly known as homeowners insurance, may increase the premiums on that insurance based upon claims arising from third-party fault or actions not caused by the policyholder.
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| | A BILL FOR |
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| | SB1899 | | LRB100 09330 RJF 19491 b |
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| 1 | | AN ACT concerning regulation.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Insurance Code is amended by adding |
| 5 | | Section 143.10d as follows:
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| 6 | | (215 ILCS 5/143.10d new) |
| 7 | | Sec. 143.10d. Homeowners insurance premiums; third-party |
| 8 | | fault. No insurance company that is authorized to do business |
| 9 | | in this State and which issues policies for personal multiperil |
| 10 | | property coverage, commonly known as homeowners insurance, may |
| 11 | | increase the premiums on that insurance based upon claims |
| 12 | | arising from third-party fault or actions not caused by the |
| 13 | | policyholder.
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