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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016 HB0888 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED: |
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215 ILCS 5/355 | from Ch. 73, par. 967 |
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Amends the Illinois Insurance Code. Makes a technical change in a Section concerning accident and health policies.
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| | A BILL FOR |
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| | HB0888 | | LRB099 04710 MLM 24739 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 |
5 | | changing Section 355 as follows:
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6 | | (215 ILCS 5/355) (from Ch. 73, par. 967)
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7 | | Sec. 355.
Accident
and
and health policies-Provisions.)
No |
8 | | policy of insurance against loss or damage from the sickness, |
9 | | or from
the bodily injury or death of the insured by accident |
10 | | shall be issued or
delivered to any person in this State until |
11 | | a copy of the form thereof and
of the classification of risks |
12 | | and the premium rates pertaining thereto
have been filed with |
13 | | the Director; nor shall it be so issued or delivered
until the |
14 | | Director shall have approved such policy pursuant to the |
15 | | provisions
of Section 143. If the Director
disapproves the |
16 | | policy form he shall make a written decision stating the
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17 | | respects in which such form does not comply with the |
18 | | requirements of law
and shall deliver a copy thereof to the |
19 | | company and it shall be unlawful
thereafter for any such |
20 | | company to issue any policy in such form. |
21 | | (Source: P.A. 79-777.)
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