093_SB1150sam002
LRB093 09649 JLS 13685 a
1 AMENDMENT TO SENATE BILL 1150
2 AMENDMENT NO. . Amend Senate Bill 1150, AS AMENDED,
3 with reference herein to the page and line numbers of Senate
4 Amendment No. 1, on page 4, line 6, by replacing "5/500-107"
5 with "500-107"; and
6 on page 4, line 8, by changing "(a) A" to "(a) Except as
7 permitted by subsection (j) of this Section, a"; and
8 on page 6 by inserting immediately below line 17 the
9 following:
10 "(j) Nothing contained in this Section shall prohibit an
11 unlicensed person from distributing or selling certificates
12 of insurance under a group master policy lawfully issued in
13 this or another state when:
14 (1) the sale or distribution is by an employee of
15 the group master policyholder;
16 (2) no commission is paid for such sale or
17 distribution;
18 (3) the sales are incidental and ancillary to the
19 primary rental business of the group master policyholder;
20 and
21 (4) the group master policy is sold to the group
22 master policyholder by a licensed producer.
23 (k) Nothing in this Section applies to or affects common
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1 carriers regulated by the Illinois Commerce Commission."; and
2 on page 7 by deleting lines 29 and 30.