Full Text of SB1774 98th General Assembly
SB1774 98TH GENERAL ASSEMBLY |
| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014 SB1774 Introduced 2/15/2013, by Sen. William R. Haine SYNOPSIS AS INTRODUCED: |
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Amends the Illinois Insurance Code. Provides that policies and endorsements used by a company for transacting casualty and fidelity and surety insurance and fire and marine insurance that do not contain personally identifiable information may be mailed, issued, delivered, or posted on the insurer's Internet web site. Provides that if the insurer elects to post the insurance policies and endorsements on its Internet web site in lieu of mailing, issuing, or delivering them to the insured, then the insurer must comply with certain conditions.
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| | A BILL FOR |
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| | | SB1774 | | LRB098 07851 RPM 40744 b |
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| 1 | | AN ACT concerning insurance.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Illinois Insurance Code is amended by adding | 5 | | Section 143.02 as follows: | 6 | | (215 ILCS 5/143.02 new) | 7 | | Sec. 143.02. Electronic posting of policies. Policies and | 8 | | endorsements used by a company for transacting insurance as | 9 | | classified in Class 2 and Class 3 of Section 4 of this Code | 10 | | that do not contain personally identifiable information may be | 11 | | mailed, issued, delivered, or posted on the insurer's Internet | 12 | | web site. If the insurer elects to post the insurance policies | 13 | | and endorsements on its Internet web site in lieu of mailing, | 14 | | issuing, or delivering them to the insured, then the insurer | 15 | | must comply with all of the following conditions: | 16 | | (1) the policy and endorsements must be easily | 17 | | accessible and remain that way for as long as the policy is | 18 | | in force; | 19 | | (2) after the expiration of the policy, the insurer | 20 | | must archive its expired policies and endorsements and make | 21 | | them available upon request; | 22 | | (3) the policies and endorsements must be posted in a | 23 | | manner that enables the insured to print and save the |
| | | SB1774 | - 2 - | LRB098 07851 RPM 40744 b |
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| 1 | | policy and endorsements using programs or applications | 2 | | that are widely available on the Internet and free to use; | 3 | | (4) the insurer must provide notice, in the manner it | 4 | | customarily communicates with an insured, at the time of | 5 | | issuance of the initial policy forms and any renewal forms | 6 | | of a method by which insureds may obtain, upon request, a | 7 | | paper or electronic copy of their policy or endorsements; | 8 | | (5) on each declarations page issued to an insured, the | 9 | | insurer must clearly identify the exact policy and | 10 | | endorsement forms purchased by the insured; and | 11 | | (6) the insurer must provide notice, in the manner it | 12 | | customarily communicates with an insured, of any changes to | 13 | | the forms or endorsements and of the insured's right to | 14 | | obtain, upon request and without charge, a paper or | 15 | | electronic copy of such forms or endorsements.
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