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90_SB0196enr
215 ILCS 5/143.28 from Ch. 73, par. 755.28
Amends the Illinois Insurance Code. Adds a caption to a
Section concerning automobile rate reductions because of use
of anti-theft equipment.
LRB9001631JSgc
SB196 Enrolled LRB9001631JSgc
1 AN ACT to amend the Illinois Insurance Code by changing
2 Section 143.10b.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Insurance Code is amended by
6 changing Section 143.10b as follows:
7 (215 ILCS 5/143.10b) (from Ch. 73, par. 755.10b)
8 Sec. 143.10b. (1) Loss information, private passenger
9 automobile.
10 (1) All companies issuing a "policy of automobile
11 insurance" as defined in paragraph (a) of Section 143.13 of
12 this Code shall, on or after January 1, 1990, provide the
13 following loss information for the 5 three previous policy
14 years to the named insured within 30 days of the insured's
15 written request:
16 (a) on closed claims, date and description of
17 occurrence, and total amount of payments;
18 (b) on open claims, date and description of
19 occurrence and total amount of payments;
20 (c) for any occurrence not included in (a) or (b)
21 of this subsection, the date and description of
22 occurrence.
23 (2) If a company fails to provide the information as
24 required by this Section with such frequency so as to
25 indicate a practice of refusing to provide such information,
26 such failure shall constitute an unfair trade practice as
27 defined in Section 424 and subject to those hearing and
28 penalty provisions as set forth in Sections 425 through 434
29 of this Code.
30 (Source: P.A. 86-437.)