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90_SB0295
215 ILCS 5/357.29 from Ch. 73, par. 969.29
Amends the Illinois Insurance Code. Adds a Section
caption and makes technical changes in a Section concerning
provisions in accident and health insurance policies required
by other jurisdictions.
LRB9000791JSgc
LRB9000791JSgc
1 AN ACT to amend the Illinois Insurance Code by changing
2 Section 357.29.
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 357.29 as follows:
7 (215 ILCS 5/357.29) (from Ch. 73, par. 969.29)
8 Sec. 357.29. Requirements of other jurisdictions. Any
9 policy of a foreign or alien company, when delivered or
10 issued for delivery to any person in this State, may contain
11 any provision that which is not less favorable to the insured
12 or the beneficiary than the provisions of this Article and
13 which is prescribed or required by the law of the state under
14 which the company is organized.
15 Any policy of a domestic company may, when issued for
16 delivery in any other state or country, contain any provision
17 permitted or required by the laws of such other state or
18 country.
19 (Source: Laws 1967, p. 1735.)