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92_HB5496
LRB9212316JSpc
1 AN ACT in relation to 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
5 changing Section 357.29 as follows:
6 (215 ILCS 5/357.29) (from Ch. 73, par. 969.29)
7 Sec. 357.29. Requirements of other jurisdictions. Any
8 policy of a foreign or alien company, when delivered or
9 issued for delivery to any person in this State, may contain
10 any provision that which is not less favorable to the insured
11 or the beneficiary than the provisions of this Article and
12 which is prescribed or required by the law of the state under
13 which the company is organized.
14 Any policy of a domestic company may, when issued for
15 delivery in any other state or country, contain any provision
16 permitted or required by the laws of such other state or
17 country.
18 (Source: Laws 1967, p. 1735.)