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92_SB0333ham001
LRB9200974JSpcam06
1 AMENDMENT TO SENATE BILL 333
2 AMENDMENT NO. . Amend Senate Bill 333 on page 2,
3 line 10, by changing "entity" to "entity, other than a
4 financial institution as defined in Section 1402 of this
5 Code,"; and
6 on page 2 by replacing lines 15, 16, and 17 with the
7 following:
8 "or by providing such information to others, without,
9 separate from the general agency"; and
10 on page 2 by deleting lines 24 through 28; and
11 on page 4 by inserting immediately below line 10 the
12 following:
13 "(e) Nothing in this Section prevents a financial
14 institution, as defined in Section 1402 of this Code, from
15 obtaining from the insured, the insurer, or the registered
16 firm the expiration dates of an insurance policy placed on
17 collateral or otherwise used as security in connection with a
18 loan made or serviced by the financial institution when the
19 financial institution requires the expiration dates for
20 evidence of insurance.
21 (f) For purposes of this Section, "financial
22 institution" does not include an insurance company,
-2- LRB9200974JSpcam06
1 registered firm, managing general agent, surplus lines
2 broker, wholesale broker, group self-funded insurance fund,
3 or third-party administrator."; and
4 on page 4, line 11, by changing "(e)" to "(g)"; and
5 on page 4, line 13, by changing "(f)" to "(h)".