State of Illinois
92nd General Assembly
Legislation

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[ Introduced ][ Enrolled ][ House Amendment 001 ]

92_SB0869eng

 
SB869 Engrossed                                LRB9200952JSpc

 1        AN ACT to amend the Illinois Insurance Code  by  changing
 2    Section 424.

 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 424 as follows:

 7        (215 ILCS 5/424) (from Ch. 73, par. 1031)
 8        Sec.  424.   Unfair  methods of competition and unfair or
 9    deceptive acts or practices defined. The following are hereby
10    defined as unfair  methods  of  competition  and  unfair  and
11    deceptive acts or practices in the business of insurance:
12        (1)  The  commission  by any person of any one or more of
13    the acts defined or prohibited by  Sections  134,  147,  148,
14    149,  151,  155.22,  155.22a,  236, 237, 364, and 469 of this
15    Code.
16        (2)  Entering into any agreement to  commit,  or  by  any
17    concerted  action committing, any act of boycott, coercion or
18    intimidation  resulting  in   or   tending   to   result   in
19    unreasonable  restraint  of,  or monopoly in, the business of
20    insurance.
21        (3)  Making or permitting, in the case  of  insurance  of
22    the types enumerated in Classes 1, 2, and 3 of Section 4, any
23    unfair  discrimination  between  individuals  or risks of the
24    same class or of essentially  the  same  hazard  and  expense
25    element  because  of  the  race, color, religion, or national
26    origin of such insurance risks or applicants. The application
27    of this Article to the types of insurance enumerated in Class
28    1 of Section 4 shall in no way limit, reduce, or  impair  the
29    protections and remedies already provided for by Sections 236
30    and 364 of this Code or any other law of this State.
31        (4)  Engaging  in any of the acts or practices defined in
 
SB869 Engrossed             -2-                LRB9200952JSpc
 1    or prohibited by Sections 154.5 through  154.8  of  the  this
 2    Insurance Code.
 3        (5)  Making  or  charging  any rate for insurance against
 4    losses arising from the use or ownership of a  motor  vehicle
 5    which  requires  a  higher premium of any person by reason of
 6    his physical handicap, race,  color,  religion,  or  national
 7    origin.
 8    (Source: P.A. 90-245, eff. 1-1-98.)

 9        Section  99.  Effective date.  This Act takes effect upon
10    becoming law.

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