92nd General Assembly
Status of HB5800
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   215 ILCS 5/500-80                                                           

        Amends the  Illinois  Insurance  Code  in  relation  to  producer      
   compensation  that  is  not  deductible  from premiums.  Provides that      
   records regarding notice of certain fees must be retained for 3  years      
   rather  than indefinitely.  Provides that when a contract or policy is      
   cancelled, the amount to be refunded to a customer shall be calculated      
   on a pro-rated basis for the remaining time  the  policy  will  be  in      
   force  limited  to  a  maximum  of  90  days.   Provides that if a fee      
   disclosure to the consumer documents that  the  producer  performed  a      
   service  corresponding  to  the  policy  and provides that the fee was      
   fully earned, the  fee  is  fully  earned  at  the  inception  of  the      
   disclosure statement's execution. Effective immediately.                    
   FEB-07-2002  H  FILED WITH CLERK                                               
   FEB-07-2002  H  ADDED AS A JOINT SPONSOR                 PARKE                 
   FEB-07-2002  H  ADDED AS A JOINT SPONSOR                 MAUTINO               
   FEB-07-2002  H  FIRST READING                                                  
   FEB-07-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-13-2002  H       ASSIGNED TO COMMITTEE               INSURANCE             
   FEB-21-2002  H  DO PASS/SHORT DEBATE                     011-000-002   HINS    
   FEB-21-2002  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAR-20-2002  H  MOTION FILED                             RECOMMIT HB 5800      
   MAR-20-2002  H                                           TO THE RULES          
   MAR-20-2002  H                                           COMMITTEE-BRADLEY     
   MAR-20-2002  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   MAR-22-2002  H  SECOND READING-SHORT DEBATE                                    
   MAR-22-2002  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   APR-05-2002  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary