INS EXPLAIN UNDERINSURANCE
Synopsis of Bill as introduced:
Amends the Illinois Insurance Code. Requires insurers to provide
a written explanation of underinsured motorist coverage to their
insureds. Effective immediately.
SENATE AMENDMENT NO. 1.
Requires insurers to provide a brief description, rather than a
written explanation, of underinsured motorist coverage. Requires the
explanation to be given upon the issuance of a policy occurring after
the effective date of this amendatory Act. Removes requirement that
the explanation be provided at renewal, reinstatement, or reissuance
of a policy.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status