SB 520

  • Illinois Senate Bill
  • 95th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Ins Cd-Commissions

Abstract

Amends the Illinois Insurance Code. Provides that when an insurance producer or business entity charges any fee or compensation separate from commissions deductible from, or directly attributable to, premiums on insurance policies or contracts, it must provide written disclosure to the consumer or contracting party that clearly specifies the amount or extent of the compensation or fee prior to the delivery of the corresponding policy or the performance of the service (now, only the delivery of the corresponding policy). Makes a technical change. Effective immediately.

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Jan 13, 2009

Senate

Session Sine Die

Mar 16, 2007

Senate

Rule 3-9(a) / Re-referred to Rules

Mar 15, 2007

Senate

Postponed - Insurance

Mar 08, 2007

Senate

Postponed - Insurance

Feb 21, 2007

Senate

Assigned to Insurance

Feb 08, 2007

Senate

Filed with Secretary by Sen. Mike Jacobs

Senate

Referred to Rules

Senate

First Reading

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