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IL HB5839

Bill

Official Source

Status

Failed

1/8/2013

Primary Sponsor

JoAnn Osmond

Click for details

Origin

House of Representatives

97th General Assembly

AI Summary

  • Amends the Use of Credit Information in Personal Insurance Act to require insurers to recalculate an insured's insurance score upon request, no more than once annually.

  • Insurers must use the recalculated score to determine if the insured qualifies for a reduction in their premium rate.

  • Applies to all insurers authorized to do business in Illinois that use credit information for underwriting or rating personal insurance risks.

Legislative Description

USE OF CREDIT INFO-RECALCULATE

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Rules2/16/2012

Full Bill Text

No bill text available