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IL SB3015

Bill

Official Source

Status

Failed

1/13/2015

Primary Sponsor

Iris Martinez

Click for details

Origin

Senate

98th General Assembly

AI Summary

  • Amends Section 154.8 of the Illinois Insurance Code regarding penalties for improper claims practices by insurance companies
  • Increases the maximum civil penalty that the Director of Insurance may impose from $250,000 to $375,000
  • Maintains existing authority to suspend a company's certificate of authority for up to 6 months or impose civil penalties, or both
  • Director must issue a cease and desist order if improper claims practices are found after a hearing under Section 154.7
  • Orders issued by the Director remain subject to judicial review under Section 407 of the Illinois Insurance Code

Legislative Description

INS CD-CIVIL PENALTY

Last Action

Session Sine Die

1/13/2015

Committee Referrals

Assignments3/28/2014
Insurance2/19/2014
Assignments2/7/2014

Full Bill Text

No bill text available