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IL SB1445
Bill
AI Summary
- Amends Section 143.15 of the Illinois Insurance Code regarding mailing of insurance cancellation notices
- Requires cancellation notices be mailed at least 30 days prior to cancellation effective date to the named insured and mortgagee or lien holder
- Requires all cancellation notices include a specific explanation of the reason(s) for cancellation
- Reduces notice period to 10 days for cancellations due to nonpayment of premium
- Permits mortgagees or lien holders to opt for electronic notification instead of mailed notices
Legislative Description
REGULATION-TECH
Last Action
Session Sine Die
1/9/2019
Committee Referrals
Assignments2/9/2017
Full Bill Text
No bill text available