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IL SB1706
Bill
Status
Failed
1/9/2019
Primary Sponsor
Jacqueline Collins
Click for details
AI Summary
- Amends the Use of Credit Information in Personal Insurance Act (215 ILCS 157/15) to make a technical change to the definitions section
- Changes the phrase "For the purposes of this Act, these defined words have the following meanings" by removing a redundant use of the word "the"
- Provides definitions for key terms including "adverse action," "affiliate," "applicant," "consumer," "consumer reporting agency," "credit information," "credit report," "department," and "insurance score"
- Defines "credit information" as credit-related information derived from credit reports or applications, explicitly excluding non-credit-related information
- Defines "insurance score" as a rating derived from an algorithm based on credit information used to predict future insurance loss exposure
Legislative Description
REGULATION-TECH
Last Action
Session Sine Die
1/9/2019
Committee Referrals
Assignments4/7/2017
Insurance2/28/2017
Assignments2/9/2017
Full Bill Text
No bill text available