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IL SB3674
Bill
Status
Failed
1/13/2021
Primary Sponsor
Dave Syverson
Click for details
AI Summary
- Amends Section 143.15 of the Illinois Insurance Code regarding notices of cancellation of insurance policies
- Makes a technical change to the language referencing subsections (a), (b), and (c) of Section 143.13
- Maintains existing requirements that cancellation notices must be mailed at least 30 days prior to cancellation, or 10 days for nonpayment of premium
- Preserves requirement that cancellation notices include a specific explanation of the reason or reasons for cancellation
- Allows mortgagees or lien holders to opt to receive cancellation notifications electronically
Legislative Description
REGULATION-TECH
Last Action
Session Sine Die
1/13/2021
Committee Referrals
Assignments2/14/2020
Full Bill Text
No bill text available