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IL HB0142

Bill

Official Source

Status

Introduced

1/13/2021

Primary Sponsor

LaShawn Ford

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Amends the Illinois Insurance Code by adding Section 155.47 regarding first-party claimant reimbursement
  • First-party claimants who receive a payment exceeding the insurer's initial offer on a property and casualty claim are entitled to reimbursement of reasonable costs incurred to substantiate the claim
  • Applies to claims that were initially denied in whole or in part but ultimately resulted in a higher payment than originally offered
  • Requires insurers to cover reasonable substantiation costs when the final payment exceeds their initial offer

Legislative Description

INS CD-CLAIMANT REIMBURSEMENT

Last Action

House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

4/23/2021

Committee Referrals

Rules4/23/2021
Insurance3/22/2021
Insurance Special Issues3/9/2021
Insurance2/23/2021
Rules1/14/2021

Full Bill Text

No bill text available