(815 ILCS 405/9) (from Ch. 121 1/2, par. 509)
Sec. 9.
The seller may not decline existing insurance written by an
insurance company authorized to do business in this State and must afford
the buyer the privilege of purchasing any required insurance from or
through an insurance company, broker or agent of his own selection, if the
insurance company is approved by the holder.
All insurance which is purchased by the holder and for which an amount is
included in a contract or charge agreement must be written by an insurance
company authorized to do business in this State. The holder of a contract
or charge agreement which includes an amount for insurance purchased by the
seller or holder must, within 30 days after the date of the contract or
charge agreement, cause to be sent to the buyer the policies or
certificates of insurance clearly setting forth the amount of the premium,
the types of insurance, the coverages and all the terms, exceptions,
limitations, restrictions and conditions of the insurance or, in respect to
group credit life insurance and credit accident and health insurance, a
notice or statement for that insurance clearly setting forth the name of
the insurer, the identity of the insured buyer by name or otherwise and a
description of the coverage.
(Source: P.A. 90-437, eff. 1-1-98.)
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