House Sponsors: SCHOENBERG. Short description: LIFE INS-NOTICE TO INSURED Synopsis of Bill as introduced: Amends the Illinois Insurance Code. Provides that when a company issues a policy of life insurance covering the life of a person other than the person purchasing the policy, the company must notify the person whose life is covered within 15 days after the issuance of the policy. FISCAL NOTE (Dept. of Insurance) HB120 will have no fiscal impact on the Dpt. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status