Senate Sponsors: MADIGAN,R. House Sponsors: BUGIELSKI-LANG-BRADY-O'CONNOR-MITCHELL,BILL Short description: INSURANCE NONRENEWAL NOTICE Synopsis of Bill as introduced: Amends the Illinois Insurance Code. Makes a technical change in a Section concerning notice of intention not to renew. SENATE AMENDMENT NO. 1. Adds reference to: 215 ILCS 5/143.11b new 215 ILCS 5/143.13 from Ch. 73, par. 755.13 Replaces the title and everything after the enacting clause. Amends the Illinois Insurance Code to provide that the assignment or transfer of a policy of insurance among insurers within a holding company or as the result of a merger, acquisition, or company restructuring is not a cancellation or nonrenewal and does not require notice to the insured unless the premium is increased by at least 30% or the coverage and deductibles are materially altered. Provides that an insurance company does not have to comply with certain requirements for notices of intention not to renew if the company has manifested its willingness to renew directly to the named insured; however, the company may not impose changes in deductibles or coverage for policy forms applicable to entire lines of certain businesses without notice. HOUSE AMENDMENT NO. 2. Deletes reference to: 215 ILCS 5/143.11b new Deletes provisions specifying that certain transfers or assignments of policies do not constitute a cancellation or nonrenewal of the policies. Last action on Bill: PUBLIC ACT.............................. 91-0597 Last action date: 99-08-14 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1 END OF INQUIRY Full Text Bill Status