HB1059 - INS-USE OF CREDIT INFO/AUTO
Illinois - 103rd General Assembly
Introduced byRita Mayfield, Diane Blair-Sherlock
Last updated over 1 year ago
2 Co-Sponsors
Amends the Use of Credit Information in Personal Insurance Act. Provides that, notwithstanding any other law, an insurer authorized to do business in the State may not use the credit information of an applicant or a policyholder as a factor to determine insurance rates for any private passenger automobile insurance policy that is amended, delivered, issued, or renewed on or after the effective date of the amendatory Act. Directs the Department of Insurance to adopt rules to enforce and administer this requirement. Makes a conforming change in a provision concerning the Department's enforcement powers.
STATUS
Introduced
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