Illinois SB 4006: INC TX-EMPLOYMENT CREDIT

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 Senate Amendment 001 
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SB4006 EnrolledLRB104 19837 BAB 33287 b

1 AN ACT concerning regulation. 

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Insurance Code is amended by 

5changing Sections 143.16 and 143.17 and by adding Section 

6143.21e and Article XLVIII as follows:

7 (215 ILCS 5/143.16) (from Ch. 73, par. 755.16)

8 Sec. 143.16. Mailing of cancellation notice. All notices 

9of cancellation of insurance to which Section 143.11 applies, 

10except for those defined in subsections (a), (b) and (c) of 

11Section 143.13 must be mailed at least 30 days prior to the 

12effective date of cancellation during the first 60 days of 

13coverage. After the coverage has been effective for 61 days or 

14more, all notices must be mailed at least 60 days prior to the 

15effective date of cancellation. However, where cancellation is 

16for nonpayment of premium, the notice of cancellation must be 

17mailed at least 10 days before the effective date of the 

18cancellation. All such notices shall include a specific 

19explanation of the reason or reasons for cancellation and 

20shall be mailed to the named insured at the last mailing 

21address known to the company. For purposes of this Section, 

22the mortgagee or lien holder, if known, may opt to accept 

23notification electronically. 

SB4006 Enrolled- 2 -LRB104 19837 BAB 33287 b

1(Source: P.A. 100-475, eff. 1-1-18.)

2 (215 ILCS 5/143.17) (from Ch. 73, par. 755.17)

3 Sec. 143.17. Notice of intention not to renew. 

4 a. No company shall fail to renew any policy of insurance, 

5as defined in subsect