<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 2016   </title>
<shortdesc>INS-PRODUCER DISCLOSURES</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Susan Garrett</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>215 ILCS 5/500-147 new</reference><aliasreference></aliasreference><reference>815 ILCS 505/2Z</reference><aliasreference>from Ch. 121 1/2, par. 262Z</aliasreference><reference>815 ILCS 505/10b</reference><aliasreference>from Ch. 121 1/2, par. 270b</aliasreference><SynopsisText>Amends the Illinois Insurance Code. Requires certain insurance producers to disclose to the customer any compensation the producer receives from an insurer or third party. Grants customers the right to request additional information. Makes a violation a violation of the Consumer Fraud and Deceptive Business Practices Act. Amends the Consumer Fraud and Deceptive Business Practices Act to include the violations and to delete a provision exempting certain acts of insurance producers, registered firms, and limited insurance representatives from the Act. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/25/2005</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Susan Garrett</action>
<statusdate>2/25/2005</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/25/2005</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>3/2/2005</statusdate><chamber>Senate</chamber><action>Assigned to Insurance</action>
<statusdate>3/9/2005</statusdate><chamber>Senate</chamber><action>Postponed - Insurance</action>
<statusdate>3/17/2005</statusdate><chamber>Senate</chamber><action>Held in Insurance</action>
<statusdate>3/18/2005</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Rules</action>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

