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92_HB0800ham001
LRB9207630JScsam02
1 AMENDMENT TO HOUSE BILL 800
2 AMENDMENT NO. . Amend House Bill 800 on page 1, line
3 15, by changing "an" to "a registered firm"; and
4 on page 1, line 16, by deleting "insurance producer"; and
5 on page 1 by inserting immediately below line 17 the
6 following:
7 "For purposes of this Section only, a registered firm
8 also includes a sole proprietorship that transacts the
9 business of insurance as an insurance agency."; and
10 on page 1, line 21, by changing "an" to "a registered firm";
11 and
12 on page 1, line 22, by deleting "insurance producer"; and
13 on page 1, line 26, by changing "insurance producer" to
14 "registered firm"; and
15 on page 2, line 6, by changing "insurance producer" to
16 "registered firm"; and
17 on page 2, line 14, by changing "agent" to "producer"; and
18 on page 2, line 16, by changing "business" to "coverage"; and
19 on page 2, line 22, by changing "for" to "or primarily for";
-2- LRB9207630JScsam02
1 and
2 on page 2, line 23, by deleting "or"; and
3 on page 2, line 24, by changing "health" to "accident and
4 health"; and
5 on page 2 by replacing line 25 with the following:
6 "insurance;
7 (5) when the independent insurance producer is in
8 default for nonpayment of premiums under the contract
9 with the insurer; or
10 (6) to any insurance company's obligations under
11 Sections 143.17 and 143.17a of this Code."; and
12 on page 2 by inserting immediately below line 28 the
13 following:
14 "For purposes of this Section, an insurance producer
15 shall be deemed to have agreed to act primarily for one
16 company or a group of affiliated insurance companies if the
17 producer (i) receives 75% or more of his or her insurance
18 related commissions from one company or a group of affiliated
19 companies or (ii) places 75% or more of his or her policies
20 with one company or a group of affiliated companies."; and
21 on page 2 by deleting line 34; and
22 on page 3 by deleting lines 1 and 2.
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