Illinois Compiled Statutes 215 Insurance: Article -

• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 1
  Short title. This Act may be cited as the Use of Credit Information in Personal Insurance Act. (Source: P.A. 93-114, eff. 10-1-03.)
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 5
  Purpose. The purpose of this Act is to regulate the use of credit information for personal insurance so that consumers are afforded certain protections...
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 10
  Scope. This Act applies to personal insurance and not to commercial insurance. For purposes of this Act, "personal insurance" means private passenger automobile, homeowners,...
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 15
  Definitions. For the purposes of this Act, these defined words have the following meanings: "Adverse action" means a denial or cancellation of, an increase...
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 20
  Use of credit information. (a) An insurer authorized to do business in this State that uses credit information to underwrite or rate risks shall not:...
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 22
  Extraordinary life events. (a) An insurer authorized to do business in this State that uses credit information to underwrite or rate risks shall review and...
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 25
  Dispute resolution and error correction. If it is determined through the dispute resolution process set forth in the federal Fair Credit Reporting Act, 15...
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 30
  Initial notification. (a) If an insurer writing personal insurance uses credit information in underwriting or rating a consumer, the insurer or its agent shall...
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 35
  Adverse action notification. If an insurer takes an adverse action based upon credit information, the insurer must meet all of the notice requirements of...
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 40
  Filing. (a) Insurers that use insurance scores to underwrite and rate risks must file their scoring models (or other scoring processes) with the Department....
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 45
  Enforcement; rates not regulated. (a) The Department shall enforce the provisions of this Act pursuant to the enforcement powers granted to it under the...
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 50
  Sale of policy term information by consumer reporting agency. (a) No consumer reporting agency shall provide or sell data or lists that include any...
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 55
  Severability. If any Section, paragraph, sentence, clause, phrase, or part of this Act is declared invalid due to an interpretation of or a future...
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 95
  The Illinois Insurance Code is amended by repealing Section 155.38. (Source: P.A. 93-114, eff. 10-1-03.)
• Illinois Use of Credit Information in Personal Insurance Act. - 215 ILCS 157, Section 99
  Effective date. This Act takes effect on October 1, 2003. (Source: P.A. 93-114, eff. 10-1-03.)

Last modified: February 18, 2015