Illinois Compiled Statutes 215 Insurance: Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

• Illinois Insurance Code. - 215 ILCS 5, Section 155.51
  Purpose and scope.) (a) The purpose of this Article is to promote the public welfare by regulating credit life insurance and credit accident and...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.52
  Definitions. For the purpose of this Article: (a) "Credit life insurance" means insurance on the life of a debtor pursuant to or in connection...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.53
  Forms of credit life insurance and credit accident and health insurance.) Credit life insurance and credit accident and health insurance shall be issued only...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.54
  Amount of credit life insurance and credit accident and health insurance.) (a) Credit Life Insurance The amount of credit life insurance shall not exceed...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.55
  Term of credit life insurance and credit accident and health insurance. The term of any credit life insurance or credit accident and health insurance...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.56
  Provisions of policies and certificates of insurance; disclosure to debtors. (a) All credit life insurance and credit accident and health insurance sold shall be...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.57
  Filing, approval and withdrawal of forms.) (a) All policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements and riders delivered or...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.58
  Premiums and refunds. (a) Each insurer issuing credit life insurance or credit accident and health insurance shall file with the Director its schedules of...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.59
  Issuance of policies. All policies of credit life insurance and credit accident and health insurance shall be delivered or issued for delivery in this...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.60
  Claims. (a) All claims shall be promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files....
• Illinois Insurance Code. - 215 ILCS 5, Section 155.61
  Existing insurance-Choice of insurer. When credit life insurance or credit accident and health insurance is required as additional security for any indebtedness, the debtor...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.62
  Enforcement. The Director may, issue such rules and regulations as he deems appropriate for the administration of this Article. Whenever the Director finds that...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.63
  Judicial review. Any party to the proceeding affected by an order of the Director shall be entitled to judicial review by following the procedure...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.64
  Penalties. In addition to any other penalty provided by law, any person who violates an order of the Director after it has become final,...
• Illinois Insurance Code. - 215 ILCS 5, Section 155.65
  Separability provision. If any provision of this Article, or the application of such provision to any person or circumstances, shall be held invalid, the...

Last modified: February 18, 2015