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HB2425 ~~Engrossed~~ LRB104 11854 BAB 21944 b AN ACT concerning regulation.

HB2425 Enrolled LRB104 11854 BAB 21944 b AN ACT concerning regulation.

(b) No life company shall make or permit any distinction or discrimination against individuals with disabilities in the amount of payment of premiums or rates charged for policies of life insurance, in the amount of any dividends or death benefits payable thereon, or in any other terms and conditions of the contract it makes unless the rate differential is based on sound actuarial principles and a reasonable system of classification and is related to actual or reasonably HB2425 ~~Engrossed~~ - 2 - LRB104 11854 BAB 21944 b anticipated experience directly associated with the disability.

(b) No life company shall make or permit any distinction or discrimination against individuals with disabilities in the amount of payment of premiums or rates charged for policies of life insurance, in the amount of any dividends or death benefits payable thereon, or in any other terms and conditions of the contract it makes unless the rate differential is based on sound actuarial principles and a reasonable system of classification and is related to actual or reasonably HB2425 Enrolled - 2 - LRB104 11854 BAB 21944 b anticipated experience directly associated with the disability.

(e) An insurer or producer authorized to issue policies of insurance in this State may not make a distinction or HB2425 ~~Engrossed~~ - 3 - LRB104 11854 BAB 21944 b otherwise discriminate between persons, reject an applicant, cancel a policy, or demand or require a higher rate of premium for reasons based solely upon an applicant's or insured's past lawful travel experiences or future lawful travel plans.

(e) An insurer or producer authorized to issue policies of insurance in this State may not make a distinction or HB2425 Enrolled - 3 - LRB104 11854 BAB 21944 b otherwise discriminate between persons, reject an applicant, cancel a policy, or demand or require a higher rate of premium for reasons based solely upon an applicant's or insured's past lawful travel experiences or future lawful travel plans.

As used in this subsection, "final expense policy" means a policy marketed and sold exclusively to cover costs associated with funeral and burial HB2425 ~~Engrossed~~ - 4 - LRB104 11854 BAB 21944 b expenses.

As used in this subsection, "final expense policy" means a policy marketed and sold exclusively to cover costs associated with funeral and burial HB2425 Enrolled - 4 - LRB104 11854 BAB 21944 b expenses.