SB 520 — INS CD-COMMISSIONS
Last action — Session Sine Die
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 95th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Amends the Illinois Insurance Code. Provides that when an insurance producer or business entity charges any fee or compensation separate from commissions deductible from, or directly attributable to, premiums on insurance policies or contracts, it must provide written disclosure to the consumer or contracting party that clearly specifies the amount or extent of the compensation or fee prior to the delivery of the corresponding policy or the performance of the service (now, only the delivery of the corresponding policy). Makes a technical change. Effective immediately.
Bill Text
- Introduced View text Current html
Action History
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Session Sine Die
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Rule 3-9(a) / Re-referred to Rules
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Postponed - Insurance
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Postponed - Insurance
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Assigned to Insurance
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Referred to Rules
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First Reading
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Filed with Secretary by Sen. Mike Jacobs
Sponsors
- Paul Jacobs · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 1 co-sponsors · 182 not signed on
Sponsors (0)
None.
Co-sponsors (1)
- Paul Jacobs Republican
Not signed on (182)
182 members have not signed on to this bill.
Show all 182 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SB 520 do?
- Amends the Illinois Insurance Code. Provides that when an insurance producer or business entity charges any fee or compensation separate from commissions deductible from, or directly attributable to, premiums on insurance policies or contracts, it must provide written disclosure to the consumer or contracting party that clearly specifies the amount or extent of the compensation or fee prior to the delivery of the corresponding policy or the performance of the service (now, only the delivery of the corresponding policy). Makes a technical change. Effective immediately.
- Who sponsors SB 520?
- SB 520 is sponsored by Paul Jacobs (Republican).
- What is the current status of SB 520?
- This bill died with 95th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 520?
- Track SB 520 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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