Illinois 2023-2024 Regular Session

Illinois House Bill HB3861 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3861 Introduced , by Rep. Harry Benton SYNOPSIS AS INTRODUCED: 215 ILCS 5/143.5 new Amends the Illinois Insurance Code. Requires insurance policies to be written in language easily readable and understandable by a person of average intelligence and education. Provides the factors the Director of Insurance shall consider in making the determination that the policy is easily readable and understandable by a person of average intelligence and education. LRB103 29424 BMS 55815 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3861 Introduced , by Rep. Harry Benton SYNOPSIS AS INTRODUCED: 215 ILCS 5/143.5 new 215 ILCS 5/143.5 new Amends the Illinois Insurance Code. Requires insurance policies to be written in language easily readable and understandable by a person of average intelligence and education. Provides the factors the Director of Insurance shall consider in making the determination that the policy is easily readable and understandable by a person of average intelligence and education. LRB103 29424 BMS 55815 b LRB103 29424 BMS 55815 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3861 Introduced , by Rep. Harry Benton SYNOPSIS AS INTRODUCED:
3	3	215 ILCS 5/143.5 new 215 ILCS 5/143.5 new
4	4	215 ILCS 5/143.5 new
5	5	Amends the Illinois Insurance Code. Requires insurance policies to be written in language easily readable and understandable by a person of average intelligence and education. Provides the factors the Director of Insurance shall consider in making the determination that the policy is easily readable and understandable by a person of average intelligence and education.
6	6	LRB103 29424 BMS 55815 b LRB103 29424 BMS 55815 b
7	7	LRB103 29424 BMS 55815 b
8	8	A BILL FOR
9	9	HB3861LRB103 29424 BMS 55815 b HB3861 LRB103 29424 BMS 55815 b
10	10	HB3861 LRB103 29424 BMS 55815 b
11	11	1 AN ACT concerning regulation.
12	12	2 Be it enacted by the People of the State of Illinois,
13	13	3 represented in the General Assembly:
14	14	4 Section 5. The Illinois Insurance Code is amended by
15	15	5 adding Section 143.5 as follows:
16	16	6 (215 ILCS 5/143.5 new)
17	17	7 Sec. 143.5. Policy readability.
18	18	8 (a) On and after the effective date of this amendatory Act
19	19	9 of the 103rd General Assembly, a policy issued, amended,
20	20	10 renewed, or delivered by an insurance company authorized to do
21	21	11 business in this State shall be written in language easily
22	22	12 readable and understandable by a person of average
23	23	13 intelligence and education.
24	24	14 (b) In determining whether a policy is readable within the
25	25	15 meaning of this Section, the Director shall consider, at
26	26	16 least, the following factors:
27	27	17 (1) the simplicity of the sentence structure and the
28	28	18 shortness of the sentences used;
29	29	19 (2) the extent to which commonly used and understood
30	30	20 words are employed;
31	31	21 (3) the extent to which legal terms are avoided;
32	32	22 (4) the extent to which references to other sections
33	33	23 or provisions of the contract are minimized;
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37	37	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3861 Introduced , by Rep. Harry Benton SYNOPSIS AS INTRODUCED:
38	38	215 ILCS 5/143.5 new 215 ILCS 5/143.5 new
39	39	215 ILCS 5/143.5 new
40	40	Amends the Illinois Insurance Code. Requires insurance policies to be written in language easily readable and understandable by a person of average intelligence and education. Provides the factors the Director of Insurance shall consider in making the determination that the policy is easily readable and understandable by a person of average intelligence and education.
41	41	LRB103 29424 BMS 55815 b LRB103 29424 BMS 55815 b
42	42	LRB103 29424 BMS 55815 b
43	43	A BILL FOR
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49	49	215 ILCS 5/143.5 new
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53	53	LRB103 29424 BMS 55815 b
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63	63	HB3861 LRB103 29424 BMS 55815 b
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66	66	HB3861- 2 -LRB103 29424 BMS 55815 b HB3861 - 2 - LRB103 29424 BMS 55815 b
67	67	HB3861 - 2 - LRB103 29424 BMS 55815 b
68	68	1 (5) the extent to which definitional provisions are
69	69	2 incorporated in the text of the policy or contract; and
70	70	3 (6) any additional factors relevant to the readability
71	71	4 or understandability of an insurance policy or contract
72	72	5 that the Director may prescribe by rule.
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78	78	HB3861 - 2 - LRB103 29424 BMS 55815 b