Provisions Applicable to All Companies

What this document is

215 ILCS 5, Article IX - Provisions Applicable to All Companies is a state statute published by Illinois General Assembly, Legislative Reference Bureau (ilga.gov). It is one of the Illinois documents that insurance license exam questions are written from, including illinois life & health, illinois property & casualty, illinois personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 215 ILCS 5 § 154.7 (Statement of Charges)

  “(2) The failure of a company to appear at a hearing after receipt of a statement of the charges and notice of hearing is considered a waiver of notice and hearing, a stipulation that the charges against the company are true, immediately suspends such company's Certificate of Authority for 30 days,...”

• 215 ILCS 5 § 133 (Books, records, accounts and vouchers)

  “All such original books, records, documents, accounts and vouchers, or such reproductions thereof, of the home office of any domestic company or of any principal United States office of a foreign or alien company located in this State shall be preserved and kept available in this State for the...”

• 215 ILCS 5 § 149 (Misrepresentation and defamation prohibited)

  “(2) No such company or officer, director, agent, clerk or employee thereof, or broker shall make any misleading representation or comparison of companies or policies, to any person insured in any company for the purpose of inducing or tending to induce a policyholder in any company to lapse,...”

• 215 ILCS 5 § 154 (Misrepresentations and false warranties)

  “No misrepresentation or false warranty made by the insured or in his behalf in the negotiation for a policy of insurance, or breach of a condition of such policy shall defeat or avoid the policy or prevent its attaching unless such misrepresentation, false warranty or condition shall have been...”

• 215 ILCS 5/155(1) (Attorney fees)

  “Sec. 155. Attorney fees. (1) In any action by or against a company wherein there is in issue the liability of a company on a policy or policies of insurance or the amount of the loss payable thereunder, or for an unreasonable delay in settling a claim, and it appears to the court that such action...”

• 215 ILCS 5/143(1) (Policy forms; life, accident and health)

  “Sec. 143. Policy forms. (1) Life, accident and health. No company transacting the kind or kinds of business enumerated in Classes 1 (a), 1 (b) and 2 (a) of Section 4 shall issue or deliver in this State a policy or certificate of insurance or evidence of coverage, attach an endorsement or rider...”

• 215 ILCS 5/144.1(1) (Insurance sales by insolvent or impaired companies prohibited)

  “Sec. 144.1. Insurance Sales by Insolvent or Impaired Companies Prohibited.) (1) Unless allowed by the Director, no foreign or alien company officer, director, trustee, agent, or employee of such company may renew, issue or deliver or cause to be renewed, issued or delivered, any policy, contract or...”

• 215 ILCS 5/154.5 (Improper claims practices)

  “Sec. 154.5. Improper Claims Practices) It is an improper claims practice for any domestic, foreign or alien company transacting business in this State to commit any of the acts contained in Section 154.6 if: (a) it is committed knowingly in violation of this Act or any rules promulgated hereunder;...”

• 215 ILCS 5/155.43(a), (b) (Misrepresentation of senior-specific certification)

  “Sec. 155.43. Misrepresentation of Senior-Specific Certification. (a) No insurance producer shall use a senior-specific certification or professional designation that indicates or implies in such a way as to mislead a purchaser or prospective purchaser that the insurance producer has a special...”

• 215 ILCS 5/155.46(b) (Prohibition on denial of coverage or increase in premiums for living organ donors)

  “it is unlawful to refuse to insure, to refuse to continue to insure, to limit the amount, extent, or kind of coverage available for life insurance, disability insurance, or long-term care insurance to an individual, or to charge an individual a different rate for the same coverage, solely because...”

• 215 ILCS 5/151(1) (Payment or acceptance of rebates prohibited)

  “No company doing business in this State and no insurance agent or broker shall offer, promise, allow, give, set off or pay, directly or indirectly, any rebate of or part of the premium payable on the policy, or on any policy or agent's commission thereon or earnings, profits, dividends or other...”

• 215 ILCS 5/143a(1) (Uninsured and hit-and-run motor vehicle coverage)

  “Uninsured motor vehicle coverage does not apply to bodily injury, sickness, disease, or death resulting therefrom, of an insured while occupying a motor vehicle owned by, or furnished or available for the regular use of the insured, a resident spouse or resident relative, if that motor vehicle is...”

Practice this material

Questions about this source

More Illinois sources

• 50 Ill. Adm. Code Part 2904 - Assigned Risk Procedures, workers' compensation (complete Part: Secs. 2904.10 through 2904.240, 24 sections)Regulation
• 50 Ill. Adm. Code Part 3113 - Premium Fund Trust Account (complete Part: Secs. 3113.10 through 3113.70 and Exhibit A, 8 sections)Regulation
• 50 Ill. Adm. Code Part 919 - Improper Claims Practice (complete Part: Secs. 919.10 through 919.100 and Exhibit A, 11 sections)Regulation
• 50 Ill. Adm. Code Part 924 - Equipment Exclusion (complete Part: Secs. 924.10 through 924.50, 5 sections)Regulation
• 215 ILCS 157, Use of Credit Information in Personal Insurance Act (complete Act, Secs. 1 through 99, 15 sections)State statute
• 215 ILCS 5/ Illinois Insurance Code, Article XXVI - Unfair Methods of Competition and Unfair and Deceptive Acts and Practices (Secs. 421-434)State statute
• 215 ILCS 5/ Illinois Insurance Code, Article XXXI - Insurance Producers (selected Secs. 500-15 through 500-120)State statute
• 215 ILCS 5, Article VIIA - Advisory Organizations (Secs. 123A-1 through 123A-15, 15 sections)State statute