reglab/housing_qa huggingface dataset:
215 ILCS 5/155.44
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX - Provisions Applicable To All Companies

Sec. 155.44. Financial requirements; large deductible agreements for workers' compensation insurance.(a) An insurer shall:(1) require full collateralization of the outstanding     obligations owed under a large deductible agreement by using one of the following methods:(A) a surety bond issued by a surety insurer         authorized to transact business by the Department and whose financial strength and size ratings from A.M. Best Company are not less than "A" and "V", respectively;(B) an irrevocable letter of credit issued by a         financial institution with an office physically located within the State and the deposits of which are federally insured; or(C) cash or securities held in trust by a third         party or by the insurer and subject to a trust agreement for the express purpose of securing the policyholder's obligation under a large deductible agreement, provided that if the assets are held by the insurer those assets are not commingled with the insurer's other assets; and(2) limit the size of the policyholder's obligations     under a large deductible agreement to no greater than 20% of the total net worth of the policyholder at each policy inception, as determined by an audited financial statement as of the most recently available fiscal year end.(b) As used in this Section, "insurer" means any insurer authorized to issue a workers' compensation policy covering risks located in this State that has an A.M. Best Company rating below "A-" and does not have at least $200,000,000 in surplus.(c) As used in this Section, "large deductible agreement" means any combination of one or more policies, endorsements, contracts, or security agreements which provide for the policyholder to bear the risk of loss of $100,000 or greater per claim or occurrence covered under a policy of workers' compensation insurance and which may be subject to the aggregate limit of policyholder reimbursement obligations.(d) Except when approved by the Director of Insurance, any insurer determined to be in a financially hazardous condition pursuant to Article XII 1/2 or XIII of this Code by the Director of Insurance in this State or the equivalent in any other state is prohibited from issuing or renewing a policy that includes a large deductible agreement.(e) This Section applies to large deductible agreements issued or renewed by any insurer on or after January 1, 2016.   (Source: P.A. 99-369, eff. 8-14-15.)
215 ILCS 5/155.46
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX - Provisions Applicable To All Companies

Sec. 155.46. Prohibition on denial of coverage or increase in premiums for living organ donors.(a) As used in this Section:"Human organ" means all or part of a human's liver, pancreas, kidney, intestine, lung, blood, plasma, skin, or bone marrow."Living organ donor" means an individual who has donated all or part of a human organ and is not deceased."Disability insurance policy" means a contract under which an entity promises to pay a person a sum of money if an illness or injury resulting in a disability prevents that person from working."Life insurance policy" means a contract under which an entity promises to pay a designated beneficiary a sum of money upon the death of the insured."Long-term care insurance policy" means a contract for which the only insurance protection provided under the contract is coverage of qualified long-term care services.(b)   Notwithstanding any other provision of law, 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 of the individual's status as a living organ donor.(c)   With respect to all other conditions, persons who are living organ donors shall be subject to the same standards of sound actuarial principles or actual or reasonably anticipated experience as are persons who are not organ donors.   (Source: P.A. 101-179, eff. 1-1-20.)
215 ILCS 5/155.47
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX - Provisions Applicable To All Companies

Sec. 155.47. Prohibited practices relating to substance use disorder treatment.(a)   As used in this Section, "recovery support", "substance use disorder", and "treatment" have the meanings set forth in the Substance Use Disorder Act.(b)   A company authorized to transact life insurance in this State may not, based solely on whether an individual has participated in a substance use treatment or recovery support program no less than 5 years before application:(1)   deny coverage to the individual;(2)   limit the amount, extent, or kind of coverage     available to the individual; or(3)   charge the individual or a group to which the     individual belongs a rate that is different from the rate charged to other individuals or groups, respectively, for the same coverage, unless the charge is based on sound underwriting or actuarial principles reasonably related to actual or anticipated loss experience for a particular risk. (Source: P.A. 102-107, eff. 1-1-22.)
215 ILCS 5/155.48
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX - Provisions Applicable To All Companies

(215 ILCS 5/155.48)Sec. 155.48. Prohibited practices relating to prescription for or obtainment of opioid antagonist.(a) As used in this Section, "opioid antagonist" means any drug that binds to opioid receptors and blocks or otherwise inhibits the effects of opioids acting on those receptors to reverse the effects of an opioid overdose.(b) A company authorized to transact life insurance in this State may not, based solely on whether an individual has been prescribed or has obtained through a standing order an opioid antagonist:(1) deny coverage to the individual;(2) limit the amount, extent, or kind of coverage     available to the individual; or(3) charge the individual or a group to which the     individual belongs a rate that is different from the rate charged to other individuals or groups, respectively, for the same coverage, unless the charge is based on sound underwriting or actuarial principles reasonably related to actual or anticipated loss experience for a particular risk. (Source: P.A. 102-107, eff. 1-1-22.)
215 ILCS 5/Art. IX.5 heading
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 ARTICLE IX 1/2.      CREDIT LIFE AND CREDIT ACCIDENT AND HEALTH INSURANCE
215 ILCS 5/155.51
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.51)Sec. 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 health insurance.  Nothing in this Article is intended to prohibit or discourage reasonable  competition.  The provisions of this Article are to be liberally construed.(b) All life insurance and all accident and health insurance sold, or  otherwise made effective, in connection with loans or other credit transactions  of less than 10 years  duration is subject to this Article.  Such insurance sold in connection with  a loan or other credit transaction of 10 years duration or more is not  subject to this Article.      (Source: P.A. 79-930.)
215 ILCS 5/155.52
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.52)Sec. 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 with a specific loan or other credit  transaction;(b) "Credit Accident and health insurance" means insurance on a debtor  to provide indemnity for payments becoming due on a specific loan or other  credit transaction while the debtor is a person with a disability as defined in the policy;(c) "Creditor" means the lender of money or vendor or lessor of goods,  services, property, rights or privileges, for which payment is arranged  through a credit transaction or any successor to the right, title or  interest of any such lender, vendor or lessor, and an affiliate, associate  or subsidiary of any of them or any director, officer or employee of any of  them or any other person in any way associated with any of them;(d) "Debtor" means a borrower of money or a purchaser or lessee of  goods, services, property, rights or privileges for which payment is  arranged through a credit transaction;(e) "Indebtedness" means the total amount payable by a debtor to a  creditor in connection with a loan or other credit transaction;(f) "Director" means the Director of Insurance of the State of Illinois.  (Source: P.A. 99-143, eff. 7-27-15.)
215 ILCS 5/155.53
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.53)Sec. 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 in the following forms:(a) Individual policies of life insurance issued to debtors on the term  plan;(b) Individual policies of accident and health insurance issued to  debtors on a term plan or disability benefit provisions in individual  policies of credit life insurance;(c) Group policies of life insurance issued to creditors providing  insurance upon the lives of debtors on the term plan;(d) Group policies of accident and health insurance issued to creditors  on a term plan insuring debtors or disability benefit provisions in group  credit life insurance policies to provide such coverage.      (Source: Laws 1959, p. 1140.)
215 ILCS 5/155.54
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.54)Sec. 155.54.         Amount of credit life insurance and credit accident and health  insurance.)  (a) Credit Life InsuranceThe amount of credit life insurance shall not exceed the initial indebtedness.Where an indebtedness is repayable in substantially equal installments,  the amount of insurance shall at no time exceed the scheduled or actual  amount of unpaid indebtedness, whichever is greater.(b) Credit Accident and Health InsuranceThe total amount of indemnity payable by credit accident and health insurance  in the event of disability, as defined in the policy, shall not exceed the  aggregate of the periodic scheduled unpaid installments of the indebtedness  and the amount of each periodic indemnity payment shall not exceed the original  indebtedness divided by the number of periodic installments.       (Source: P.A. 79-930.)
215 ILCS 5/155.55
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.55)Sec. 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 shall, subject to acceptance by the insurer, commence on the date  when the debtor becomes obligated to the creditor, or the date from which  interest or finance charges accrue, if later, except that, where a group  policy provides coverage with respect to existing obligations, the  insurance on a debtor with respect to such indebtedness shall commence on  the effective date of the policy. Where evidence of insurability is  required and such evidence is furnished more than 30 days after the date  when the debtor becomes obligated to the creditor, the term of the  insurance may commence on the date on which the insurer determines the  evidence to be satisfactory, and in such event there shall be an  appropriate refund or adjustment of any charge to the debtor for insurance.  The term of such insurance shall not extend more than 15 days beyond the  scheduled maturity date of the indebtedness except when extended without  additional cost to the debtor. If the indebtedness is discharged due to  renewal or refinancing prior to the scheduled maturity date, the insurance  in force shall be terminated before any new insurance may be issued in  connection with the renewed or refinanced indebtedness. In all cases of  termination prior to scheduled maturity, a refund shall be paid or credited  as provided in Section 155.58.    (Source: Laws 1959, p. 1140.)
215 ILCS 5/155.56
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.56)Sec. 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 evidenced by an individual policy, or in the case of group  insurance by a certificate of insurance, which individual policy or group  certificate of insurance shall be delivered to the debtor.(b) Each individual policy or group certificate of credit life  insurance, and/or credit accident and health insurance shall, in addition  to other requirements of law, set forth, the name and home office address  of the insurer, and the identity by name or otherwise of the person or  persons insured, the rate or amount of payment, if any, by the debtor  separately for credit life insurance and credit accident and health  insurance, a description of the amount, term and coverage including any  exceptions, limitations or restrictions, and shall state that the benefits  shall be paid to the creditor to reduce or extinguish the unpaid  indebtedness and, wherever the amount of insurance may exceed the unpaid  indebtedness, that any such excess shall be payable to a beneficiary, other  than the creditor, named by the debtor or to his estate.(c) Said individual policy or group certificate of insurance shall be  delivered to the insured debtor at the time the indebtedness is incurred  except as hereinafter provided.(d) If said individual policy or group certificate of insurance is not  delivered to the debtor at the time the indebtedness is incurred, a copy of  the application for such policy or a notice of proposed insurance, signed  by the debtor and setting forth the name and home office address of the  insurer, the identity by name or otherwise of the person or persons  insured, the rate or amount of payment by the debtor, if any, separately  for credit life insurance and credit accident and health insurance, a  description of the amount, term and coverage provided, shall be delivered  to the debtor at the time such indebtedness is incurred. The copy of the  application for, or notice of proposed insurance shall refer exclusively to  insurance coverage, and shall be separate and apart from the loan, sale or  other credit statement of account, instrument or agreement, unless the  information required by this subsection is prominently set forth therein.  Upon acceptance of the insurance by the insurer and within 30 days of the  date upon which the indebtedness is incurred, the insurer shall cause the  individual policy or group certificate of insurance to be delivered to the  debtor. Said application or notice of proposed insurance shall state that  upon acceptance by the insurer, the insurance shall become effective as  provided in Section 155.55.    (Source: Laws 1959, p. 1140.)
215 ILCS 5/155.58
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.58)Sec. 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 premium  rates for use in connection with such insurance. Any insurer may revise  such schedules from time to time, and shall file such revised schedules  with the Director. No insurer shall issue any credit life insurance policy  or credit accident and health insurance policy for which the premium rate  exceeds that determined by the schedules of such insurer as then on file  with the Director. The Director may require the filing of the schedule of  premium rates for use in connection with and as a part of the specific  policy filings as provided by Section 155.57.(b) Each individual policy, group certificate or notice of proposed  insurance shall provide that in the event of termination of the insurance  prior to the scheduled maturity date of the indebtedness, any refund of an  amount paid by the debtor for insurance shall be paid or credited promptly  to the person entitled thereto; provided, however, that the Director shall  prescribe a minimum refund and no refund which would be less than such  minimum need be made. The formula to be used in computing such refund shall  be filed with and approved by the Director.(c) If a creditor requires a debtor to make any payment for credit life  insurance or credit accident and health insurance and an individual policy  or group certificate of insurance is not issued, the creditor shall  immediately give written notice to such debtor and shall promptly make an  appropriate credit to the account.(d) The amount charged to a debtor for credit life or credit health and  accident insurance shall not exceed the premium charged by the insurer, as  computed at the time the charge to the debtor is determined.(e) Nothing in this Article shall be construed to authorize any payments  for insurance now prohibited under any statute, or rule thereunder,  governing credit transactions.    (Source: Laws 1959, p. 1140.)
215 ILCS 5/155.59
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.59)Sec. 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 state only by  an insurer authorized to do an insurance business herein, and shall be  issued only through licensed agents or brokers.    (Source: Laws 1959, p. 1140.)
215 ILCS 5/155.60
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.60)Sec. 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. All claims shall be settled as soon as possible and in  accordance with the terms of the insurance contract.(b) All claims shall be paid either by draft drawn upon the insurer or  by check of the insurer to the order of the claimant to whom payment of the  claim is due pursuant to the policy provisions, or upon direction of such  claimant to one specified.(c) No plan or arrangement shall be used whereby any person, firm or  corporation other than the insurer or its designated claim representative  shall be authorized to settle or adjust claims. The creditor shall not be  designated as claim representative for the insurer in adjusting claims;  provided, that a group policyholder may, by arrangement with the group  insurer, draw drafts or checks in payment of claims due to the group  policyholder subjects to audit and review by the insurer.    (Source: Laws 1959, p. 1140.)
215 ILCS 5/155.61
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.61)Sec. 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 shall,  upon request to the creditor, have the option of furnishing the required  amount of insurance through existing policies of insurance owned or  controlled by him or of procuring and furnishing the required coverage  through any insurer authorized to transact an insurance business within  this state.    (Source: Laws 1959, p. 1140.)
215 ILCS 5/155.62
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.62)Sec. 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 there has been a violation of this Article or any rules or  regulations issued pursuant thereto, and after written notice thereof and  hearing given to the insurer or other person authorized or licensed by the  Director, he shall set forth the details of his findings together with an  order for compliance by a specified date. Such order shall be binding on  the insurer and other person authorized or licensed by the Director on the  date specified unless sooner withdrawn by the Director or a stay thereof  has been ordered by a court of competent jurisdiction.    (Source: Laws 1959, p. 1140.)
215 ILCS 5/155.63
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.63)Sec. 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 set forth in  Section 407 of the Illinois Insurance Code.    (Source: Laws 1959, p. 1140.)
215 ILCS 5/155.64
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

 (from Ch. 73, par. 767.64)Sec. 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, and while such  order is in effect, shall, upon proof thereof to the satisfaction of the  court, forfeit and pay to the State of Illinois a sum not to exceed $250.00  which may be recovered in a civil action, except that if such violation is  found to be willful, the amount of such penalty shall be a sum not to  exceed $1,000.00. The Director in his discretion, may revoke or suspend the  license or certificate of authority of a person guilty of such violation.  Such order for suspension or revocation shall be upon notice and hearing,  and shall be subject to judicial review as provided in Section 155.63 of  this Article.    (Source: Laws 1959, p. 1140.)
215 ILCS 5/155.65
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX 1/2 - Credit Life and Credit Accident and Health Insurance

(215 ILCS 5/155.65) (from Ch. 73, par. 767.65)Sec. 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 remainder of the  Article, and the application of such provision to any person or  circumstances other than those as to which it is held invalid, shall not be  affected thereby.    (Source: Laws 1959, p. 1140.)
215 ILCS 5/Art. X heading
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article X - Merger, Consolidation Or Plans Of Exchange

 ARTICLE X.      MERGER, CONSOLIDATION OR PLANS OF EXCHANGE