SB1769 amends the Illinois Insurance Code to allow insurers and producers to offer value-added products or services at no or reduced cost, provided.
SB1769 amends the Illinois Insurance Code to allow insurers and producers to offer value-added products or services at no or reduced cost, provided they meet specific criteria and are not unfairly discriminatory. These products or services must relate to the insurance coverage and be primarily designed to satisfy criteria such as providing loss mitigation, reducing claim costs, or enhancing health. Insurers or producers may also offer non-cash gifts, items, or services, including meals or charitable donations, as long as the cost is reasonable and the offer is not unfairly discriminatory.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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