SB2440 clarifies that the Illinois Insurance Code does not apply to transportation protection agreements sold by sellers.
SB2440 amends the Illinois Funeral or Burial Funds Act to define "transportation protection agreement" and clarify that the Illinois Insurance Code does not apply to such agreements sold by any seller. The bill also specifies that certain items, like merchandise delivered within 30 days of purchase, transportation protection agreements, and pre-need cemetery sales, are not subject to the Act. It further modifies provisions concerning payments under pre-need contracts.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.