Illinois SB2724 amends the Illinois Insurance Code to define unfair practices in insurance sales.
Illinois SB2724 amends the Illinois Insurance Code to define unfair methods of competition and unfair or deceptive acts or practices in the business of insurance. The bill specifies that it is an unfair practice to solicit individuals over 65 years old for accident or health insurance without certain conditions being met. These conditions include discussing the potential enrollee's current insurance plan with a family member, friend, or advisor, providing a phone number for questions, and allowing the enrollee to opt out of future communications.
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