HB2425: INS CD-DISCRIMINATION-FELONY

Legislative Summary

Amends the Illinois Insurance Code. Provides that, with respect to life insurance final expense policies, no life company authorized to issue those policies in the State shall refuse to insure an individual; refuse to continue to insure an individual; limit the amount, extent, or kind of coverage available to an individual; or charge an individual a different rate for the same coverage solely on the basis that an insured or applicant has been convicted of a felony. Provides that nothing in the provisions shall be construed to require a life company to issue or otherwise provide coverage for a life insurance policy to a person who is actively incarcerated pursuant to a felony conviction. Defines "final expense policy".