Exams / Illinois Property Insurance Producer License / 215 ILCS 5/143.22
215 ILCS 5/143.22 — what it says, and how the exam tests it
This section is cited by 7 of our practice questions and is tested on 3 exams including the Illinois Property Insurance Producer License.
The text
215 ILCS 5/143.22. (from Ch. 73, par. 755.22) Sec. 143.22. Notice to Insured as to Eligibility of Illinois Fair Plan Association. When a policy containing fire and extended coverage insurance is cancelled or nonrenewed other than for nonpayment of premium or evidence of incendiarism and if the location of the insured property is within the State of Illinois the company shall notify the named insured of his eligibility for the FAIR Plan and shall explain the procedure to make application to the FAIR Plan. Such notice shall accompany or be included in the notice of cancellation or the notice of intent not to renew. (Source: P.A. 86-437.)
Public record. Read the full, current section at the official source: www.ilga.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under 215 ILCS 5/143.22, when must a company notify a named insured of eligibility for the Illinois FAIR Plan?
drill Illinois Statutes and Regulations Pertinent to Personal Lines Insurance Only → - Under 215 ILCS 5/143.22, when a property insurance policy containing fire and extended coverage is cancelled or nonrenewed for a reason other than nonpayment of premium, what must the company provide to the named insured?
drill Illinois Statutes and Regulations Pertinent to Personal Lines Insurance Only → - Under Section 143.22, in which circumstance is a company NOT required to notify the named insured of FAIR Plan eligibility when cancelling or nonrenewing a fire and extended coverage policy?
drill Illinois Statutes and Regulations Pertinent to Property Insurance Only →