Bill > HB2425

This bill amends the Illinois Insurance Code to add new protections for individuals with felony convictions when seeking life insurance final expense policies. Specifically, the bill prohibits life insurance companies from discriminating against individuals solely based on a felony conviction when issuing, continuing, or pricing final expense policies. A "final expense policy" is defined as a policy designed exclusively to cover funeral and burial costs. The bill importantly clarifies that while insurance companies cannot deny coverage or charge different rates based on a felony conviction, they are not required to provide coverage to individuals who are actively incarcerated due to a felony conviction. This provision aims to prevent blanket discrimination against people with criminal records while maintaining insurers' ability to make reasonable risk assessments. The new provision is added as subsection (f) to an existing section of the Illinois Insurance Code that already prohibits various forms of discrimination in life insurance, such as discrimination based on disability, military service, and travel experiences.

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https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2425&GAID=18&DocTypeID=HB&SessionID=114&GA=104