INSURANCE CODE-IMPROPER CLAIMS

Amends the Illinois Insurance Code. Provides that it is an improper claims practice for a domestic, foreign, or alien company transacting business in this State to fail to pay applicable tax, title, and transfer fees for all first-party and third-party claims on a replacement vehicle in a private passenger automobile total loss vehicle claim if that act is committed knowingly in violation of the Code, has been committed with such frequency to indicate a persistent tendency to engage in that type of conduct, and is committed without just cause. Effective immediately.