INS CD-HOMEOWNER'S INS NOTICE

Amends the Illinois Insurance Code. Requires insurance companies providing personal multiperil property coverage, commonly known as homeowners insurance, to issue an annual notice to each insured that the value of the insured's property may have increased and the insurance company recommends that the insured consider having the property re-appraised so that coverage may be increased where appropriate. Effective January 1, 2005.