Current as of January 01, 2019 | Updated by FindLaw Staff
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§ 1407. Rebating and discounting.
(a) No financial institution may offer a rebate on an insurance product in violation of Section 151 of this Code.
(b) No financial institution may offer a discount on a loan or extension of credit for the purpose of inducing the customer to purchase insurance required in connection with the loan or extension of credit.
Cite this article: FindLaw.com - Illinois Statutes Chapter 215. Insurance § 5/1407. Rebating and discounting - last updated January 01, 2019 | https://codes.findlaw.com/il/chapter-215-insurance/il-st-sect-215-5-1407/
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