Illinois Statutes
§ 1407 — Rebating and discounting
Illinois § 1407
JurisdictionIllinois
TopicREGULATION
Ch. 215INSURANCE
Act 215 ILCS 5/Illinois Insurance Code.
Art.Article XLIV - Financial Institutions Insurance Sales Law
This text of Illinois § 1407 (Rebating and discounting) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
215 Ill. Comp. Stat. 1407 (2026).
Text
(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.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
(Source: P.A. 90-41, eff. 10-1-97.)
Nearby Sections
15
§ 14
Confidentiality§ 14.05
§ 14.05§ 14.1
Contribution Certificate§ 1400
Title§ 1401
Purpose§ 1402
Definitions§ 1405
Extensions of credit§ 1407
Rebating and discounting§ 1409
Disclosure§ 141
Agency contractsCite This Page — Counsel Stack
Bluebook (online)
Illinois § 1407, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/215/1407.