{"data":{"id":"us-il/215-ilcs-5-1407","jurisdiction":"us-il","citation":"215 ILCS 5/1407","heading":"Rebating and discounting.","body":"(a) No financial institution may offer a rebate on an insurance product in violation of Section 151 of this Code.\n(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.","path":["CHAPTER 215 INSURANCE","Illinois Insurance Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1249\u0026ChapterID=22\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:30Z","sha256":"cb14a67bd0f68a75a975a5b2c70553005bb953d044d630d3574e25a930e3f820","source_id":"us-il","stale":false,"prev":"us-il/215-ilcs-5-1406","next":"us-il/215-ilcs-5-1408"},"notice":"GroundRules: Original legal text. Not legal advice."}