Bill Text: IL HB2110 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the purpose of the Article regarding nonprofit risk organizations.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-04-23 - Rule 19(a) / Re-referred to Rules Committee [HB2110 Detail]
Download: Illinois-2021-HB2110-Introduced.html
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1 | AN ACT concerning regulation.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Insurance Code is amended by | |||||||||||||||||||
5 | changing Section 123D-1 as follows:
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6 | (215 ILCS 5/123D-1)
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7 | Sec. 123D-1. Purpose; construction.
The
The purpose of | |||||||||||||||||||
8 | this Article is to provide for the organization of and
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9 | issuance
of a certificate of authority to nonprofit risk | |||||||||||||||||||
10 | organizations that insure
nonprofit
organizations and that | |||||||||||||||||||
11 | will qualify, and continue to qualify, as a qualified
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12 | charitable risk
pool, as defined in subsection (n) of Section | |||||||||||||||||||
13 | 501 of the Internal Revenue Code. | |||||||||||||||||||
14 | (Source: P.A. 93-918, eff. 1-1-05.)
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