Bill Text: IL HB3166 | 2021-2022 | 102nd General Assembly | Introduced

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Bill Title: Amends the Illinois Insurance Code to provide that an insurance policy amended, delivered, issued, or renewed in the State after the effective date of the amendatory Act that offers business interruption insurance shall be construed to include, among the covered perils of that policy, coverage for loss of use and occupancy of a business and business interruption resulting from a public health emergency or disaster regardless of whether the public health emergency or disaster results in physical damages to business property.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB3166 Detail]

Download: Illinois-2021-HB3166-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 HB3166 Introduced , by Rep. Suzanne Ness SYNOPSIS AS INTRODUCED:
215 ILCS 5/155.47 new
Amends the Illinois Insurance Code to provide that an insurance policy amended, delivered, issued, or renewed in the State after the effective date of the amendatory Act that offers business interruption insurance shall be construed to include, among the covered perils of that policy, coverage for loss of use and occupancy of a business and business interruption resulting from a public health emergency or disaster regardless of whether the public health emergency or disaster results in physical damages to business property.
LRB102 10753 BMS 16082 b
A BILL FOR
HB3166 LRB102 10753 BMS 16082 b
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Insurance Code is amended by
adding Section 155.47 as follows:
(215 ILCS 5/155.47 new)
Sec. 155.47. Business interruption insurance.
(a) As used in this Section, "business interruption
insurance" means every policy of insurance insuring against
loss due to loss of use and occupancy of a business and
business interruption.
(b) An insurance policy amended, delivered, issued, or
renewed in this State after the effective date of this
amendatory Act of the 102nd General Assembly that offers
business interruption insurance shall be construed to include,
among the covered perils of that policy, coverage for loss of
use and occupancy of a business and business interruption
resulting from a public health emergency or disaster
regardless of whether the public health emergency or disaster
results in physical damages to business property.