Bill Text: IL SB1448 | 2021-2022 | 102nd General Assembly | Introduced

---

Bill Title: Amends the Illinois Insurance Code. Makes a technical change in a Section concerning property and casualty insurers.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-04-23 - Rule 3-9(a) / Re-referred to Assignments [SB1448 Detail]

Download: Illinois-2021-SB1448-Introduced.html

---

102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 SB1448 Introduced 2/25/2021, by Sen. Dan McConchie SYNOPSIS AS INTRODUCED:
215 ILCS 5/126.21
Amends the Illinois Insurance Code. Makes a technical change in a Section concerning property and casualty insurers.
LRB102 11226 BMS 16558 b
A BILL FOR
SB1448 LRB102 11226 BMS 16558 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
changing Section 126.21 as follows:
(215 ILCS 5/126.21)
Sec. 126.21. Applicability. This Part 3 shall apply to the
the investments and investment practices of property and
casualty insurers authorized to transact the kinds of
insurance in either or both Class 2 or Class 3 of Section 4 of
this Code, subject to the provisions of Section 126.1B.
(Source: P.A. 90-418, eff. 8-15-97.)