Bill Text: IL SB1457 | 2009-2010 | 96th General Assembly | Introduced

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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 (Democrat 1-0)

Status: (Introduced - Dead) 2009-02-18 - Referred to Assignments [SB1457 Detail]

Download: Illinois-2009-SB1457-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 SB1457 Introduced 2/18/2009, by Sen. William R. Haine SYNOPSIS AS INTRODUCED:
215 ILCS 5/123D-1
Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the purpose of the Article regarding nonprofit risk organizations.
LRB096 09619 RPM 19780 b
A BILL FOR
SB1457 LRB096 09619 RPM 19780 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 123D-1 as follows:
(215 ILCS 5/123D-1)
Sec. 123D-1. Purpose; construction. The The purpose of
this Article is to provide for the organization of and issuance
of a certificate of authority to nonprofit risk organizations
that insure nonprofit organizations and that will qualify, and
continue to qualify, as a qualified charitable risk pool, as
defined in subsection (n) of Section 501 of the Internal
Revenue Code.
(Source: P.A. 93-918, eff. 1-1-05.)