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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:
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Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the purpose of the Article regarding nonprofit risk organizations.
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A BILL FOR
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SB1457 |
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LRB096 09619 RPM 19780 b |
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| AN ACT concerning regulation.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Insurance Code is amended by |
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| changing Section 123D-1 as follows:
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| (215 ILCS 5/123D-1)
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| Sec. 123D-1. Purpose; construction.
The
The purpose of |
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| this Article is to provide for the organization of and
issuance
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| of a certificate of authority to nonprofit risk organizations |
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| that insure
nonprofit
organizations and that will qualify, and |
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| continue to qualify, as a qualified
charitable risk
pool, as |
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| defined in subsection (n) of Section 501 of the Internal |
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| Revenue Code. |
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| (Source: P.A. 93-918, eff. 1-1-05.)
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