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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB3202 Introduced 1/14/2022, by Sen. Napoleon Harris, III SYNOPSIS AS INTRODUCED:
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| 215 ILCS 5/131.22 | | 215 ILCS 5/132.5 | from Ch. 73, par. 744.5 | 215 ILCS 5/547 | from Ch. 73, par. 1065.97 |
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Amends the Illinois Insurance Code. In provisions concerning confidential treatment of documents, materials, or other information in the possession or control of the Department of Insurance and provisions concerning confidential treatment of information obtained in the course of an examination, provides that the Director of Insurance may only share confidential and privileged documents, material, or information with the Illinois Insurance Guaranty Fund regarding any member company if the Director determines that the member company may be subject to a future delinquency proceeding. Provides that the Director may disclose the information so long as the Fund agrees in writing to hold that information confidential and uses that information to prepare for the possible liquidation of the member company. Provides that access to the information disclosed by the Director to the Fund shall be limited to the Fund's staff and its counsel. Provides that the board of directors of the Fund may have access to the information disclosed by the Director to the Fund once the member company is subject to a delinquency proceeding subject to any terms and conditions established by the Director. In provisions concerning prevention of insolvencies, provides that the Director may disclose specified information to the Fund and the Fund may use that information to prepare for the possible liquidation of a member company subject to specified requirements and restrictions. Effective immediately.
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| | A BILL FOR |
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| | SB3202 | | LRB102 23348 BMS 32514 b |
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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 Sections 131.22, 132.5, and 547 as follows:
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6 | | (215 ILCS 5/131.22)
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7 | | (Text of Section before amendment by P.A. 102-578 ) |
8 | | Sec. 131.22. Confidential treatment. |
9 | | (a) Documents, materials, or other information in the |
10 | | possession or control of the Department that are obtained by |
11 | | or disclosed to the Director or any other person in the course |
12 | | of an examination or investigation made pursuant to this |
13 | | Article and all information reported or provided to the |
14 | | Department pursuant to paragraphs (12) and (13) of Section |
15 | | 131.5 and Sections 131.13 through 131.21 shall be confidential |
16 | | by law and privileged, shall not be subject to the Illinois |
17 | | Freedom of Information Act, shall not be subject to subpoena, |
18 | | and shall not be subject to discovery or admissible in |
19 | | evidence in any private civil action. However, the Director is |
20 | | authorized to use the documents, materials, or other |
21 | | information in the furtherance of any regulatory or legal |
22 | | action brought as a part of the Director's official duties. |
23 | | The Director shall not otherwise make the documents, |
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1 | | materials, or other information public without the prior |
2 | | written consent of the company to which it pertains unless the |
3 | | Director, after giving the company and its affiliates who |
4 | | would be affected thereby prior written notice and an |
5 | | opportunity to be heard, determines that the interest of |
6 | | policyholders, shareholders, or the public shall be served by |
7 | | the publication thereof, in which event the Director may |
8 | | publish all or any part in such manner as may be deemed |
9 | | appropriate. |
10 | | (b) Neither the Director nor any person who received |
11 | | documents, materials, or other information while acting under |
12 | | the authority of the Director or with whom such documents, |
13 | | materials, or other information are shared pursuant to this |
14 | | Article shall be permitted or required to testify in any |
15 | | private civil action concerning any confidential documents, |
16 | | materials, or information subject to subsection (a) of this |
17 | | Section. |
18 | | (c) In order to assist in the performance of the |
19 | | Director's duties, the Director: |
20 | | (1) may share documents, materials, or other |
21 | | information, including the confidential and privileged |
22 | | documents, materials, or information subject to subsection |
23 | | (a) of this Section, with other state, federal, and |
24 | | international regulatory agencies, with the NAIC and its |
25 | | affiliates and subsidiaries, and with third-party
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26 | | consultants, and with state, federal, and international |
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1 | | law enforcement authorities and regulatory agencies, |
2 | | including members of any supervisory college allowed by |
3 | | this Article, provided that the recipient agrees in |
4 | | writing to maintain the confidentiality and privileged |
5 | | status of the document, material, or other information, |
6 | | and has verified in writing the legal authority to |
7 | | maintain confidentiality; |
8 | | (1.5) notwithstanding paragraph (1) of this subsection |
9 | | (c), may only share confidential and privileged documents, |
10 | | material, or information reported pursuant to Section |
11 | | 131.14b with commissioners of states having statutes or |
12 | | regulations substantially similar to subsection (a) of |
13 | | this Section and who have agreed in writing not to |
14 | | disclose such information; and |
15 | | (1.7) notwithstanding paragraph (1) of this subsection |
16 | | (c), may only share confidential and privileged documents, |
17 | | material, or information reported pursuant to Section |
18 | | 131.14b with the Illinois Insurance Guaranty Fund |
19 | | regarding any member company defined in Section 534.5 if |
20 | | the Director determines that the member company may be |
21 | | subject to a future delinquency proceeding under Article |
22 | | XIII; the Director may disclose the information described |
23 | | in this subsection so long as the Fund agrees in writing to |
24 | | hold that information confidential, in a manner consistent |
25 | | with this Code, and uses that information to prepare for |
26 | | the possible liquidation of the member company; access to |
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1 | | the information disclosed by the Director to the Fund |
2 | | shall be limited to the Fund's staff and its counsel; the |
3 | | board of directors of the Fund may have access to the |
4 | | information disclosed by the Director to the Fund once the |
5 | | member company is subject to a delinquency proceeding |
6 | | under Article XIII subject to any terms and conditions |
7 | | established by the Director; and |
8 | | (2) may receive documents, materials, or information, |
9 | | including otherwise confidential and privileged documents, |
10 | | materials, or information from the NAIC and its affiliates |
11 | | and subsidiaries and from regulatory and law enforcement |
12 | | officials of other foreign or domestic jurisdictions, and |
13 | | shall maintain as confidential or privileged any document, |
14 | | material, or information received with notice or the |
15 | | understanding that it is confidential or privileged under |
16 | | the laws of the jurisdiction that is the source of the |
17 | | document, material, or information; any such documents,
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18 | | materials, or information, while in the Director's |
19 | | possession, shall not be subject to the
Illinois Freedom |
20 | | of Information Act and shall not be subject to subpoena. |
21 | | (c-5) Written agreements with the NAIC or third-party |
22 | | consultants governing sharing and use of information provided |
23 | | pursuant to this Article consistent with this subsection (c) |
24 | | shall:
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25 | | (1)
specify procedures and protocols regarding the |
26 | | confidentiality and security of information shared with |
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1 | | the NAIC and its affiliates and subsidiaries or |
2 | | third-party consultants pursuant to this Article, |
3 | | including procedures and protocols for sharing by the NAIC |
4 | | with other state, federal, or international regulators;
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5 | | (2)
specify that ownership of information shared with |
6 | | the NAIC and its affiliates and subsidiaries or |
7 | | third-party consultants pursuant to this Article remains |
8 | | with the Director and the NAIC's or third-party |
9 | | consultant's use of the information is subject to the |
10 | | direction of the Director;
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11 | | (3)
require prompt notice to be given to a company |
12 | | whose confidential information in the possession of the |
13 | | NAIC or third-party consultant pursuant to this Article is |
14 | | subject to a request or subpoena for disclosure or |
15 | | production; and
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16 | | (4)
require the NAIC and its affiliates and |
17 | | subsidiaries or third-party consultants to consent to |
18 | | intervention by a company in any judicial or |
19 | | administrative action in which the NAIC and its affiliates |
20 | | and subsidiaries or third-party consultants may be |
21 | | required to disclose confidential information about the |
22 | | company shared with the NAIC and its affiliates and |
23 | | subsidiaries or third-party consultants pursuant to this |
24 | | Article. |
25 | | (d) The sharing of documents, materials, or information by |
26 | | the Director pursuant to this Article shall not constitute a |
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1 | | delegation of regulatory authority or rulemaking, and the |
2 | | Director is solely responsible for the administration, |
3 | | execution, and enforcement of the provisions of this Article. |
4 | | (e) No waiver of any applicable privilege or claim of |
5 | | confidentiality in the documents, materials, or information |
6 | | shall occur as a result of disclosure to the Director under |
7 | | this Section or as a result of sharing as authorized in |
8 | | subsection (c) of this Section. |
9 | | (f) Documents, materials, or other information in the |
10 | | possession or control of the NAIC or a third-party consultant |
11 | | pursuant to this Article shall be confidential by law and |
12 | | privileged, shall not be subject to the Illinois Freedom of |
13 | | Information Act, shall not be subject to subpoena, and shall |
14 | | not be subject to discovery or admissible in evidence in any |
15 | | private civil action.
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16 | | (Source: P.A. 102-394, eff. 8-16-21.)
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17 | | (Text of Section after amendment by P.A. 102-578 )
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18 | | Sec. 131.22. Confidential treatment. |
19 | | (a) Documents, materials, or other information in the |
20 | | possession or control of the Department that are obtained by |
21 | | or disclosed to the Director or any other person in the course |
22 | | of an examination or investigation made pursuant to this |
23 | | Article and all information reported or provided to the |
24 | | Department pursuant to paragraphs (12) and (13) of Section |
25 | | 131.5 and Sections 131.13 through 131.21 are recognized by |
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1 | | this State as being proprietary and to contain trade secrets, |
2 | | and shall be confidential by law and privileged, shall not be |
3 | | subject to the Illinois Freedom of Information Act, shall not |
4 | | be subject to subpoena, and shall not be subject to discovery |
5 | | or admissible in evidence in any private civil action. |
6 | | However, the Director is authorized to use the documents, |
7 | | materials, or other information in the furtherance of any |
8 | | regulatory or legal action brought as a part of the Director's |
9 | | official duties. The Director shall not otherwise make the |
10 | | documents, materials, or other information public without the |
11 | | prior written consent of the company to which it pertains |
12 | | unless the Director, after giving the company and its |
13 | | affiliates who would be affected thereby prior written notice |
14 | | and an opportunity to be heard, determines that the interest |
15 | | of policyholders, shareholders, or the public shall be served |
16 | | by the publication thereof, in which event the Director may |
17 | | publish all or any part in such manner as may be deemed |
18 | | appropriate. |
19 | | (b) Neither the Director nor any person who received |
20 | | documents, materials, or other information while acting under |
21 | | the authority of the Director or with whom such documents, |
22 | | materials, or other information are shared pursuant to this |
23 | | Article shall be permitted or required to testify in any |
24 | | private civil action concerning any confidential documents, |
25 | | materials, or information subject to subsection (a) of this |
26 | | Section. |
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1 | | (c) In order to assist in the performance of the |
2 | | Director's duties, the Director: |
3 | | (1) may share documents, materials, or other |
4 | | information, including the confidential and privileged |
5 | | documents, materials, or information subject to subsection |
6 | | (a) of this Section, including proprietary and trade |
7 | | secret documents and materials, with other state, federal, |
8 | | and international regulatory agencies, with the NAIC and |
9 | | its affiliates and subsidiaries, and with third-party
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10 | | consultants, and with state, federal, and international |
11 | | law enforcement authorities and regulatory agencies, |
12 | | including members of any supervisory college allowed by |
13 | | this Article, provided that the recipient agrees in |
14 | | writing to maintain the confidentiality and privileged |
15 | | status of the document, material, or other information, |
16 | | and has verified in writing the legal authority to |
17 | | maintain confidentiality; |
18 | | (1.5) notwithstanding paragraph (1) of this subsection |
19 | | (c), may only share confidential and privileged documents, |
20 | | material, or information reported pursuant to subsection |
21 | | (a) of Section 131.14b with commissioners of states having |
22 | | statutes or regulations substantially similar to |
23 | | subsection (a) of this Section and who have agreed in |
24 | | writing not to disclose such information; and |
25 | | (1.7) notwithstanding paragraph (1) of this subsection |
26 | | (c), may only share confidential and privileged documents, |
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1 | | material, or information reported pursuant to Section |
2 | | 131.14b with the Illinois Insurance Guaranty Fund |
3 | | regarding any member company defined in Section 534.5 if |
4 | | the Director determines that the member company may be |
5 | | subject to a future delinquency proceeding under Article |
6 | | XIII; the Director may disclose the information described |
7 | | in this subsection so long as the Fund agrees in writing to |
8 | | hold that information confidential, in a manner consistent |
9 | | with this Code, and uses that information to prepare for |
10 | | the possible liquidation of the member company; access to |
11 | | the information disclosed by the Director to the Fund |
12 | | shall be limited to the Fund's staff and its counsel; the |
13 | | board of directors of the Fund may have access to the |
14 | | information disclosed by the Director to the Fund once the |
15 | | member company is subject to a delinquency proceeding |
16 | | under Article XIII subject to any terms and conditions |
17 | | established by the Director; and |
18 | | (2) may receive documents, materials, or information, |
19 | | including otherwise confidential and privileged documents, |
20 | | materials, or information, including proprietary and trade |
21 | | secret information, from the NAIC and its affiliates and |
22 | | subsidiaries and from regulatory and law enforcement |
23 | | officials of other foreign or domestic jurisdictions, and |
24 | | shall maintain as confidential or privileged any document, |
25 | | material, or information received with notice or the |
26 | | understanding that it is confidential or privileged under |
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1 | | the laws of the jurisdiction that is the source of the |
2 | | document, material, or information; any such documents,
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3 | | materials, or information, while in the Director's |
4 | | possession, shall not be subject to the
Illinois Freedom |
5 | | of Information Act and shall not be subject to subpoena. |
6 | | (blank). |
7 | | (c-5) Written agreements with the NAIC or third-party |
8 | | consultants governing sharing and use of information provided |
9 | | pursuant to this Article consistent with subsection (c) shall:
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10 | | (1)
specify procedures and protocols regarding the |
11 | | confidentiality and security of information shared with |
12 | | the NAIC and its affiliates and subsidiaries or |
13 | | third-party consultants pursuant to this Article, |
14 | | including procedures and protocols for sharing by the NAIC |
15 | | with other state, federal, or international regulators; |
16 | | the agreement shall provide that the recipient agrees in |
17 | | writing to maintain the confidentiality and privileged |
18 | | status of the documents, materials, or other information |
19 | | and has verified in writing the legal authority to |
20 | | maintain such confidentiality;
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21 | | (2)
specify that ownership of information shared with |
22 | | the NAIC and its affiliates and subsidiaries or |
23 | | third-party consultants pursuant to this Article remains |
24 | | with the Director and the NAIC's or third-party |
25 | | consultant's use of the information is subject to the |
26 | | direction of the Director;
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1 | | (3)
require prompt notice to be given to a company |
2 | | whose confidential information in the possession of the |
3 | | NAIC or third-party consultant pursuant to this Article is |
4 | | subject to a request or subpoena for disclosure or |
5 | | production;
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6 | | (4)
require the NAIC and its affiliates and |
7 | | subsidiaries or third-party consultants to consent to |
8 | | intervention by a company in any judicial or |
9 | | administrative action in which the NAIC and its affiliates |
10 | | and subsidiaries or third-party consultants may be |
11 | | required to disclose confidential information about the |
12 | | company shared with the NAIC and its affiliates and |
13 | | subsidiaries or third-party consultants pursuant to this |
14 | | Article; and |
15 | | (5) excluding documents, material, or information |
16 | | reported pursuant to subsection (c) of Section 131.14b, |
17 | | prohibit the NAIC or third-party consultant from storing |
18 | | the information shared pursuant to this Code in a |
19 | | permanent database after the underlying analysis is |
20 | | completed. |
21 | | (d) The sharing of documents, materials, or information by |
22 | | the Director pursuant to this Article shall not constitute a |
23 | | delegation of regulatory authority or rulemaking, and the |
24 | | Director is solely responsible for the administration, |
25 | | execution, and enforcement of the provisions of this Article. |
26 | | (e) No waiver of any applicable privilege or claim of |
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1 | | confidentiality in the documents, materials, or information |
2 | | shall occur as a result of disclosure to the Director under |
3 | | this Section or as a result of sharing as authorized in |
4 | | subsection (c) of this Section. |
5 | | (f) Documents, materials, or other information in the |
6 | | possession or control of the NAIC or third-party consultant |
7 | | pursuant to this Article shall be confidential by law and |
8 | | privileged, shall not be subject to the Illinois Freedom of |
9 | | Information Act, shall not be subject to subpoena, and shall |
10 | | not be subject to discovery or admissible in evidence in any |
11 | | private civil action.
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12 | | (Source: P.A. 102-394, eff. 8-16-21; 102-578, eff. 7-1-22 (See |
13 | | Section 5 of P.A. 102-672 for effective date of P.A. 102-578); |
14 | | revised 12-1-21.)
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15 | | (215 ILCS 5/132.5) (from Ch. 73, par. 744.5)
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16 | | Sec. 132.5. Examination reports.
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17 | | (a) General description. All examination reports shall be |
18 | | comprised of
only facts appearing upon the books, records, or |
19 | | other documents of the
company, its agents, or other persons |
20 | | examined or as ascertained from the
testimony of its officers, |
21 | | agents, or other persons examined concerning its
affairs and |
22 | | the conclusions and recommendations as the examiners find
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23 | | reasonably warranted from those facts.
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24 | | (b) Filing of examination report. No later than 60 days |
25 | | following
completion of the examination, the examiner in |
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1 | | charge shall file with the
Department a verified written |
2 | | report of examination under oath. Upon
receipt of the verified |
3 | | report, the Department shall transmit the report to
the |
4 | | company examined, together with a notice that affords the |
5 | | company examined
a reasonable opportunity of not more than 30 |
6 | | days to make a written
submission or rebuttal with respect to |
7 | | any matters contained in the examination report.
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8 | | (c) Adoption of the report on examination. Within 30 days |
9 | | of the end of the
period allowed for the receipt of written |
10 | | submissions or rebuttals, the
Director shall fully consider |
11 | | and review the report, together with any
written submissions |
12 | | or rebuttals and any relevant portions of the examiners
work |
13 | | papers and enter an order:
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14 | | (1) Adopting the examination report as filed or with |
15 | | modification or
corrections. If the examination report |
16 | | reveals that the company is
operating in violation of any |
17 | | law, regulation, or prior order of the
Director, the |
18 | | Director may order the company to take any action the
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19 | | Director considers necessary and appropriate to cure the |
20 | | violation.
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21 | | (2) Rejecting the examination report with directions |
22 | | to the examiners
to reopen the examination for purposes of |
23 | | obtaining additional data,
documentation, or information |
24 | | and refiling under subsection (b).
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25 | | (3) Calling for an investigatory hearing with no less |
26 | | than 20 days
notice to the company for purposes of |
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1 | | obtaining additional documentation,
data, information, and |
2 | | testimony.
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3 | | (d) Order and procedures. All orders entered under |
4 | | paragraph (1) of
subsection (c) shall be accompanied by |
5 | | findings and conclusions resulting
from the Director's |
6 | | consideration and review of the examination report,
relevant |
7 | | examiner work papers, and any written submissions or |
8 | | rebuttals.
The order shall be considered a final |
9 | | administrative decision and may be
appealed in accordance with |
10 | | the Administrative Review Law. The order shall
be served upon |
11 | | the company by certified mail, together with a copy of the
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12 | | adopted examination report. Within 30 days of the issuance of |
13 | | the adopted
report, the company shall file affidavits executed |
14 | | by each of its directors
stating under oath that they have |
15 | | received a copy of the adopted report and
related orders.
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16 | | Any hearing conducted under paragraph (3) of subsection |
17 | | (c) by the
Director or an authorized representative shall be |
18 | | conducted as a
nonadversarial confidential investigatory |
19 | | proceeding as necessary for the
resolution of any |
20 | | inconsistencies, discrepancies, or disputed issues
apparent |
21 | | upon the face of the filed examination report or raised by or |
22 | | as a
result of the Director's review of relevant work papers or |
23 | | by the written
submission or rebuttal of the company.
Within |
24 | | 20 days of the conclusion of any hearing, the Director shall |
25 | | enter
an order under paragraph (1) of subsection (c).
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26 | | The Director shall not appoint an examiner as an |
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1 | | authorized
representative to conduct the hearing. The hearing |
2 | | shall proceed
expeditiously with discovery by the company |
3 | | limited to the examiner's work
papers that tend to |
4 | | substantiate any assertions set forth in any written
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5 | | submission or rebuttal. The Director or his representative may |
6 | | issue
subpoenas for the attendance of any witnesses or the |
7 | | production of any
documents deemed relevant to the |
8 | | investigation, whether under the control
of the Department, |
9 | | the company, or other persons. The documents produced
shall be |
10 | | included in the record, and testimony taken by the Director or |
11 | | his
representative shall be under oath and preserved for the |
12 | | record. Nothing
contained in this Section shall require the |
13 | | Department to disclose any
information or records that would |
14 | | indicate or show the existence or content
of any investigation |
15 | | or activity of a criminal justice agency.
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16 | | The hearing shall proceed with the Director or his |
17 | | representative
posing questions to the persons subpoenaed. |
18 | | Thereafter the company and the
Department may present |
19 | | testimony relevant to the investigation.
Cross-examination |
20 | | shall be conducted only by the Director or his representative.
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21 | | The company and the Department shall be permitted to make |
22 | | closing
statements and may be represented by counsel of their |
23 | | choice.
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24 | | (e) Publication and use. Upon the adoption of the |
25 | | examination report
under paragraph (1) of subsection (c), the |
26 | | Director shall continue to hold
the content of the examination |
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1 | | report as private and confidential
information for a period of |
2 | | 35 days, except to the extent provided in
subsection (b). |
3 | | Thereafter, the Director may open the report for public
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4 | | inspection so long as no court of competent jurisdiction has |
5 | | stayed its publication.
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6 | | Nothing contained in this Code shall prevent or be |
7 | | construed as
prohibiting the Director from disclosing the |
8 | | content of an examination
report, preliminary examination |
9 | | report or results, or any matter relating
thereto, to the |
10 | | insurance department of any other state or country or to law
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11 | | enforcement officials of this or any other state or agency of |
12 | | the federal
government at any time, so long as the agency or |
13 | | office receiving the
report or matters relating thereto agrees |
14 | | in writing to hold it
confidential and in a manner consistent |
15 | | with this Code.
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16 | | In the event the Director determines that regulatory |
17 | | action is
appropriate as a result of any examination, he may |
18 | | initiate any
proceedings or actions as provided by law.
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19 | | (f) Confidentiality of ancillary information. All working |
20 | | papers,
recorded information, documents, and copies
thereof |
21 | | produced by, obtained by, or disclosed to the Director or any |
22 | | other
person in the course of any examination must be given |
23 | | confidential
treatment, are not subject to subpoena, and may |
24 | | not be made public by the
Director or any other persons, except |
25 | | to the extent provided in subsection
(e). Access may also be |
26 | | granted to the National Association of Insurance |
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1 | | Commissioners.
Those parties must agree in writing before |
2 | | receiving the information to
provide to it the same |
3 | | confidential treatment as required by this Section,
unless the |
4 | | prior written consent of the company to which it pertains has |
5 | | been obtained.
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6 | | This subsection (f) applies to market conduct examinations |
7 | | described in Section 132 of this Code. |
8 | | (g) Disclosure. Nothing contained in this Code shall |
9 | | prevent or be construed as prohibiting the Director from |
10 | | disclosing the information described in subsections (e) and |
11 | | (f) to the Illinois Insurance Guaranty Fund regarding any |
12 | | member company defined in Section 534.5 if the Director |
13 | | determines that the member company may be subject to a future |
14 | | delinquency proceeding under Article XIII. The Director may |
15 | | disclose the information described in this subsection so long |
16 | | as the Fund agrees in writing to hold that information |
17 | | confidential, in a manner consistent with this Code, and uses |
18 | | that information to prepare for the possible liquidation of |
19 | | the member company. Access to the information disclosed by the |
20 | | Director to the Fund shall be limited to the Fund's staff and |
21 | | its counsel. The Board of Directors of the Fund may have access |
22 | | to the information disclosed by the Director to the Fund once |
23 | | the member company is subject to a delinquency proceeding |
24 | | under Article XIII subject to any terms and conditions |
25 | | established by the Director. |
26 | | (Source: P.A. 100-475, eff. 1-1-18 .)
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1 | | (215 ILCS 5/547) (from Ch. 73, par. 1065.97)
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2 | | Sec. 547. Prevention of insolvencies. To aid in the |
3 | | detection and prevention of company insolvencies:
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4 | | (a) The board of directors may, upon majority vote, make |
5 | | recommendations
to the Director on matters pertaining to |
6 | | regulation for solvency.
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7 | | (b) The board of directors may prepare a report on the |
8 | | history and causes
of any company
insolvency in which the Fund |
9 | | was obligated to pay covered claims, based on the
information |
10 | | available to the Fund, and submit such report to the Director.
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11 | | (c) The Director may disclose to the Fund the information |
12 | | described in subsection (g) of Section 132.5 as well as the |
13 | | information described in subsection (c) of Section 131.22, and |
14 | | the Fund may use that information to prepare for the possible |
15 | | liquidation of a member company subject to the requirements |
16 | | and restrictions set forth in Section 132.5. |
17 | | (Source: P.A. 85-576.)
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18 | | Section 95. No acceleration or delay. Where this Act makes |
19 | | changes in a statute that is represented in this Act by text |
20 | | that is not yet or no longer in effect (for example, a Section |
21 | | represented by multiple versions), the use of that text does |
22 | | not accelerate or delay the taking effect of (i) the changes |
23 | | made by this Act or (ii) provisions derived from any other |
24 | | Public Act.
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