Bill Text: IL SB1526 | 2011-2012 | 97th 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 (Republican 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [SB1526 Detail]

Download: Illinois-2011-SB1526-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SB1526 Introduced 2/9/2011, by Sen. Christine Radogno 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.
LRB097 06980 RPM 47073 b
A BILL FOR
SB1526 LRB097 06980 RPM 47073 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.)