Bill Title: Amends the Illinois Insurance Code. Provides that if the Illinois Insurance Guaranty Fund pays a covered claim without the exhaustion of other coverage, the Fund shall have an independent right of recovery against each insurer whose coverage was not exhausted. Provides that the extent of the Fund's subrogation rights and any other rights of reimbursement with respect to its covered claims payments shall be determined independently by taking into account the Fund's independent rights of recovery. Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2015-08-17 - Public Act . . . . . . . . . 99-0387 [SB1782 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2015-08-17	HTML/Text	Link	View
Enrolled	2015-05-28	HTML/Text	Link	View
Engrossed	2015-04-16	HTML/Text	Link	View
Introduced	2015-02-20	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1782

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1782 currently on file.

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