Bill Text: IL HB1306 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the Fire Investigation Act. Provides that the amount annually assessed by the Department of Insurance on every fire insurance company and entity doing any form of fire insurance business in the State of Illinois may not exceed 1% of the gross fire, sprinkler leakage, riot, civil commotion, explosion, and motor vehicle risk premium receipts (rather than motor vehicle fire risk premium receipts) of the company or entity from business done in the State.

Sponsorship: Bipartisan Bill

Status: (Failed) 2013-01-08 - Session Sine Die [HB1306 Detail]

Download: Illinois-2011-HB1306-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB1306 Introduced , by Rep. Donald L. Moffitt SYNOPSIS AS INTRODUCED:
425 ILCS 25/12 from Ch. 127 1/2, par. 16
Amends the Fire Investigation Act. Provides that the amount annually assessed by the Department of Insurance on every fire insurance company and entity doing any form of fire insurance business in the State of Illinois may not exceed 1% of the gross fire, sprinkler leakage, riot, civil commotion, explosion, and motor vehicle risk premium receipts (rather than motor vehicle fire risk premium receipts) of the company or entity from business done in the State.
LRB097 05245 JDS 45296 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB1306 LRB097 05245 JDS 45296 b
AN ACT concerning safety.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Fire Investigation Act is amended by
changing Section 12 as follows:
(425 ILCS 25/12) (from Ch. 127 1/2, par. 16)
Sec. 12. Every fire insurance company, whether upon the
stock or mutual plan, and every other personal or business
entity doing any form of fire insurance business in the State
of Illinois, shall pay to the Department of Insurance in the
month of March, such amount as may be assessed by the
Department of Insurance, which may not exceed 1% of the gross
fire, sprinkler leakage, riot, civil commotion, explosion, and
motor vehicle fire risk premium receipts of such company or
other entity from such business done in the State of Illinois
during the preceding year, and shall make an annual report or
statement under oath to the Department specifying the amount of
such premiums received during the preceding year. The
Department of Insurance shall pay the money so received into
the Fire Prevention Fund, to be used as specified in Section
13.1 of this Act.
(Source: P.A. 85-718.)