Bill Text: IL HB1333 | 2017-2018 | 100th General Assembly | Introduced


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 (Democrat 1-0)

Status: (Introduced) 2017-04-28 - Rule 19(a) / Re-referred to Rules Committee [HB1333 Detail]

Download: Illinois-2017-HB1333-Introduced.html


100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB1333

Introduced , by Rep. Michael J. Madigan

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.
LRB100 03041 RPS 13046 b

A BILL FOR

HB1333LRB100 03041 RPS 13046 b
1 AN ACT concerning regulation.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The Illinois Insurance Code is amended by
5changing Section 123D-1 as follows:
6 (215 ILCS 5/123D-1)
7 Sec. 123D-1. Purpose; construction. The The purpose of this
8Article is to provide for the organization of and issuance of a
9certificate of authority to nonprofit risk organizations that
10insure nonprofit organizations and that will qualify, and
11continue to qualify, as a qualified charitable risk pool, as
12defined in subsection (n) of Section 501 of the Internal
13Revenue Code.
14(Source: P.A. 93-918, eff. 1-1-05.)
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