Bill Text: IL SB1385 | 2013-2014 | 98th General Assembly | Introduced
Bill Title: Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the applicability of the Article concerning insurance producers, limited insurance representatives, and registered firms.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2015-01-13 - Session Sine Die [SB1385 Detail]
Download: Illinois-2013-SB1385-Introduced.html
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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 Section 500-5 as follows:
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6 | (215 ILCS 5/500-5)
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7 | (Section scheduled to be repealed on January 1, 2017)
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8 | Sec. 500-5. Scope of Article. This Article applies to all | |||||||||||||||||||
9 | persons and and
insurance companies as
defined in this Code. | |||||||||||||||||||
10 | This Article does not apply to surplus lines producers
licensed | |||||||||||||||||||
11 | pursuant to
Section 445 except as provided in Section 500-40 | |||||||||||||||||||
12 | and subsection (b) of Section
500-90 of this
Article.
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13 | (Source: P.A. 92-386, eff. 1-1-02 .)
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