Bill Text: IL SB2427 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Illinois Insurance Code. Makes a technical change in a Section concerning property and casualty insurers.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB2427 Detail]

Download: Illinois-2019-SB2427-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 SB2427 Introduced 1/15/2020, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
215 ILCS 5/126.21
Amends the Illinois Insurance Code. Makes a technical change in a Section concerning property and casualty insurers.
LRB101 15781 BMS 65136 b
A BILL FOR
SB2427 LRB101 15781 BMS 65136 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 126.21 as follows:
(215 ILCS 5/126.21)
Sec. 126.21. Applicability. This Part 3 shall apply to the
the investments and investment practices of property and
casualty insurers authorized to transact the kinds of insurance
in either or both Class 2 or Class 3 of Section 4 of this Code,
subject to the provisions of Section 126.1B.
(Source: P.A. 90-418, eff. 8-15-97.)