Bill Text: IL SB2923 | 2011-2012 | 97th General Assembly | Introduced

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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) 2013-01-08 - Session Sine Die [SB2923 Detail]

Download: Illinois-2011-SB2923-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SB2923 Introduced 2/1/2012, by Sen. William E. Brady SYNOPSIS AS INTRODUCED:
215 ILCS 5/500-5
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.
LRB097 14905 RPM 59936 b
A BILL FOR
SB2923 LRB097 14905 RPM 59936 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 500-5 as follows:
(215 ILCS 5/500-5)
(Section scheduled to be repealed on January 1, 2017)
Sec. 500-5. Scope of Article. This Article applies to all
persons and and insurance companies as defined in this Code.
This Article does not apply to surplus lines producers licensed
pursuant to Section 445 except as provided in Section 500-40
and subsection (b) of Section 500-90 of this Article.
(Source: P.A. 92-386, eff. 1-1-02.)