93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5927

 

Introduced 2/6/2004, by Frank J. Mautino

 

SYNOPSIS AS INTRODUCED:
 
215 ILCS 5/537.12 new

    Amends the Illinois Insurance Code. Provides that the Illinois Insurance Guaranty Fund is entitled to the same rights and obligations under a large deductible policy as the insolvent insurer.


LRB093 17474 SAS 43141 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB5927 LRB093 17474 SAS 43141 b

1     AN ACT concerning insurance.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Illinois Insurance Code is amended by adding
5 Section 537.12 as follows:
 
6     (215 ILCS 5/537.12 new)
7     Sec. 537.12. Rights and obligations under a large
8 deductible policy. The Illinois Insurance Guaranty Fund is
9 entitled to the same rights and obligations under a large
10 deductible policy as the insolvent insurer.