HB5927 93RD GENERAL ASSEMBLY 






 

 		











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.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Illinois Insurance Code is amended  by adding 
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Section 537.12 as follows:
 
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    (215 ILCS 5/537.12  new)
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    Sec. 537.12. Rights and obligations under a large 
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deductible policy. The Illinois Insurance Guaranty Fund is 
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entitled to the same rights and obligations under a large 
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deductible policy as the insolvent insurer.