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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3166 Introduced 2/19/2021, by Rep. Suzanne Ness SYNOPSIS AS INTRODUCED:
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Amends the Illinois Insurance Code to provide that an insurance policy amended, delivered, issued, or renewed in the State after the effective date of the amendatory Act that offers business interruption insurance shall be construed to include, among the covered perils of that policy, coverage for loss of use and occupancy of a business and business interruption resulting from a public health emergency or disaster regardless of whether the public health emergency or disaster results in physical damages to business property.
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| | A BILL FOR |
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| | HB3166 | | LRB102 10753 BMS 16082 b |
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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 | | adding Section 155.47 as follows:
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| 6 | | (215 ILCS 5/155.47 new) |
| 7 | | Sec. 155.47. Business interruption insurance. |
| 8 | | (a) As used in this Section, "business interruption |
| 9 | | insurance" means every policy of insurance insuring against |
| 10 | | loss due to loss of use and occupancy of a business and |
| 11 | | business interruption. |
| 12 | | (b) An insurance policy amended, delivered, issued, or |
| 13 | | renewed in this State after the effective date of this |
| 14 | | amendatory Act of the 102nd General Assembly that offers |
| 15 | | business interruption insurance shall be construed to include, |
| 16 | | among the covered perils of that policy, coverage for loss of |
| 17 | | use and occupancy of a business and business interruption |
| 18 | | resulting from a public health emergency or disaster |
| 19 | | regardless of whether the public health emergency or disaster |
| 20 | | results in physical damages to business property.
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