94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB0917


 
Introduced 2/18/2005, by Sen. William R. Haine - Emil Jones, Jr.
 
SYNOPSIS AS INTRODUCED:
 		













215 ILCS 5/801.1









    Amends the Illinois Insurance Code. Makes a technical change in a Section
concerning the legislative purpose of the mine subsidence insurance Article of
the Act.
















LRB094 04520 LJB 34549 b

















 


 


A BILL FOR









 











SB0917

LRB094 04520 LJB 34549 b






1
    AN ACT concerning regulation.

 
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 
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changing Section 801.1 as follows:
 



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    (215 ILCS 5/801.1)



7
    Sec. 801.1. Purpose. The
The purpose of this Article is to 
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require insurers to
make mine subsidence insurance coverage 
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available for residences, living units
and commercial 
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buildings located in Illinois; to establish the Illinois Mine

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Subsidence Insurance Fund; to divide the Fund into separate 
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residential and
commercial sub-funds; and to make the Fund the 
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reinsurer for the mine
subsidence insurance made available 
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under this Article.
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(Source: P.A. 88-379.)