95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB2288


 
Introduced 2/26/2007, by Rep. Michael J. Madigan - Barbara Flynn Currie - Frank J. Mautino
 
SYNOPSIS AS INTRODUCED:
 		














215 ILCS 5/123D-1









    Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the purpose of the Article regarding nonprofit risk organizations.
















LRB095 01341 KBJ 21343 b

















 


 


A BILL FOR









 











HB2288

LRB095 01341 KBJ 21343 b






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    AN ACT concerning regulation.

 
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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 
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changing Section 123D-1 as follows:
 
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    (215 ILCS 5/123D-1)

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    Sec. 123D-1. Purpose; construction.
The
The purpose of this 
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Article is to provide for the organization of and
issuance
of a 
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certificate of authority to nonprofit risk organizations that 
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insure
nonprofit
organizations and that will qualify, and 
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continue to qualify, as a qualified
charitable risk
pool, as 
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defined in subsection (n) of Section 501 of the Internal 
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Revenue Code.
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(Source: P.A. 93-918, eff. 1-1-05.)