95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB3495


 
Introduced 2/28/2007, by Rep. Robert F. Flider
 
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 09040 KBJ 29231 b

















 


 


A BILL FOR









 











HB3495

LRB095 09040 KBJ 29231 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 
5
changing Section 123D-1 as follows:
 
6
    (215 ILCS 5/123D-1)

7
    Sec. 123D-1. Purpose; construction.
The
The purpose of this 
8
Article is to provide for the organization of and
issuance
of a 
9
certificate of authority to nonprofit risk organizations that 
10
insure
nonprofit
organizations and that will qualify, and 
11
continue to qualify, as a qualified
charitable risk
pool, as 
12
defined in subsection (n) of Section 501 of the Internal 
13
Revenue Code.
14
(Source: P.A. 93-918, eff. 1-1-05.)