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SB1632 Enrolled |
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LRB096 07716 RPM 17817 b |
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| 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 |
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| changing Section 451 as follows:
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| (215 ILCS 5/451) (from Ch. 73, par. 1063)
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| Sec. 451.
Companies
not subject to code.
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| This Code shall not apply to companies now or hereafter |
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| organized or
transacting business under the Title Insurance Act |
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| an Act entitled "An Act to provide for and
regulate the |
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| business of guaranteeing titles to real estate by
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| corporations," approved May 13, 1901, or Act amendatory |
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| thereof, or
supplementary thereto, or in replacement thereof; |
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| nor to corporations now or hereafter organized and
transacting |
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| business under "An Act to provide for the incorporation and
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| regulation of nonprofit hospital service corporations" |
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| approved July 6,
1935, or Act act amendatory thereof or |
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| supplementary thereto; nor shall any
part of this Code other |
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| than Articles articles X, XI, XIII, and XXIV apply to
companies |
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| now or hereafter organized or transacting business under an Act
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| entitled, "An Act relating to local mutual district, county and |
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| township
insurance companies," approved March 13, 1936, or Act |
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| amendatory thereof
or supplementary thereto. No domestic |