97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB1306
 
Introduced 02/09/11, by Rep. Donald L. Moffitt
 
SYNOPSIS AS INTRODUCED:
 

 



425 ILCS 25/12  from Ch. 127 1/2, par. 16

     Amends the Fire Investigation Act. Provides that the amount annually assessed by the Department of Insurance on every fire insurance company and entity doing any form of fire insurance business in the State of Illinois may not exceed 1% of  the gross fire, sprinkler leakage, riot, civil
commotion, explosion, and motor vehicle risk premium receipts (rather than motor vehicle fire risk premium receipts) of the company or entity from business done in the State. 
  


LRB097 05245 JDS 45296 b

FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB1306LRB097 05245 JDS 45296 b


  
1    AN ACT concerning safety.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Fire Investigation Act is amended  by 
5changing Section 12 as follows:
 



6    (425 ILCS 25/12)  (from Ch. 127 1/2, par. 16)



7    Sec. 12. 
Every fire insurance
company, whether upon the 
8stock or mutual plan, and every other personal
or business 
9entity doing
any form of fire insurance business in the State 
10of Illinois, shall pay
to the Department of
Insurance in the 
11month of March, such amount as may be
assessed by the 
12Department of Insurance, which may not exceed 1% of
the gross 
13fire, sprinkler leakage, riot, civil
commotion, explosion, and 
14motor vehicle fire risk premium receipts of
such company or 
15other entity from such
business done in the State of Illinois 
16during the preceding year, and
shall make an annual report or 
17statement under oath to the Department
specifying the amount of 
18such premiums received during the preceding
year. The 
19Department of Insurance shall pay the money so received
into 
20the Fire Prevention Fund, to be used as specified
in Section 
2113.1 of this Act.

22(Source: P.A. 85-718.)