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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB2923 Introduced 2/1/2012, by Sen. William E. Brady SYNOPSIS AS INTRODUCED:
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Amends the Illinois Insurance Code. Makes a technical change in a Section
concerning the applicability of the Article concerning insurance producers, limited insurance representatives, and registered firms.
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| | A BILL FOR |
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| | SB2923 | | LRB097 14905 RPM 59936 b |
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| 1 | | AN ACT concerning regulation.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Insurance Code is amended by |
| 5 | | changing Section 500-5 as follows:
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| 6 | | (215 ILCS 5/500-5)
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| 7 | | (Section scheduled to be repealed on January 1, 2017)
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| 8 | | Sec. 500-5. Scope of Article. This Article applies to all |
| 9 | | persons and and
insurance companies as
defined in this Code. |
| 10 | | This Article does not apply to surplus lines producers
licensed |
| 11 | | pursuant to
Section 445 except as provided in Section 500-40 |
| 12 | | and subsection (b) of Section
500-90 of this
Article.
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| 13 | | (Source: P.A. 92-386, eff. 1-1-02.)
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