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

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.)