Rep. Lou Lang
Filed: 4/11/2005
 
 

 




 

 		












09400HB1596ham001

LRB094 08299 LJB 44281 a






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AMENDMENT TO HOUSE BILL 1596




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    AMENDMENT NO. ______. Amend House Bill 1596 by replacing 
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everything after the enacting clause with the following:

 
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    "Section 5. The Illinois Insurance Code is amended  by 
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changing Section 397 as follows:
 



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    (215 ILCS 5/397)  (from Ch. 73, par. 1009)



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    Sec. 397. Standard fire policy.

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    (a)
) The Director of Insurance shall
promulgate such rules 
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and regulations as may be necessary to effect
uniformity in all 
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basic policies of fire and lightning insurance issued
in this 
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State, to the end that there be concurrency of contract where

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two or more companies insure the same risk.
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    (b) Policies issued to one or more industrial insureds, as 
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defined in Section 121-2.08 of this Code, are not subject to 
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the rules adopted by the Secretary pursuant to subsection (a) 
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of this Section with respect to losses caused directly or 
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indirectly by terrorism if a named insured certifies in writing 
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that:
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        (1)  the insured qualifies as an industrial insured;
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        (2)  the insured's aggregate annual premiums for 
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    insurance policies on the types of risks enumerated under 
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    Class 3 of Section 4 of this Code total at least $100,000; 
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    and
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        (3) the insured has been advised that the policy does 
 


 






09400HB1596ham001
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LRB094 08299 LJB 44281 a




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    not provide coverage to the same extent as basic fire and 
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    lightning insurance with respect to losses caused directly 
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    or indirectly by terrorism.
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    (c) For the purposes of subsection (b) of this Section, 
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"terrorism" means any of the following:
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        (1) A certified act of terrorism as defined in Section 
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    102 of the federal Terrorism Risk Insurance Act of 2002, 
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    Public Law 107-297.
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        (2) A violent act or an act that is dangerous to human 
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    life, property, or infrastructure that is committed by an 
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    individual or individuals and that appears to be part of an 
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    effort to coerce a civilian population or to influence the 
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    policy or affect the conduct of any government.
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        (3) "Terrorism" as defined in a form that is 
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    voluntarily filed with the Secretary by the insurer.


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(Source: P.A. 80-1441.)


 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.".