96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB6418


 
Introduced 2/18/2010, by Rep. Michael J. Madigan - Barbara Flynn Currie
 
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.















LRB096 21044 RPM 36894 b

















 


 


A BILL FOR









 











HB6418

LRB096 21044 RPM 36894 b






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    AN ACT concerning regulation.

 
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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 123D-1 as follows:
 
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    (215 ILCS 5/123D-1)

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    Sec. 123D-1. Purpose; construction. 
The
The purpose of 
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this Article is to provide for the organization of and
issuance

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of a certificate of authority to nonprofit risk organizations 
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that insure
nonprofit
organizations and that will qualify, and 
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continue to qualify, as a qualified
charitable risk
pool, as 
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defined in subsection (n) of Section 501 of the Internal 
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Revenue Code.
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(Source: P.A. 93-918, eff. 1-1-05.)