97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB2923

 

Introduced 2/1/2012, by Sen. William E. Brady

 

SYNOPSIS AS INTRODUCED:
 
215 ILCS 5/500-5

    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.


LRB097 14905 RPM 59936 b

 

 

A BILL FOR

 

SB2923LRB097 14905 RPM 59936 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Insurance Code is amended by
5changing Section 500-5 as follows:
 
6    (215 ILCS 5/500-5)
7    (Section scheduled to be repealed on January 1, 2017)
8    Sec. 500-5. Scope of Article. This Article applies to all
9persons and and insurance companies as defined in this Code.
10This Article does not apply to surplus lines producers licensed
11pursuant to Section 445 except as provided in Section 500-40
12and subsection (b) of Section 500-90 of this Article.
13(Source: P.A. 92-386, eff. 1-1-02.)