HB4725 EngrossedLRB098 18521 RPM 53658 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 10. The Illinois Insurance Code is amended by
5changing Sections 131.16, 131.20a, and 139 and adding Article
6VIII 1/4 as follows:
 
7    (215 ILCS 5/Art. VIII 1/4 heading new)
8
ARTICLE VIII 1/4. RISK MANAGEMENT AND
9
OWN RISK AND SOLVENCY ASSESSMENT

 
10    (215 ILCS 5/129 new)
11    Sec. 129. Short title. This Article may be cited as the
12Risk Management and Own Risk and Solvency Assessment Law.
 
13    (215 ILCS 5/129.1 new)
14    Sec. 129.1. Purpose and scope. The purpose of this Article
15is to provide the requirements for maintaining a risk
16management framework and completing an own risk and solvency
17assessment (ORSA) and provide guidance and instructions for
18filing an ORSA summary report with the Director.
19    The requirements of this Article shall apply to all
20insurers domiciled in this State unless exempt pursuant to
21Section 129.7.

 

 

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1    The General Assembly finds and declares that an ORSA
2summary report will contain confidential and sensitive
3information related to an insurer or insurance group's
4identification of risks material and relevant to the insurer or
5insurance group filing the report. This information will
6include proprietary and trade secret information that has the
7potential for harm and competitive disadvantage to the insurer
8or insurance group if the information is made public. It is the
9intent of this General Assembly that the ORSA summary report
10shall be a confidential document filed with the Director, that
11the ORSA summary report shall be shared only as stated herein
12and to assist the Director in the performance of his or her
13duties, and that in no event shall an ORSA summary report be
14subject to public disclosure.
 
15    (215 ILCS 5/129.2 new)
16    Sec. 129.2. Definitions. In this Article:
17    "Insurance group", for the purpose of conducting an ORSA,
18means those insurers and affiliates included within an
19insurance holding company system as defined in Section 131.1 of
20this Code.
21    "Insurer" has the same meaning as set forth in Section 2 of
22this Code, except that it shall not include agencies,
23authorities, or instrumentalities of the United States or its
24possessions or territories, the Commonwealth of Puerto Rico,
25the District of Columbia, or a state or political subdivision

 

 

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1of a state.
2    "Own risk and solvency assessment" or "ORSA" means a
3confidential internal assessment, appropriate to the nature,
4scale, and complexity of an insurer or insurance group,
5conducted by that insurer or insurance group of the material
6and relevant risks associated with the insurer or insurance
7group's current business plan, and the sufficiency of capital
8resources to support those risks.
9    "ORSA Guidance Manual" means the current version of the Own
10Risk and Solvency Assessment Guidance Manual developed and
11adopted by the National Association of Insurance Commissioners
12(NAIC) and as amended from time to time. A change in the ORSA
13Guidance Manual shall be effective on the January 1 following
14the calendar year in which the changes have been adopted by the
15NAIC.
16    "ORSA summary report" means a confidential high-level
17summary of an insurer or insurance group's ORSA.
 
18    (215 ILCS 5/129.3 new)
19    Sec. 129.3. Risk management framework. An insurer shall
20maintain a risk management framework to assist the insurer with
21identifying, assessing, monitoring, managing, and reporting on
22its material and relevant risks. The requirement of this
23Section may be satisfied if the insurance group of which the
24insurer is a member maintains a risk management framework
25applicable to the operations of the insurer.
 

 

 

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1    (215 ILCS 5/129.4 new)
2    Sec. 129.4. ORSA requirement. Subject to Section 129.7 of
3this Code, an insurer, or the insurance group of which the
4insurer is a member, shall regularly conduct an ORSA consistent
5with a process comparable to the ORSA Guidance Manual. The ORSA
6shall be conducted no less than annually but also at any time
7when there are significant changes to the risk profile of the
8insurer or the insurance group of which the insurer is a
9member.
 
10    (215 ILCS 5/129.5 new)
11    Sec. 129.5. ORSA summary report.
12    (a) Upon the Director's request, and no more than once each
13year, an insurer shall submit to the Director an ORSA summary
14report or any combination of reports that together contain the
15information described in the ORSA Guidance Manual, applicable
16to the insurer and the insurance group of which it is a member.
17Notwithstanding any request from the Director, if the insurer
18is a member of an insurance group, the insurer shall submit the
19report or reports required by this subsection (a) if the
20Director is the lead state commissioner of the insurance group
21as determined by the procedures within the Financial Analysis
22Handbook adopted by the National Association of Insurance
23Commissioners.
24    (b) The report or reports shall include a signature of the

 

 

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1insurer or insurance group's chief risk officer or other
2executive having responsibility for the oversight of the
3insurer's enterprise risk management process attesting to the
4best of his or her belief and knowledge that the insurer
5applies the enterprise risk management process described in the
6ORSA summary report and that a copy of the report has been
7provided to the insurer's board of directors or the appropriate
8committee thereof.
9    (c) An insurer may comply with subsection (a) of this
10Section by providing the most recent and substantially similar
11report or reports provided by the insurer or another member of
12an insurance group of which the insurer is a member to the
13commissioner of another state or to a supervisor or regulator
14of a foreign jurisdiction, if that report provides information
15that is comparable to the information described in the ORSA
16Guidance Manual. Any such report in a language other than
17English must be accompanied by a translation of that report
18into the English language.
19    (d) The first filing of the ORSA summary report shall be in
202015.
 
21    (215 ILCS 5/129.6 new)
22    Sec. 129.6. Contents of ORSA summary report.
23    (a) The ORSA summary report shall be prepared consistent
24with the ORSA Guidance Manual, subject to the requirements of
25subsection (b) of this Section. Documentation and supporting

 

 

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1information shall be maintained and made available upon
2examination or upon the request of the Director.
3    (b) The review of the ORSA summary report, and any
4additional requests for information, shall be made using
5similar procedures currently used in the analysis and
6examination of multi-state or global insurers and insurance
7groups.
 
8    (215 ILCS 5/129.7 new)
9    Sec. 129.7. Exemption.
10    (a) An insurer shall be exempt from the requirements of
11this Article if:
12        (1) the insurer has annual direct written and
13    unaffiliated assumed premium, including international
14    direct and assumed premium, but excluding premiums
15    reinsured with the Federal Crop Insurance Corporation and
16    Federal Flood Program, less than $500,000,000; and
17        (2) the insurance group of which the insurer is a
18    member has annual direct written and unaffiliated assumed
19    premium, including international direct and assumed
20    premium, but excluding premiums reinsured with the Federal
21    Crop Insurance Corporation and Federal Flood Program, less
22    than $1,000,000,000.
23    (b) If an insurer qualifies for exemption pursuant to item
24(1) of subsection (a) of this Section, but the insurance group
25of which the insurer is a member does not qualify for exemption

 

 

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1pursuant to item (2) of subsection (a) of this Section, then
2the ORSA summary report that may be required pursuant to
3Section 129.5 of this Code shall include every insurer within
4the insurance group. This requirement may be satisfied by the
5submission of more than one ORSA summary report for any
6combination of insurers, provided any combination of reports
7includes every insurer within the insurance group.
8    (c) If an insurer does not qualify for exemption pursuant
9to item (1) of subsection (a) of this Section, but the
10insurance group of which it is a member qualifies for exemption
11pursuant to item (2) of subsection (a) of this Section, then
12the only ORSA summary report that may be required pursuant to
13Section 129.5 shall be the report applicable to that insurer.
14    (d) An insurer that does not qualify for exemption pursuant
15to subsection (a) of this Section may apply to the Director for
16a waiver from the requirements of this Article based upon
17unique circumstances. In deciding whether to grant the
18insurer's request for waiver, the Director may consider the
19type and volume of business written, ownership and
20organizational structure, and any other factor the Director
21considers relevant to the insurer or insurance group of which
22the insurer is a member. If the insurer is part of an insurance
23group with insurers domiciled in more than one state, the
24Director shall coordinate with the lead state commissioner and
25with the other domiciliary commissioners in considering
26whether to grant the insurer's request for a waiver.

 

 

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1    (e) Notwithstanding the exemptions stated in this Section,
2the following provisions shall apply:
3        (1) The Director may require that an insurer maintain a
4    risk management framework, conduct an ORSA, and file an
5    ORSA summary report based on unique circumstances,
6    including, but not limited to, the type and volume of
7    business written, ownership and organizational structure,
8    federal agency requests, and international supervisor
9    requests.
10        (2) The Director may require that an insurer maintain a
11    risk management framework, conduct an ORSA, and file an
12    ORSA summary report if the insurer has risk-based capital
13    for a company action level event as set forth in Section
14    35A-15 of this Code, meets one or more of the standards of
15    an insurer deemed to be in hazardous financial condition as
16    defined in Section 186.1 of this Code, or otherwise
17    exhibits qualities of a troubled insurer as determined by
18    the Director.
19    (f) If an insurer that qualifies for an exemption pursuant
20to subsection (a) of this Section subsequently no longer
21qualifies for that exemption due to changes in premium as
22reflected in the insurer's most recent annual statement or in
23the most recent annual statements of the insurers within the
24insurance group of which the insurer is a member, the insurer
25shall have one year following the year the threshold is
26exceeded to comply with the requirements of this Article.
 

 

 

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1    (215 ILCS 5/129.8 new)
2    Sec. 129.8. Confidentiality.
3    (a) Documents, materials, or other information, including
4the ORSA summary report, in the possession or control of the
5Department that are obtained by, created by, or disclosed to
6the Director or any other person under this Article, is
7recognized by this State as being proprietary and to contain
8trade secrets. All such documents, materials, or other
9information shall be confidential by law and privileged, shall
10not be subject to the Freedom of Information Act, shall not be
11subject to subpoena, and shall not be subject to discovery or
12admissible in evidence in any private civil action. However,
13the Director is authorized to use the documents, materials, or
14other information in the furtherance of any regulatory or legal
15action brought as a part of the Director's official duties. The
16Director shall not otherwise make the documents, materials, or
17other information public without the prior written consent of
18the insurer.
19    (b) Neither the Director nor any person who received
20documents, materials, or other ORSA-related information,
21through examination or otherwise, while acting under the
22authority of the Director or with whom such documents,
23materials, or other information are shared pursuant to this
24Article shall be permitted or required to testify in any
25private civil action concerning any confidential documents,

 

 

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1materials, or information subject to subsection (a) of this
2Section.
3    (c) In order to assist in the performance of regulatory
4duties, the Director may:
5        (1) upon request, share documents, materials, or other
6    ORSA-related information, including the confidential and
7    privileged documents, materials, or information subject to
8    subsection (a) of this Section, including proprietary and
9    trade secret documents and materials with other state,
10    federal, and international financial regulatory agencies,
11    including members of any supervisory college as defined in
12    the Section 131.20c of this Code, with the NAIC, and with
13    any third-party consultants designated by the Director,
14    provided that the recipient agrees in writing to maintain
15    the confidentiality and privileged status of the
16    ORSA-related documents, materials, or other information
17    and has verified in writing the legal authority to maintain
18    confidentiality; and
19        (2) receive documents, materials, or other
20    ORSA-related information, including otherwise confidential
21    and privileged documents, materials, or information,
22    including proprietary and trade-secret information or
23    documents, from regulatory officials of other foreign or
24    domestic jurisdictions, including members of any
25    supervisory college as defined in the Section 131.20c of
26    this Code, and from the NAIC, and shall maintain as

 

 

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1    confidential or privileged any documents, materials, or
2    information received with notice or the understanding that
3    it is confidential or privileged under the laws of the
4    jurisdiction that is the source of the document, material,
5    or information.
6    (d) The Director shall enter into a written agreement with
7the NAIC or a third-party consultant governing sharing and use
8of information provided pursuant to this Article, consistent
9with this Section that shall:
10        (1) specify procedures and protocols regarding the
11    confidentiality and security of information shared with
12    the NAIC or a third-party consultant pursuant to this
13    Article, including procedures and protocols for sharing by
14    the NAIC with other state regulators from states in which
15    the insurance group has domiciled insurers; the agreement
16    shall provide that the recipient agrees in writing to
17    maintain the confidentiality and privileged status of the
18    ORSA-related documents, materials, or other information
19    and has verified in writing the legal authority to maintain
20    confidentiality;
21        (2) specify that ownership of information shared with
22    the NAIC or a third-party consultant pursuant to this
23    Article remains with the Director and the NAIC's or a
24    third-party consultant's use of the information is subject
25    to the direction of the Director;
26        (3) prohibit the NAIC or third-party consultant from

 

 

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1    storing the information shared pursuant to this Article in
2    a permanent database after the underlying analysis is
3    completed;
4        (4) require prompt notice to be given to an insurer
5    whose confidential information in the possession of the
6    NAIC or a third-party consultant pursuant to this Article
7    is subject to a request or subpoena to the NAIC or a
8    third-party consultant for disclosure or production;
9        (5) require the NAIC or a third-party consultant to
10    consent to intervention by an insurer in any judicial or
11    administrative action in which the NAIC or a third-party
12    consultant may be required to disclose confidential
13    information about the insurer shared with the NAIC or a
14    third-party consultant pursuant to this Article; and
15        (6) in the case of an agreement involving a third-party
16    consultant, provide for the insurer's written consent.
17    (e) The sharing of information and documents by the
18Director pursuant to this Article shall not constitute a
19delegation of regulatory authority or rulemaking, and the
20Director is solely responsible for the administration,
21execution, and enforcement of the provisions of this Article.
22    (f) No waiver of any applicable privilege or claim of
23confidentiality in the documents, proprietary and trade-secret
24materials, or other ORSA-related information shall occur as a
25result of disclosure of such ORSA-related information or
26documents to the Director under this Section or as a result of

 

 

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1sharing as authorized in this Article.
2    (g) Documents, materials, or other information in the
3possession or control of the NAIC or any third-party
4consultants pursuant to this Article shall be confidential by
5law and privileged, shall not be subject to the Freedom of
6Information Act, shall not be subject to subpoena, and shall
7not be subject to discovery or admissible in evidence in any
8private civil action.
 
9    (215 ILCS 5/129.9 new)
10    Sec. 129.9. Sanctions. Any insurer failing, without just
11cause, to timely file the ORSA summary report as required in
12this Article shall be required, after notice and hearing, to
13pay a penalty of $200 for each day's delay, to be recovered by
14the Director, and the penalty so recovered shall be paid into
15the General Revenue Fund of this State. The Director may reduce
16the penalty if the insurer demonstrates to the Director that
17the imposition of the penalty would constitute a financial
18hardship to the insurer.
 
19    (215 ILCS 5/131.16)  (from Ch. 73, par. 743.16)
20    Sec. 131.16. Reporting material changes or additions;
21penalty for late registration statement.
22    (1) Each registered company must keep current the
23information required to be included in its registration
24statement by reporting all material changes or additions on

 

 

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1amendment forms designated by the Director within 15 days after
2the end of the month in which it learns of each change or
3addition, or within a longer time thereafter as the Director
4may establish. Any transaction which has been submitted to the
5Director pursuant to Section 131.20a need not be reported to
6the Director under this subsection; except each registered
7company must report all dividends and other distributions to
8shareholders within 5 15 business days following the
9declaration, and no less than 10 business days prior to payment
10thereof.
11    (2) On or before May 1 each year, each company subject to
12registration under this Article shall file a statement in a
13format as designated by the Director. This statement shall
14include information previously included in an amendment under
15subsection (1) of this Section, transactions and agreements
16submitted under Section 131.20a, and any other material
17transactions which are required to be reported.
18    (2.5) Any person within an insurance holding company system
19subject to registration shall be required to provide complete
20and accurate information to a company where the information is
21reasonably necessary to enable the company to comply with the
22provisions of this Article.
23    (3) Any company failing, without just cause, to file any
24registration statement, any summary of changes to a
25registration statement, or any Enterprise Risk Filing or any
26person within an insurance holding company system who fails to

 

 

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1provide complete and accurate information to a company as
2required in this Code shall be required, after notice and
3hearing, to pay a penalty of up to $1,000 for each day's delay,
4to be recovered by the Director of Insurance of the State of
5Illinois, using the notice and hearing procedure in subsection
6(2) of Section 403A of this Code, and the penalty so recovered
7shall be paid into the General Revenue Fund of the State of
8Illinois. The maximum penalty under this section is $50,000.
9The Director may reduce the penalty if the company demonstrates
10to the Director that the imposition of the penalty would
11constitute a financial hardship to the company.
12(Source: P.A. 98-609, eff. 1-1-14.)
 
13    (215 ILCS 5/131.20a)  (from Ch. 73, par. 743.20a)
14    Sec. 131.20a. Prior notification of transactions;
15dividends and distributions.
16    (1) (a) The following transactions listed in items (i)
17through (vii) involving a domestic company and any person in
18its insurance holding company system, including amendments or
19modifications (other than termination) of affiliate agreements
20previously filed pursuant to this Section, which are subject to
21any materiality standards contained in this Section, may not be
22entered into unless the company has notified the Director in
23writing of its intention to enter into such transaction at
24least 30 days prior thereto, or such shorter period as the
25Director may permit, and the Director has not disapproved it

 

 

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1within such period. The notice for amendments or modifications
2(other than termination) shall include the reasons for the
3change and the financial impact on the domestic company.
4Informal notice shall be reported, within 30 days after a
5termination of a previously filed agreement, to the Director
6for determination of the type of filing required, if any.
7        (i) Sales, purchases, exchanges of assets, loans or
8    extensions of credit, guarantees, investments, or any
9    other transaction, except dividends, that involves the
10    transfer of assets from or liabilities to a company (A)
11    equal to or exceeding the lesser of 3% of the company's
12    admitted assets or 25% of its surplus as regards
13    policyholders as of the 31st day of December next preceding
14    or (B) that is proposed when the domestic company is not
15    eligible to declare and pay a dividend or other
16    distribution pursuant to the provisions of Section 27.
17        (ii) Loans or extensions of credit to any person that
18    is not an affiliate (A) that involve the lesser of 3% of
19    the company's admitted assets or 25% of the company's
20    surplus, each as of the 31st day of December next
21    preceding, made with the agreement or understanding that
22    the proceeds of such transactions, in whole or in
23    substantial part, are to be used to make loans or
24    extensions of credit to, to purchase assets of, or to make
25    investments in, any affiliate of the company making such
26    loans or extensions of credit or (B) that are proposed when

 

 

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1    the domestic company is not eligible to declare and pay a
2    dividend or other distribution pursuant to the provisions
3    of Section 27.
4        (iii) Reinsurance agreements or modifications thereto,
5    including all reinsurance pooling agreements, reinsurance
6    agreements in which the reinsurance premium or a change in
7    the company's liabilities, or the projected reinsurance
8    premium or a change in the company's liabilities in any of
9    the next 3 years, equals or exceeds 5% of the company's
10    surplus as regards policyholders, as of the 31st day of
11    December next preceding, including those agreements that
12    may require as consideration the transfer of assets from a
13    company to a nonaffiliate, if an agreement or understanding
14    exists between the company and nonaffiliate that any
15    portion of those assets will be transferred to one or more
16    affiliates of the company.
17        (iv) All management agreements; service contracts,
18    other than agency contracts; tax allocation agreements;
19    all reinsurance allocation agreements related to
20    reinsurance agreements required to be filed under this
21    Section; and all cost-sharing arrangements.
22        (v) Direct or indirect acquisitions or investments in a
23    person that controls the company, or in an affiliate of the
24    company, in an amount which, together with its present
25    holdings in such investments, exceeds 2.5% of the company's
26    surplus as regards policyholders. Direct or indirect

 

 

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1    acquisitions or investments in subsidiaries acquired
2    pursuant to Section 131.2 of this Article (or authorized
3    under any other Section of this Code), or in non-subsidiary
4    insurance affiliates that are subject to the provisions of
5    this Article, are exempt from this requirement.
6        (vi) Any series of the previously described
7    transactions that are substantially similar to each other,
8    that take place within any 180 day period, and that in
9    total are equal to or exceed the lesser of 3% of the
10    domestic company's admitted assets or 25% of its
11    policyholders surplus, as of the 31st day of the December
12    next preceding.
13        (vii) Any other material transaction that the Director
14    by rule determines might render the company's surplus as
15    regards policyholders unreasonable in relation to the
16    company's outstanding liabilities and inadequate to its
17    financial needs or may otherwise adversely affect the
18    interests of the company's policyholders or shareholders.
19    Nothing herein contained shall be deemed to authorize or
20permit any transactions that, in the case of a company not a
21member of the same holding company system, would be otherwise
22contrary to law.
23    (b) Any transaction or contract otherwise described in
24paragraph (a) of this subsection that is between a domestic
25company and any person that is not its affiliate and that
26precedes or follows within 180 days or is concurrent with a

 

 

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1similar transaction between that nonaffiliate and an affiliate
2of the domestic company and that involves amounts that are
3equal to or exceed the lesser of 3% of the domestic company's
4admitted assets or 25% of its surplus as regards policyholders
5at the end of the prior year may not be entered into unless the
6company has notified the Director in writing of its intention
7to enter into the transaction at least 30 days prior thereto or
8such shorter period as the Director may permit, and the
9Director has not disapproved it within such period.
10    (c) A company may not enter into transactions which are
11part of a plan or series of like transactions with any person
12within the holding company system if the purpose of those
13separate transactions is to avoid the statutory threshold
14amount and thus avoid the review that would occur otherwise. If
15the Director determines that such separate transactions were
16entered into for such purpose, he may exercise his authority
17under subsection (2) of Section 131.24.
18    (d) The Director, in reviewing transactions pursuant to
19paragraph (a), shall consider whether the transactions comply
20with the standards set forth in Section 131.20 and whether they
21may adversely affect the interests of policyholders.
22    (e) The Director shall be notified within 30 days of any
23investment of the domestic company in any one corporation if
24the total investment in that corporation by the insurance
25holding company system exceeds 10% of that corporation's voting
26securities.

 

 

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1    (f) Except for those transactions subject to approval under
2other Sections of this Code, any such transaction or agreements
3which are not disapproved by the Director may be effective as
4of the date set forth in the notice required under this
5Section.
6    (g) If a domestic company enters into a transaction
7described in this subsection without having given the required
8notification, the Director, using the notice and hearing
9procedure in subsection (2) of Section 403A of this Code, may
10cause the company to pay a civil forfeiture of not more than
11$250,000. Each transaction so entered shall be considered a
12separate offense.
13    (2) No domestic company subject to registration under
14Section 131.13 may pay any extraordinary dividend or make any
15other extraordinary distribution to its shareholders until:
16(a) 30 days after the Director has received notice of the
17declaration thereof and has not within such period disapproved
18the payment, or (b) the Director approves such payment within
19the 30-day period. For purposes of this subsection, an
20extraordinary dividend or distribution is any dividend or
21distribution of cash or other property whose fair market value,
22together with that of other dividends or distributions, made
23within the period of 12 consecutive months ending on the date
24on which the proposed dividend is scheduled for payment or
25distribution exceeds the greater of: (a) 10% of the company's
26surplus as regards policyholders as of the 31st day of December

 

 

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1next preceding, or (b) the net income of the company for the
212-month period ending the 31st day of December next preceding,
3but does not include pro rata distributions of any class of the
4company's own securities.
5    Notwithstanding any other provision of law, the company may
6declare an extraordinary dividend or distribution which is
7conditional upon the Director's approval, and such a
8declaration confers no rights upon security holders until: (a)
9the Director has approved the payment of the dividend or
10distribution, or (b) the Director has not disapproved the
11payment within the 30-day period referred to above.
12(Source: P.A. 98-609, eff. 1-1-14.)
 
13    (215 ILCS 5/139)  (from Ch. 73, par. 751)
14    Sec. 139. Penalties for late or false annual statement.
15    (1) Any company failing, without just cause, to file its
16financial statements as required in this Code shall be
17required, after notice and hearing, to pay a penalty of up to
18$1,000 for each day's delay, to be recovered by the Director of
19Insurance of the State of Illinois using the notice and hearing
20procedure in subsection (2) of Section 403A of this Code, and
21the penalty so recovered shall be paid into the General Revenue
22fund of the State of Illinois. The Director may reduce the
23penalty if the company demonstrates to the Director that the
24imposition of the penalty would constitute a financial hardship
25to the company.

 

 

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1    Any statement which is not materially complete when filed
2shall not be considered to have been properly filed until those
3deficiencies which make the filing incomplete have been
4corrected and filed.
5    (2) Any director, officer, agent or employee of any
6company, who subscribes to, makes or concurs in making or
7publishing any annual or other statement required by law,
8knowing the same to contain any material statement which is
9false shall, after notice and hearing, be guilty of a business
10offense and shall be fined not more than $50,000.
11    The penalty shall be paid into the General Revenue fund of
12the State of Illinois.
13(Source: P.A. 88-364.)
 
14    Section 97. Severability. The provisions of this Act are
15severable under Section 1.31 of the Statute on Statutes.
 
16    Section 99. Effective date. This Act takes effect July 1,
172015.

 

 

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1 INDEX
2 Statutes amended in order of appearance
3    5 ILCS 140/7.5
4    215 ILCS 5/Art. VIII 1/4
5    heading new
6    215 ILCS 5/129 new
7    215 ILCS 5/129.1 new
8    215 ILCS 5/129.2 new
9    215 ILCS 5/129.3 new
10    215 ILCS 5/129.4 new
11    215 ILCS 5/129.5 new
12    215 ILCS 5/129.6 new
13    215 ILCS 5/129.7 new
14    215 ILCS 5/129.8 new
15    215 ILCS 5/129.9 new
16    215 ILCS 5/131.16from Ch. 73, par. 743.16
17    215 ILCS 5/131.20afrom Ch. 73, par. 743.20a
18    215 ILCS 5/139from Ch. 73, par. 751