Illinois General Assembly - Illinois Compiled Statutes

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

5 ILCS 375/13

(5 ILCS 375/13) (from Ch. 127, par. 533)

Sec. 13.

There is established a Group Insurance Premium Fund
administered by the Director which shall include: (1) amounts paid by covered
members for optional life insurance and (2)
refunds which may be received from (a) the group carrier or carriers which
may result from favorable experience as described in Section 12 herein or
(b) from any other source from which the State is reasonably and properly
entitled to refund as a result of the life insurance

program.  The Group Insurance Premium Fund shall be a continuing fund not
subject to fiscal year limitations.

The State of Illinois shall at least once each month make payment on behalf
of each member, except one who is a member by virtue of participation in a
program created under subsection (i), (j), (k), or (l) of Section 10 of this
Act, to the appropriate carrier or, if applicable, carriers insuring State
members under the contracted group life insurance program authorized by this Act.

Refunds to members for premiums paid for optional life insurance coverage
may be paid from the Group Insurance Premium Fund  without regard  to the
fact  that  the  premium  being refunded may have been paid in a different
fiscal year.

(Source: P.A. 102-19, eff. 7-1-21.)