65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/Art. 11 Div. 152

(65 ILCS 5/Art. 11 Div. 152 heading) DIVISION 152.

MUNICIPAL INSURANCE AVAILABILITY PROGRAM

65 ILCS 5/11-152-1

(65 ILCS 5/11-152-1) (from Ch. 24, par. 11-152-1)

Sec. 11-152-1.

(a) The corporate authorities of any municipality over
1,000,000 in population
may establish a
municipal insurance availability program to make available to the residents
of such municipality, who are
otherwise unable to obtain such insurance at affordable rates,
insurance against damage or loss, including the costs of diagnosis
or repair, where the proximate cause of such damage or loss is attributable
to the breakage or stoppage of a water or sewage drainage system or pipes, apparatus
and conduits utilized in connection therewith.

(b) The corporate authorities shall establish uniform eligibility
requirements for participation in the program.

(c) The corporate authorities shall appoint a program administrator to
operate the program.

(Source: P.A. 84-1431.)

65 ILCS 5/11-152-2

(65 ILCS 5/11-152-2) (from Ch. 24, par. 11-152-2)

Sec. 11-152-2.

(a) The municipal insurance availability program shall
offer to each eligible resident
coverage in the amount and type determined to be sufficient by the program administrator.

(b) Premiums charged for coverage issued under the program shall be
reasonable in relation to the coverage
provided.

(c) The program administrator shall establish a premium billing
procedure for collection of premiums from insureds on a periodic basis.

(d) The program administrator shall perform all necessary functions to
assure timely payment of claims under the program.

(Source: P.A. 84-1431.)

65 ILCS 5/11-152-3

(65 ILCS 5/11-152-3) (from Ch. 24, par. 11-152-3)

Sec. 11-152-3.

Revenues received under the municipal insurance
availability program shall be used to
pay the costs of the program and to maintain and service the municipality's
water and sewage drainage system.

(Source: P.A. 84-1431.)

65 ILCS 5/11-152-4

(65 ILCS 5/11-152-4) (from Ch. 24, par. 11-152-4)

Sec. 11-152-4.

Municipal insurance availability programs organized
under this Division 152 of Article 11 of the Illinois Municipal Code shall
be subject to all applicable provisions of the Illinois Insurance Code.

(Source: P.A. 84-1431.)