INS REGISTERD FIRM-LLC
Synopsis of Bill as introduced:
Amends the Illinois Insurance Code. Provides that a registered
firm may be a limited liability company. Provides that a limited
liability company that transacts insurance business as an insurance
agency shall register with the Director of Insurance.
HOUSE AMENDMENT NO. 1.
Deletes reference to:
215 ILCS 5/491.1
215 ILCS 5/499.1
Adds reference to:
215 ILCS 5/143.32 new
625 ILCS 5/9-101 from Ch. 95 1/2, par. 9-101
625 ILCS 5/9-102 from Ch. 95 1/2, par. 9-102
625 ILCS 5/9-105 from Ch. 95 1/2, par. 9-105
Replaces the title and everything after the enacting clause.
Amends the Illinois Insurance Code and Illinois Motor Vehicle Code.
Provides that with respect to motor vehicles, the method used to prove
financial responsibility shall be deemed to be the primary coverage
for losses resulting from the use of the motor vehicle.
FISCAL NOTE, AMENDED (Dpt. Insurance)
HB224, amended, will have no fiscal impact on the Department.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
Full Text Bill Status