93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB4472

 

Introduced 02/03/04, by Frank J. Mautino

 

SYNOPSIS AS INTRODUCED:
 
215 ILCS 5/123B-8   from Ch. 73, par. 735B-8
215 ILCS 5/179A-15
215 ILCS 5/179E-65
215 ILCS 5/408   from Ch. 73, par. 1020

    Amends the Illinois Insurance Code. Increases various fees imposed by the Department of Insurance. Effective immediately.


LRB093 16344 SAS 41982 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4472 LRB093 16344 SAS 41982 b

1     AN ACT concerning the Department of Insurance.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Illinois Insurance Code is amended by
5 changing Sections 123B-8, 179A-15, 179E-65, and 408 as follows:
 
6     (215 ILCS 5/123B-8)  (from Ch. 73, par. 735B-8)
7     Sec. 123B-8. Notice and registration requirements of
8 purchasing groups.
9     A. A purchasing group that intends to do business in this
10 State shall, prior to doing business, furnish notice to the
11 Director, on a form prescribed by the Director, that shall:
12         (1) identify the state in which the group is domiciled;
13         (2) specify the lines and classifications of liability
14     insurance which the purchasing group intends to purchase;
15         (3) identify the insurance company from which the group
16     intends to purchase its insurance and the domicile of such
17     company;
18         (4) specify the method by which, and the person or
19     persons, if any, through whom insurance will be offered to
20     its members whose risks are resident or located in this
21     State;
22         (5) identify the principal place of business of the
23     group;
24         (6) identify all other states in which the group
25     intends to do business; and
26         (7) provide such other information as may be required
27     by the Director to verify that the purchasing group is
28     qualified under subsection (10) of Section 123B-2 of this
29     Article.
30     B. A purchasing group shall, within 10 days, notify the
31 Director of any changes in any item set forth in subsection A
32 of this Section.

 

 

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1     C. The purchasing group shall register with and designate
2 the Director as its agent solely for the purpose of receiving
3 service of legal documents or process, for which a filing fee
4 of $200 $100 payable to the Director shall be required, except
5 that such requirements shall not apply in the case of a
6 purchasing group:
7         (1) which in any state of the United States:
8             (a) was domiciled before April 2, 1986; and
9             (b) is domiciled on and after October 27, 1986, in
10         any state of the United States;
11         (2) which:
12             (a) before October 27, 1986, purchased insurance
13         from an insurance carrier licensed in any state; and
14             (b) since October 27, 1986, purchased its
15         insurance from an insurance carrier licensed in any
16         state;
17         (3) which was a purchasing group under the requirements
18     of the Product Liability Risk Retention Act of 1981 before
19     October 27, 1986; and
20         (4) which does not purchase insurance that was not
21     authorized for purposes of an exemption under that Act, as
22     in effect before October 27, 1986.
23     D. Any purchasing group which was doing business in this
24 State prior to August 3, 1987, shall, within 30 days after that
25 date, furnish notice to the Director pursuant to the provisions
26 of subsection A of this Section and furnish such information as
27 may be required pursuant to subsection B of this Section.
28 (Source: P.A. 87-1090.)
 
29     (215 ILCS 5/179A-15)
30     Sec. 179A-15. Establishment of protected cells.
31     (a) A domestic company may, with the prior written approval
32 by the Director of a plan of operation submitted by the
33 domestic company with respect to each protected cell, establish
34 one or more protected cells in connection with an insurance
35 securitization. Upon the written approval by the Director of

 

 

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1 the plan of operation, which shall include, but not be limited
2 to, the specific business and investment guidelines of the
3 protected cell, the protected cell company may, in accordance
4 with the approved plan of operation, attribute to the protected
5 cell insurance obligations with respect to its insurance
6 business and obligations relating to the insurance
7 securitization and assets to fund those obligations. A
8 protected cell shall have its own distinct name or designation,
9 which shall include the words "protected cell". The protected
10 cell company shall transfer all assets attributable to a
11 protected cell to one or more separately established and
12 identified protected cell accounts bearing the name or
13 designation of that protected cell. Protected cell assets shall
14 be held in the protected cell accounts for the purpose of
15 satisfying the obligations of that protected cell. The Director
16 shall charge $5,000 for filing a plan of operation.
17     (b) All attributions of assets and liabilities between a
18 protected cell and the general account shall be in accordance
19 with the plan of operation approved by the Director. No other
20 attribution of assets or liabilities may be made by a protected
21 cell company between the protected cell company's general
22 account and its protected cells. Any attribution of assets and
23 liabilities between the general account and a protected cell or
24 from investors in the form of principal on a debt instrument
25 issued by a protected cell company shall be in cash or in
26 readily marketable securities with established market values.
27     (c) The creation of a protected cell does not create, in
28 respect of that protected cell, a legal person separate from
29 the protected cell company. Amounts attributed to a protected
30 cell under this Article, including assets transferred to a
31 protected cell account, are owned by the protected cell company
32 and the protected cell company may not be, nor hold itself out
33 to be, a trustee with respect to those protected cell assets of
34 that protected cell account. Notwithstanding the foregoing,
35 the company may allow for a security interest to attach to
36 protected cell assets or a protected cell account when in favor

 

 

HB4472 - 4 - LRB093 16344 SAS 41982 b

1 of a creditor of the protected cell and otherwise allowed under
2 applicable law.
3     (d) This Article shall not be construed to prohibit the
4 protected cell company from contracting with or arranging for
5 an investment advisor, commodity trading advisor, or other
6 third party to manage the protected cell assets of a protected
7 cell, provided that all remuneration, expenses, and other
8 compensation of the third party advisor or manager are payable
9 from the protected cell assets of that protected cell and not
10 from the protected cell assets of other protected cells or the
11 assets of the protected cell company's general account.
12     (e) A protected cell company shall establish
13 administrative and accounting procedures necessary to properly
14 identify the one or more protected cells of the protected cell
15 company and the protected cell assets and protected cell
16 liabilities attributable to the protected cells. It shall be
17 the duty of the directors of a protected cell company to:
18         (1) keep protected cell assets and protected cell
19     liabilities separate and separately identifiable from the
20     assets and liabilities of the protected cell company's
21     general account; and
22         (2) keep protected cell assets and protected cell
23     liabilities attributable to one protected cell separate
24     and separately identifiable from protected cell assets and
25     protected cell liabilities attributable to other protected
26     cells.
27     If this Section is violated, the remedy of tracing shall be
28 applicable to protected cell assets when commingled with
29 protected cell assets of other protected cells or the assets of
30 the protected cell company's general account. The remedy of
31 tracing shall not be construed as an exclusive remedy.
32     (f) The protected cell company shall, when establishing a
33 protected cell, attribute to the protected cell assets with a
34 value at least equal to the reserves and other insurance
35 liabilities attributed to that protected cell.
36 (Source: P.A. 91-278, eff. 7-23-99; 92-74, eff. 7-12-01.)
 

 

 

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1     (215 ILCS 5/179E-65)
2     Sec. 179E-65. Fees and taxes. The Director shall charge:
3     (1) $5,000 for review of the plan of operation of a SPRV.
4     (2) $1,000 for filing financial statements.
5      The Director may charge fees to reimburse the Director for
6 expenses and costs incurred by the Department incident to the
7 examination of financial statements and review of the plan of
8 operation and to reimburse other such activities of the
9 Director related to the formation and ongoing operation of an
10 SPRV. An SPRV is not be subject to State premium or other State
11 taxes incidental to the operation of its business as long as
12 the business remains within the limitations of this Article.
13 (Source: P.A. 92-124, eff. 7-20-01.)
 
14     (215 ILCS 5/408)  (from Ch. 73, par. 1020)
15     Sec. 408. Fees and charges.
16     (1) The Director shall charge, collect and give proper
17 acquittances for the payment of the following fees and charges:
18         (a) For filing all documents submitted for the
19     incorporation or organization or certification of a
20     domestic company, except for a fraternal benefit society,
21     $2,000.
22         (b) For filing all documents submitted for the
23     incorporation or organization of a fraternal benefit
24     society, $500.
25         (c) For filing amendments to articles of incorporation
26     and amendments to declaration of organization, except for a
27     fraternal benefit society, a mutual benefit association, a
28     burial society or a farm mutual, $200.
29         (d) For filing amendments to articles of incorporation
30     of a fraternal benefit society, a mutual benefit
31     association or a burial society, $100.
32         (e) For filing amendments to articles of incorporation
33     of a farm mutual, $50.
34         (f) For filing bylaws or amendments thereto, $50.

 

 

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1         (g) For filing agreement of merger or consolidation:
2             (i) for a domestic company, except for a fraternal
3         benefit society, a mutual benefit association, a
4         burial society, or a farm mutual, $2,000.
5             (ii) for a foreign or alien company, except for a
6         fraternal benefit society, $600.
7             (iii) for a fraternal benefit society, a mutual
8         benefit association, a burial society, or a farm
9         mutual, $200.
10         (h) For filing agreements of reinsurance by a domestic
11     company, $200.
12         (i) For filing all documents submitted by a foreign or
13     alien company to be admitted to transact business or
14     accredited as a reinsurer in this State, except for a
15     fraternal benefit society, $5,000.
16         (j) For filing all documents submitted by a foreign or
17     alien fraternal benefit society to be admitted to transact
18     business in this State, $500.
19         (k) For filing declaration of withdrawal of a foreign
20     or alien company, $50.
21         (l) For filing annual statement, except a fraternal
22     benefit society, a mutual benefit association, a burial
23     society, or a farm mutual, $200.
24         (m) For filing annual statement by a fraternal benefit
25     society, $100.
26         (n) For filing annual statement by a farm mutual, a
27     mutual benefit association, or a burial society, $50.
28         (o) For issuing a certificate of authority or renewal
29     thereof except to a fraternal benefit society, $200.
30         (p) For issuing a certificate of authority or renewal
31     thereof to a fraternal benefit society, $100.
32         (q) For issuing an amended certificate of authority,
33     $50.
34         (r) For each certified copy of certificate of
35     authority, $20.
36         (s) For each certificate of deposit, or valuation, or

 

 

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1     compliance or surety certificate, $20.
2         (t) For copies of papers or records per page, $2 $1.
3         (u) For each certification to copies of papers or
4     records, $20 $10.
5         (v) For multiple copies of documents or certificates
6     listed in subparagraphs (r), (s), and (u) of paragraph (1)
7     of this Section, $20 $10 for the first copy of a
8     certificate of any type and $10 $5 for each additional copy
9     of the same certificate requested at the same time, unless,
10     pursuant to paragraph (2) of this Section, the Director
11     finds these additional fees excessive.
12         (w) For issuing a permit to sell shares or increase
13     paid-up capital:
14             (i) in connection with a public stock offering,
15         $300;
16             (ii) in any other case, $100.
17         (x) For issuing any other certificate required or
18     permissible under the law, $50.
19         (y) For filing a plan of exchange of the stock of a
20     domestic stock insurance company, a plan of
21     demutualization of a domestic mutual company, or a plan of
22     reorganization under Article XII, $2,000.
23         (z) For filing a statement of acquisition of a domestic
24     company as defined in Section 131.4 of this Code, $2,000.
25         (aa) For filing an agreement to purchase the business
26     of an organization authorized under the Dental Service Plan
27     Act or the Voluntary Health Services Plans Act or of a
28     health maintenance organization or a limited health
29     service organization, $2,000.
30         (bb) For filing a statement of acquisition of a foreign
31     or alien insurance company as defined in Section 131.12a of
32     this Code, $1,000.
33         (cc) For filing a registration statement as required in
34     Sections 131.13 and 131.14, the notification as required by
35     Sections 131.16, 131.20a, or 141.4, or an agreement or
36     transaction required by Sections 124.2(2), 141, 141a, or

 

 

HB4472 - 8 - LRB093 16344 SAS 41982 b

1     141.1, $200.
2         (dd) For filing an application for licensing of:
3             (i) a religious or charitable risk pooling trust or
4         a workers' compensation pool, $1,000;
5             (ii) a workers' compensation service company,
6         $500;
7             (iii) a self-insured automobile fleet, $200; or
8             (iv) a renewal of or amendment of any license
9         issued pursuant to (i), (ii), or (iii) above, $100.
10         (ee) For filing articles of incorporation for a
11     syndicate to engage in the business of insurance through
12     the Illinois Insurance Exchange, $2,000.
13         (ff) For filing amended articles of incorporation for a
14     syndicate engaged in the business of insurance through the
15     Illinois Insurance Exchange, $100.
16         (gg) For filing articles of incorporation for a limited
17     syndicate to join with other subscribers or limited
18     syndicates to do business through the Illinois Insurance
19     Exchange, $1,000.
20         (hh) For filing amended articles of incorporation for a
21     limited syndicate to do business through the Illinois
22     Insurance Exchange, $100.
23         (ii) For a permit to solicit subscriptions to a
24     syndicate or limited syndicate, $100.
25         (jj) For the filing of each form as required in Section
26     143 of this Code, $50 per form. The fee for advisory and
27     rating organizations shall be $200 per form.
28             (i) For the purposes of the form filing fee,
29         filings made on insert page basis will be considered
30         one form at the time of its original submission.
31         Changes made to a form subsequent to its approval shall
32         be considered a new filing.
33             (ii) Only one fee shall be charged for a form,
34         regardless of the number of other forms or policies
35         with which it will be used.
36             (iii) Fees charged for a policy filed as it will be

 

 

HB4472 - 9 - LRB093 16344 SAS 41982 b

1         issued regardless of the number of forms comprising
2         that policy shall not exceed $1,000 or $2,000 for
3         advisory or rating organizations.
4             (iv) The Director may by rule exempt forms from
5         such fees.
6         (kk) For filing an application for licensing of a
7     reinsurance intermediary, $500.
8         (ll) For filing an application for renewal of a license
9     of a reinsurance intermediary, $200.
10     (2) When printed copies or numerous copies of the same
11 paper or records are furnished or certified, the Director may
12 reduce such fees for copies if he finds them excessive. He may,
13 when he considers it in the public interest, furnish without
14 charge to state insurance departments and persons other than
15 companies, copies or certified copies of reports of
16 examinations and of other papers and records.
17     (3) The expenses incurred in any performance examination
18 authorized by law shall be paid by the company or person being
19 examined. The charge shall be reasonably related to the cost of
20 the examination including but not limited to compensation of
21 examiners, electronic data processing costs, supervision and
22 preparation of an examination report and lodging and travel
23 expenses. All lodging and travel expenses shall be in accord
24 with the applicable travel regulations as published by the
25 Department of Central Management Services and approved by the
26 Governor's Travel Control Board, except that out-of-state
27 lodging and travel expenses related to examinations authorized
28 under Section 132 shall be in accordance with travel rates
29 prescribed under paragraph 301-7.2 of the Federal Travel
30 Regulations, 41 C.F.R. 301-7.2, for reimbursement of
31 subsistence expenses incurred during official travel. All
32 lodging and travel expenses may be reimbursed directly upon
33 authorization of the Director. With the exception of the direct
34 reimbursements authorized by the Director, all performance
35 examination charges collected by the Department shall be paid
36 to the Insurance Producers Administration Fund, however, the

 

 

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1 electronic data processing costs incurred by the Department in
2 the performance of any examination shall be billed directly to
3 the company being examined for payment to the Statistical
4 Services Revolving Fund.
5     (4) At the time of any service of process on the Director
6 as attorney for such service, the Director shall charge and
7 collect the sum of $20, which may be recovered as taxable costs
8 by the party to the suit or action causing such service to be
9 made if he prevails in such suit or action.
10     (5) (a) The costs incurred by the Department of Insurance
11 in conducting any hearing authorized by law shall be assessed
12 against the parties to the hearing in such proportion as the
13 Director of Insurance may determine upon consideration of all
14 relevant circumstances including: (1) the nature of the
15 hearing; (2) whether the hearing was instigated by, or for the
16 benefit of a particular party or parties; (3) whether there is
17 a successful party on the merits of the proceeding; and (4) the
18 relative levels of participation by the parties.
19     (b) For purposes of this subsection (5) costs incurred
20 shall mean the hearing officer fees, court reporter fees, and
21 travel expenses of Department of Insurance officers and
22 employees; provided however, that costs incurred shall not
23 include hearing officer fees or court reporter fees unless the
24 Department has retained the services of independent
25 contractors or outside experts to perform such functions.
26     (c) The Director shall make the assessment of costs
27 incurred as part of the final order or decision arising out of
28 the proceeding; provided, however, that such order or decision
29 shall include findings and conclusions in support of the
30 assessment of costs. This subsection (5) shall not be construed
31 as permitting the payment of travel expenses unless calculated
32 in accordance with the applicable travel regulations of the
33 Department of Central Management Services, as approved by the
34 Governor's Travel Control Board. The Director as part of such
35 order or decision shall require all assessments for hearing
36 officer fees and court reporter fees, if any, to be paid

 

 

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1 directly to the hearing officer or court reporter by the
2 party(s) assessed for such costs. The assessments for travel
3 expenses of Department officers and employees shall be
4 reimbursable to the Director of Insurance for deposit to the
5 fund out of which those expenses had been paid.
6     (d) The provisions of this subsection (5) shall apply in
7 the case of any hearing conducted by the Director of Insurance
8 not otherwise specifically provided for by law.
9     (6) The Director shall charge and collect an annual
10 financial regulation fee from every domestic company for
11 examination and analysis of its financial condition and to fund
12 the internal costs and expenses of the Interstate Insurance
13 Receivership Commission as may be allocated to the State of
14 Illinois and companies doing an insurance business in this
15 State pursuant to Article X of the Interstate Insurance
16 Receivership Compact. The fee shall be the greater fixed amount
17 based upon the combination of nationwide direct premium income
18 and nationwide reinsurance assumed premium income or upon
19 admitted assets calculated under this subsection as follows:
20         (a) Combination of nationwide direct premium income
21     and nationwide reinsurance assumed premium.
22             (i) $150, if the premium is less than $500,000 and
23         there is no reinsurance assumed premium;
24             (ii) $750, if the premium is $500,000 or more, but
25         less than $5,000,000 and there is no reinsurance
26         assumed premium; or if the premium is less than
27         $5,000,000 and the reinsurance assumed premium is less
28         than $10,000,000;
29             (iii) $3,750, if the premium is less than
30         $5,000,000 and the reinsurance assumed premium is
31         $10,000,000 or more;
32             (iv) $7,500, if the premium is $5,000,000 or more,
33         but less than $10,000,000;
34             (v) $18,000, if the premium is $10,000,000 or more,
35         but less than $25,000,000;
36             (vi) $22,500, if the premium is $25,000,000 or

 

 

HB4472 - 12 - LRB093 16344 SAS 41982 b

1         more, but less than $50,000,000;
2             (vii) $30,000, if the premium is $50,000,000 or
3         more, but less than $100,000,000;
4             (viii) $37,500, if the premium is $100,000,000 or
5         more.
6         (b) Admitted assets.
7             (i) $150, if admitted assets are less than
8         $1,000,000;
9             (ii) $750, if admitted assets are $1,000,000 or
10         more, but less than $5,000,000;
11             (iii) $3,750, if admitted assets are $5,000,000 or
12         more, but less than $25,000,000;
13             (iv) $7,500, if admitted assets are $25,000,000 or
14         more, but less than $50,000,000;
15             (v) $18,000, if admitted assets are $50,000,000 or
16         more, but less than $100,000,000;
17             (vi) $22,500, if admitted assets are $100,000,000
18         or more, but less than $500,000,000;
19             (vii) $30,000, if admitted assets are $500,000,000
20         or more, but less than $1,000,000,000;
21             (viii) $37,500, if admitted assets are
22         $1,000,000,000 or more.
23         (c) The sum of financial regulation fees charged to the
24     domestic companies of the same affiliated group shall not
25     exceed $250,000 in the aggregate in any single year and
26     shall be billed by the Director to the member company
27     designated by the group.
28     (7) The Director shall charge and collect an annual
29 financial regulation fee from every foreign or alien company,
30 except fraternal benefit societies, for the examination and
31 analysis of its financial condition and to fund the internal
32 costs and expenses of the Interstate Insurance Receivership
33 Commission as may be allocated to the State of Illinois and
34 companies doing an insurance business in this State pursuant to
35 Article X of the Interstate Insurance Receivership Compact. The
36 fee shall be a fixed amount based upon Illinois direct premium

 

 

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1 income and nationwide reinsurance assumed premium income in
2 accordance with the following schedule:
3         (a) $150, if the premium is less than $500,000 and
4     there is no reinsurance assumed premium;
5         (b) $750, if the premium is $500,000 or more, but less
6     than $5,000,000 and there is no reinsurance assumed
7     premium; or if the premium is less than $5,000,000 and the
8     reinsurance assumed premium is less than $10,000,000;
9         (c) $3,750, if the premium is less than $5,000,000 and
10     the reinsurance assumed premium is $10,000,000 or more;
11         (d) $7,500, if the premium is $5,000,000 or more, but
12     less than $10,000,000;
13         (e) $18,000, if the premium is $10,000,000 or more, but
14     less than $25,000,000;
15         (f) $22,500, if the premium is $25,000,000 or more, but
16     less than $50,000,000;
17         (g) $30,000, if the premium is $50,000,000 or more, but
18     less than $100,000,000;
19         (h) $37,500, if the premium is $100,000,000 or more.
20     The sum of financial regulation fees under this subsection
21 (7) charged to the foreign or alien companies within the same
22 affiliated group shall not exceed $250,000 in the aggregate in
23 any single year and shall be billed by the Director to the
24 member company designated by the group.
25     (8) Beginning January 1, 1992, the financial regulation
26 fees imposed under subsections (6) and (7) of this Section
27 shall be paid by each company or domestic affiliated group
28 annually. After January 1, 1994, the fee shall be billed by
29 Department invoice based upon the company's premium income or
30 admitted assets as shown in its annual statement for the
31 preceding calendar year. The invoice is due upon receipt and
32 must be paid no later than June 30 of each calendar year. All
33 financial regulation fees collected by the Department shall be
34 paid to the Insurance Financial Regulation Fund. The Department
35 may not collect financial examiner per diem charges from
36 companies subject to subsections (6) and (7) of this Section

 

 

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1 undergoing financial examination after June 30, 1992.
2     (9) In addition to the financial regulation fee required by
3 this Section, a company undergoing any financial examination
4 authorized by law shall pay the following costs and expenses
5 incurred by the Department: electronic data processing costs,
6 the expenses authorized under Section 131.21 and subsection (d)
7 of Section 132.4 of this Code, and lodging and travel expenses.
8     Electronic data processing costs incurred by the
9 Department in the performance of any examination shall be
10 billed directly to the company undergoing examination for
11 payment to the Statistical Services Revolving Fund. Except for
12 direct reimbursements authorized by the Director or direct
13 payments made under Section 131.21 or subsection (d) of Section
14 132.4 of this Code, all financial regulation fees and all
15 financial examination charges collected by the Department
16 shall be paid to the Insurance Financial Regulation Fund.
17     All lodging and travel expenses shall be in accordance with
18 applicable travel regulations published by the Department of
19 Central Management Services and approved by the Governor's
20 Travel Control Board, except that out-of-state lodging and
21 travel expenses related to examinations authorized under
22 Sections 132.1 through 132.7 shall be in accordance with travel
23 rates prescribed under paragraph 301-7.2 of the Federal Travel
24 Regulations, 41 C.F.R. 301-7.2, for reimbursement of
25 subsistence expenses incurred during official travel. All
26 lodging and travel expenses may be reimbursed directly upon the
27 authorization of the Director.
28     In the case of an organization or person not subject to the
29 financial regulation fee, the expenses incurred in any
30 financial examination authorized by law shall be paid by the
31 organization or person being examined. The charge shall be
32 reasonably related to the cost of the examination including,
33 but not limited to, compensation of examiners and other costs
34 described in this subsection.
35     (10) Any company, person, or entity failing to make any
36 payment of $150 or more as required under this Section shall be

 

 

HB4472 - 15 - LRB093 16344 SAS 41982 b

1 subject to the penalty and interest provisions provided for in
2 subsections (4) and (7) of Section 412.
3     (11) Unless otherwise specified, all of the fees collected
4 under this Section shall be paid into the Insurance Financial
5 Regulation Fund.
6     (12) For purposes of this Section:
7         (a) "Domestic company" means a company as defined in
8     Section 2 of this Code which is incorporated or organized
9     under the laws of this State, and in addition includes a
10     not-for-profit corporation authorized under the Dental
11     Service Plan Act or the Voluntary Health Services Plans
12     Act, a health maintenance organization, and a limited
13     health service organization.
14         (b) "Foreign company" means a company as defined in
15     Section 2 of this Code which is incorporated or organized
16     under the laws of any state of the United States other than
17     this State and in addition includes a health maintenance
18     organization and a limited health service organization
19     which is incorporated or organized under the laws of any
20     state of the United States other than this State.
21         (c) "Alien company" means a company as defined in
22     Section 2 of this Code which is incorporated or organized
23     under the laws of any country other than the United States.
24         (d) "Fraternal benefit society" means a corporation,
25     society, order, lodge or voluntary association as defined
26     in Section 282.1 of this Code.
27         (e) "Mutual benefit association" means a company,
28     association or corporation authorized by the Director to do
29     business in this State under the provisions of Article
30     XVIII of this Code.
31         (f) "Burial society" means a person, firm,
32     corporation, society or association of individuals
33     authorized by the Director to do business in this State
34     under the provisions of Article XIX of this Code.
35         (g) "Farm mutual" means a district, county and township
36     mutual insurance company authorized by the Director to do

 

 

HB4472 - 16 - LRB093 16344 SAS 41982 b

1     business in this State under the provisions of the Farm
2     Mutual Insurance Company Act of 1986.
3 (Source: P.A. 93-32, eff. 7-1-03.)
 
4     Section 99. Effective date. This Act takes effect upon
5 becoming law.