SB2414 93RD GENERAL ASSEMBLY

LRB093 20654 SAS 46503 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
SB2414

Introduced 2/3/2004, by William R. Haine

SYNOPSIS AS INTRODUCED:

215 ILCS 5/155.20

from Ch. 73, par. 767.20

Amends the Illinois Insurance Code. Adds a caption to a Section concerning arbitration of medical malpractice disputes.

A BILL FOR

AN ACT concerning insurance.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Insurance Code is amended by changing Section 155.20 as follows:

(215 ILCS 5/155.20) (from Ch. 73, par. 767.20)

Sec. 155.20. Medical malpractice disputes; arbitration. All final arbitration decisions rendered in relation to disputes or controversies arising out of injuries allegedly caused by reason of hospital or health care provider malpractice shall be recognized by any insurance company doing business in the State of Illinois and all findings of facts relating to liability and awards of damages in relation thereto which are a part of the final arbitration decision shall be binding on such insurance companies.

(Source: P.A. 79-1435.)