91st General Assembly
Summary of SB0433
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Senate Sponsors:
MADIGAN,R.

Short description: 
MUNI CD-FIRE INS FEE-REPORT                                                

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Code.  Provides  that  the  tax  or      
   license  fee collected from fire insurance companies shall be paid          
   to the treasurer of the Foreign Fire Insurance Board if there is  one,      
   or  to  the  municipal  treasurer  or secretary of the fire protection      
   district.  Provides that an agent who collects the fee on behalf of  a      
   Foreign  Fire  Insurance  Board,  a municipality, or a fire protection      
   district, shall pay all collected amounts,  less  a  fee  charged  for      
   collection,  to the treasurer of the Foreign Fire Insurance Board, the      
   municipal treasurer, or the secretary of the fire protection  district      
   by  the 15th of August of each year.  Sets the maximum fee that can be      
   charged by an agent  for  the  collection  of  funds.   Requires  each      
   Foreign   Fire  Insurance  Board,  municipality,  or  fire  protection      
   district to file an annual report with the  Department  of  Insurance.      
   Provides that information required to be provided to the Department of      
   Insurance  shall be available for public inspection upon the filing of      
   a request under the Freedom of Information  Act.   Provides  that  the      
   Department  of  Insurance,  fire department, or other interested party      
   may  bring  suit  against   each   Foreign   Fire   Insurance   Board,      
   municipality,  fire  protection  district,  or agent of a Foreign Fire      
   Insurance Board, municipality, or fire protection district that  fails      
   to  comply  with  the  reporting  requirement.   Makes  other changes.      
   Effective July 1, 1999.                                                     
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status