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92_HB3239 LRB9207165TAtm 1 AN ACT concerning 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 Section 801.1 as follows: 6 (215 ILCS 5/801.1) 7 Sec. 801.1. Legislative purpose.
Purpose. The purpose of 8 this Article is to require insurers to make mine subsidence 9 insurance coverage available for residences, living units and 10 commercial buildings located in Illinois; to establish the 11 Illinois Mine Subsidence Insurance Fund; to divide the Fund 12 into separate residential and commercial sub-funds; and to 13 make the Fund the reinsurer for the mine subsidence insurance 14 made available under this Article. 15 (Source: P.A. 88-379.)
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