97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB1306

 

Introduced 02/09/11, by Rep. Donald L. Moffitt

 

SYNOPSIS AS INTRODUCED:
 
425 ILCS 25/12  from Ch. 127 1/2, par. 16

    Amends the Fire Investigation Act. Provides that the amount annually assessed by the Department of Insurance on every fire insurance company and entity doing any form of fire insurance business in the State of Illinois may not exceed 1% of the gross fire, sprinkler leakage, riot, civil commotion, explosion, and motor vehicle risk premium receipts (rather than motor vehicle fire risk premium receipts) of the company or entity from business done in the State.


LRB097 05245 JDS 45296 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB1306LRB097 05245 JDS 45296 b

1    AN ACT concerning safety.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Fire Investigation Act is amended by
5changing Section 12 as follows:
 
6    (425 ILCS 25/12)  (from Ch. 127 1/2, par. 16)
7    Sec. 12. Every fire insurance company, whether upon the
8stock or mutual plan, and every other personal or business
9entity doing any form of fire insurance business in the State
10of Illinois, shall pay to the Department of Insurance in the
11month of March, such amount as may be assessed by the
12Department of Insurance, which may not exceed 1% of the gross
13fire, sprinkler leakage, riot, civil commotion, explosion, and
14motor vehicle fire risk premium receipts of such company or
15other entity from such business done in the State of Illinois
16during the preceding year, and shall make an annual report or
17statement under oath to the Department specifying the amount of
18such premiums received during the preceding year. The
19Department of Insurance shall pay the money so received into
20the Fire Prevention Fund, to be used as specified in Section
2113.1 of this Act.
22(Source: P.A. 85-718.)