Illinois General Assembly - Full Text of HB4129
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Full Text of HB4129  93rd General Assembly

HB4129 93RD GENERAL ASSEMBLY


 


 
93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB4129

 

Introduced 1/16/2004, by Terry R. Parke

 

SYNOPSIS AS INTRODUCED:
 
215 ILCS 5/801.1

    Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the legislative purpose of the mine subsidence insurance Article of the Act.


LRB093 16893 SAS 42550 b

 

 

A BILL FOR

 

HB4129 LRB093 16893 SAS 42550 b

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 make
13 the Fund the reinsurer for the mine subsidence insurance made
14 available under this Article.
15 (Source: P.A. 88-379.)