SB0701 97TH GENERAL ASSEMBLY

LRB097 04444 RPM 44483 b

97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB0701

Introduced 2/8/2011, by Sen. John J. Cullerton

SYNOPSIS AS INTRODUCED:

215 ILCS 5/155.20

from Ch. 73, par. 767.20

Amends the Illinois Insurance Code. Makes a technical change in a Section concerning arbitration of medical malpractice disputes.

A BILL FOR

AN ACT concerning regulation.

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. 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 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.)