SB1806 99TH GENERAL ASSEMBLY

LRB099 07367 MLM 27481 b

99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB1806

Introduced 2/20/2015, by Sen. William R. Haine

SYNOPSIS AS INTRODUCED:

215 ILCS 5/548

from Ch. 73, par. 1065.98

Amends the Illinois Insurance Code. Provides that the board of directors of the Insurance Guaranty Fund shall submit a financial report to the Director of Insurance no later than April 30 (previously March 30) of each year.

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 548 as follows:

(215 ILCS 5/548) (from Ch. 73, par. 1065.98)

Sec. 548. Examination of the Fund. The Fund shall be subject to examination and regulation by the Director. The board of directors shall, not later than April 30 March 30 of each year, submit a financial report for the preceding calendar year in a form approved by the Director.

(Source: P.A. 77-305.)