HB1463 102ND GENERAL ASSEMBLY

LRB102 03479 BMS 13492 b

102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB1463

Introduced 2/17/2021, by Rep. Emanuel Chris Welch

SYNOPSIS AS INTRODUCED:

215 ILCS 5/126.21

Amends the Illinois Insurance Code. Makes a technical change in a Section concerning property and casualty insurers.

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 126.21 as follows:

(215 ILCS 5/126.21)

Sec. 126.21. Applicability. This Part 3 shall apply to the the investments and investment practices of property and casualty insurers authorized to transact the kinds of insurance in either or both Class 2 or Class 3 of Section 4 of this Code, subject to the provisions of Section 126.1B.

(Source: P.A. 90-418, eff. 8-15-97.)