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IL HB2598

Bill

Official Source

Status

Introduced

2/14/2019

Primary Sponsor

James Durkin

Click for details

Origin

House of Representatives

101st General Assembly

AI Summary

  • Property managers with insurance policies in the management company's name must provide 90-day notice to condominium owners before terminating coverage.

  • Property managers who fail to provide the required 90-day notice are liable for all claims on the building.

  • Property managers who fail to provide the required notice are guilty of a Class B misdemeanor.

  • The bill amends the Condominium Property Act (765 ILCS 605/12) and takes effect immediately upon becoming law.

Legislative Description

CONDO PROPERTY-INSURANCE

Last Action

Rule 19(a) / Re-referred to Rules Committee

3/29/2019

Committee Referrals

Rules3/29/2019
Civil Procedure2/27/2019
Judiciary - Civil2/26/2019
Rules2/14/2019

Full Bill Text

No bill text available