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IL SB2028
Bill
Status
1/13/2021
Primary Sponsor
Napoleon Harris
Click for details
AI Summary
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Amends Section 531.10 of the Illinois Insurance Code regarding the Illinois Life and Health Insurance Guaranty Association's plan of operation.
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Requires the Association to submit its plan of operation to the Director of Insurance within 200 days (changed from 180 days).
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If the Association fails to submit a suitable plan within 200 days, the Director may adopt and promulgate reasonable rules necessary to effectuate the provisions after notice and hearing.
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Changes the word "assure" to "ensure" in describing the fair, reasonable, and equitable administration of the Association.
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Removes the phrase "following the effective date of this Article" from the submission deadline requirement.
Legislative Description
INS CODE-GUARANTY ASSOCIATION
Last Action
Session Sine Die
1/13/2021