IL SB2749

Sets the fee paid by foreign fire insurance companies to foreign fire insurance boards at exactly 2% of gross receipts from fire insurance premiums on property within a municipality or fire protection district, eliminating the previous "not exceeding 2%" cap that allowed local variation

Grants foreign fire insurance boards the authority to establish and manage their own accounts, contract for goods and services, and sue to enforce their rights under the statute

Removes municipal authority to set foreign fire insurance fee rates by ordinance, making the 2% rate mandatory statewide

Allows foreign fire insurance boards aggrieved by violations to file suit in Circuit Court in the county where the violation occurred

Declares regulation of foreign fire insurance boards and their fees an exclusive state power, preempting home rule municipalities from regulating these matters