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IL SB3672
Bill
Status
Failed
1/13/2021
Primary Sponsor
Dave Syverson
Click for details
AI Summary
- Amends Section 123D-1 of the Illinois Insurance Code regarding nonprofit risk organizations
- Makes a technical correction to the language describing the purpose of the Article on nonprofit risk organizations
- The Article provides for organization of and issuance of certificates of authority to nonprofit risk organizations that insure nonprofit organizations
- Requires these organizations to qualify as a qualified charitable risk pool as defined in Section 501(n) of the Internal Revenue Code
Legislative Description
REGULATION-TECH
Last Action
Session Sine Die
1/13/2021
Committee Referrals
Assignments2/14/2020
Full Bill Text
No bill text available