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IL HB1462
Bill
Status
Introduced
2/11/2021
Primary Sponsor
Janet Yang Rohr
Click for details
AI Summary
- Amends Section 123D-1 of the Illinois Insurance Code regarding nonprofit risk organizations
- Makes a technical change to the purpose statement for the Article on nonprofit risk organizations
- Establishes that the purpose is to provide 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 under Section 501(n) of the Internal Revenue Code
Legislative Description
REGULATION-TECH
Last Action
Added Co-Sponsor Rep. Michael Halpin
9/6/2022
Committee Referrals
Rules4/23/2021
Executive3/2/2021
Rules2/17/2021
Full Bill Text
No bill text available