Illinois HB5376 amends the Mine Subsidence Insurance Article of the Illinois Insurance Code.
Illinois HB5376 amends the Mine Subsidence Insurance Article of the Illinois Insurance Code by making changes to defined terms, establishing the Illinois Mine Subsidence Insurance Fund, and setting provisions for mine subsidence coverage. The Fund's moneys are derived from premiums and investment income. The bill also details the establishment of separate residential and commercial sub-funds within the Illinois Mine Subsidence Insurance Fund, effective January 1, 1994.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.