SB3147 amends the Mine Subsidence Insurance Article of the Illinois Insurance Code to modify the Illinois Mine Subsidence Insurance Fund's operations.
SB3147 amends the Mine Subsidence Insurance Article of the Illinois Insurance Code to modify the Illinois Mine Subsidence Insurance Fund's operations and coverage provisions. The bill changes the definition of "mine subsidence" to include lateral or vertical ground movement caused by a failure initiated at the mine level of man-made underground mineral mines. It also modifies the terms of mine subsidence coverage for residences, living units, and commercial buildings.
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