SB3205 amends the Illinois Insurance Guaranty Fund Article to modify provisions concerning the Fund's purpose and authority to contract with the.
SB3205 amends the Illinois Insurance Guaranty Fund Article of the Illinois Insurance Code. It modifies the purpose of the Article to include providing a mechanism for the Fund to participate in the process of marshaling and distributing the assets of an insolvent company. The bill also grants the Fund the authority to contract with the Office of the Future Administrative Receiver to provide services related to covered claims.
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.