Illinois SB 1289: INS-DENTAL CARE/REIMBURSEMENT

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SB1289 EnrolledLRB104 08171 BAB 18220 b

1 AN ACT concerning regulation.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Insurance Code is amended by 

5changing Section 445 as follows:

6 (215 ILCS 5/445) (from Ch. 73, par. 1057)

7 Sec. 445. Surplus line. 

8 (1) Definitions. For the purposes of this Section:

9 "Affiliate" means, with respect to an insured, any entity 

10that controls, is controlled by, or is under common control 

11with the insured. For the purpose of this definition, an 

12entity has control over another entity if: 

13 (A) the entity directly or indirectly or acting 

14 through one or more other persons owns, controls, or has 

15 the power to vote 25% or more of any class of voting 

16 securities of the other entity; or

17 (B) the entity controls in any manner the election of 

18 a majority of the directors or trustees of the other 

19 entity.

20 "Affiliated group" means any group of entities that are 

21all affiliated. 

22 "Authorized insurer" means an insurer that holds a 

23certificate of authority issued by the Director but, for the 

SB1289 Enrolled- 2 -LRB104 08171 BAB 18220 b

1purposes of this Section, does not include a domestic surplus 

2line insurer as defined in Section 445a or any residual market 

3mechanism.

4 "Exempt commercial purchaser" means any person purchasing 

5commercial insurance that, at the time of placement, meets the 

6following requirements:

7 (A) The person employs or retains a qualified risk 

8 manager to negotiate insurance coverage.

9 (B) The person has paid aggregate nationwide 

10 commercial property and