Amends the Illinois Insurance Code. Authorizes the Illinois Insurance Guaranty Fund, at the direction of its board of directors and subject to the approval of the Director of Insurance, to form and own a not-for-profit corporation to which the Fund may delegate certain of its powers and duties provided by the Code. Allows the not-for-profit corporation to contract to provide services to the Office of Special Deputy Receiver or any other person or organization authorized by law to carry out the duties of the Director in the capacity of receiver under specified provisions of the Code, the Illinois Life and Health Insurance Guaranty Association, an organizations in another state similar to the Illinois Insurance Guaranty Fund or the Illinois Life and Health Insurance Guaranty Association. Effective immediately.

Statutes affected:
Introduced: 215 ILCS 5/532, 215 ILCS 5/538
Engrossed: 215 ILCS 5/532, 215 ILCS 5/538
Enrolled: 20 ILCS 3501/801, 20 ILCS 3850/1, 30 ILCS 360/2, 20 ILCS 3501/850, 5 ILCS 100/5, 5 ILCS 420/1, 5 ILCS 420/4, 5 ILCS 430/5, 20 ILCS 605/605, 20 ILCS 627/15, 20 ILCS 627/40, 20 ILCS 627/45, 20 ILCS 627/55, 20 ILCS 627/60, 20 ILCS 655/5, 20 ILCS 1505/1505, 20 ILCS 3125/10, 20 ILCS 3125/15, 20 ILCS 3125/20, 20 ILCS 3125/30, 20 ILCS 3125/40, 20 ILCS 3125/45, 20 ILCS 3125/55, 20 ILCS 3855/1, 30 ILCS 105/5, 30 ILCS 500/1, 30 ILCS 575/4, 30 ILCS 575/7, 35 ILCS 200/1, 35 ILCS 200/10, 105 ILCS 5/10, 220 ILCS 5/4, 220 ILCS 5/5, 220 ILCS 5/8, 220 ILCS 5/9, 220 ILCS 5/16, 220 ILCS 5/17, 415 ILCS 5/3, 415 ILCS 5/9, 415 ILCS 5/22, 415 ILCS 120/1, 415 ILCS 120/5, 415 ILCS 120/10, 415 ILCS 120/15, 415 ILCS 120/27, 415 ILCS 120/35, 415 ILCS 120/40, 415 ILCS 120/45, 415 ILCS 120/20, 415 ILCS 120/22, 415 ILCS 120/24, 415 ILCS 120/30, 415 ILCS 120/31, 415 ILCS 120/32, 625 ILCS 5/13, 820 ILCS 65/10
Public Act: 20 ILCS 3501/801, 20 ILCS 3850/1, 30 ILCS 360/2, 20 ILCS 3501/850, 5 ILCS 100/5, 5 ILCS 420/1, 5 ILCS 420/4, 5 ILCS 430/5, 20 ILCS 605/605, 20 ILCS 627/15, 20 ILCS 627/40, 20 ILCS 627/45, 20 ILCS 627/55, 20 ILCS 627/60, 20 ILCS 655/5, 20 ILCS 1505/1505, 20 ILCS 3125/10, 20 ILCS 3125/15, 20 ILCS 3125/20, 20 ILCS 3125/30, 20 ILCS 3125/40, 20 ILCS 3125/45, 20 ILCS 3125/55, 20 ILCS 3855/1, 30 ILCS 105/5, 30 ILCS 500/1, 30 ILCS 575/4, 30 ILCS 575/7, 35 ILCS 200/1, 35 ILCS 200/10, 105 ILCS 5/10, 220 ILCS 5/4, 220 ILCS 5/5, 220 ILCS 5/8, 220 ILCS 5/9, 220 ILCS 5/16, 220 ILCS 5/17, 415 ILCS 5/3, 415 ILCS 5/9, 415 ILCS 5/22, 415 ILCS 120/1, 415 ILCS 120/5, 415 ILCS 120/10, 415 ILCS 120/15, 415 ILCS 120/27, 415 ILCS 120/35, 415 ILCS 120/40, 415 ILCS 120/45, 415 ILCS 120/20, 415 ILCS 120/22, 415 ILCS 120/24, 415 ILCS 120/30, 415 ILCS 120/31, 415 ILCS 120/32, 625 ILCS 5/13, 820 ILCS 65/10