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Illinois General Assembly - Full Text of HB3166 HB3166 102ND GENERAL ASSEMBLY

  
  

 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3166

 

Introduced , by Rep. Suzanne Ness

 

SYNOPSIS AS INTRODUCED:
 
215 ILCS 5/155.47 new

    Amends the Illinois Insurance Code to provide that an insurance policy amended, delivered, issued, or renewed in the State after the effective date of the amendatory Act that offers business interruption insurance shall be construed to include, among the covered perils of that policy, coverage for loss of use and occupancy of a business and business interruption resulting from a public health emergency or disaster regardless of whether the public health emergency or disaster results in physical damages to business property.


LRB102 10753 BMS 16082 b

 

 

A BILL FOR

 

HB3166LRB102 10753 BMS 16082 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
5adding Section 155.47 as follows:
 
6    (215 ILCS 5/155.47 new)
7    Sec. 155.47. Business interruption insurance.
8    (a) As used in this Section, "business interruption
9insurance" means every policy of insurance insuring against
10loss due to loss of use and occupancy of a business and
11business interruption.
12    (b) An insurance policy amended, delivered, issued, or
13renewed in this State after the effective date of this
14amendatory Act of the 102nd General Assembly that offers
15business interruption insurance shall be construed to include,
16among the covered perils of that policy, coverage for loss of
17use and occupancy of a business and business interruption
18resulting from a public health emergency or disaster
19regardless of whether the public health emergency or disaster
20results in physical damages to business property.