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91_HB2195
LRB9103914LDmb
1 AN ACT to amend the Civil Administrative Code of Illinois
2 by adding Section 56.3.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Civil Administrative Code of Illinois is
6 amended by adding Section 56.3 as follows:
7 (20 ILCS 1405/56.3 new)
8 Sec. 56.3. Insurance industry investment clearinghouse.
9 The Department of Insurance shall establish and operate an
10 insurance industry investment clearinghouse to assist
11 Illinois insurers interested in making voluntary community
12 investments. The clearinghouse shall match insurer
13 investment capital with entrepreneurs, economic development
14 agencies, and local governments by identifying investment
15 projects.