state_legiscan_drain · IL
INS GUARANTY-JURISDICTION
February 2, 2026
Summary
If enacted, this bill would amend the Illinois Insurance Guaranty Fund Article to reset the inoperative date for certain provisions regarding the Fund's purpose and contracting authority, require venue for suits against the Fund to be in Cook County, and exempt the Fund from posting appeal bonds in related appeals. The changes affect the Illinois Insurance Guaranty Fund and parties litigating against it, but do not directly impact mortgage lending or servicing.
AI-generated summary · Jun 28, 2026. Verify with your compliance counsel before acting.
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Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=3205&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Common questions
- What does "INS GUARANTY-JURISDICTION" cover?
- If enacted, this bill would amend the Illinois Insurance Guaranty Fund Article to reset the inoperative date for certain provisions regarding the Fund's…
- When was it published?
- It was published on February 2, 2026.