HB 2623

Abstract

Amends the Illinois Municipal Code. Provides that the tax or license fee collected from fire insurance companies shall be rendered to the treasurer of the Foreign Fire Insurance Board if there is one, or to the municipal treasurer or secretary of the fire protection district. Provides that an agent who collects the fee on behalf of a Foreign Fire Insurance Board, a municipality, or a fire protection district, shall pay all collected amounts, less a fee charged for collection, to the treasurer of the Foreign Fire Insurance Board, the municipal treasurer, or the secretary of the fire protection district by the 15th of August of each year. Sets the maximum fee that can be charged by an agent for the collection of funds. Requires each Foreign Fire Insurance Board, municipality, or fire protection district to file an annual report with the Department of Insurance. Provides that information required to be provided to the Department of Insurance shall be available for public inspection upon the filing of a request under the Freedom of Information Act. Provides that the Department of Insurance, fire department, or other interested party may bring suit against each Foreign Fire Insurance Board, municipality, fire protection district, or agent of a Foreign Fire Insurance Board, municipality, or fire protection district that fails to comply with the reporting requirement. Makes other changes. Effective July 1, 2003.