INS-IL INS GUAR FUND-SURCHARGE House SponsorsRep. Frank J. Mautino 1/9/2007HouseSession Sine Die 215 ILCS 5/537.6from Ch. 73, par. 1065.87-6 Amends the Illinois Insurance Code. Requires member companies of the Illinois Insurance Guaranty Fund to recoup over a reasonable length of time a sum reasonably calculated to recoup assessments paid by the member company by way of surcharges, to be determined by the Fund, on premiums charged for insurance policies. Requires that the surcharge must be separately stated on the policy declaration statement, schedule, or endorsement. Allows the Fund to permit member companies to omit collection of the surcharge if the expense of collection exceeds the amount of the surcharge. Effective immediately. 2/16/2005HouseFiled with the Clerk by Rep. Frank J. Mautino 2/16/2005HouseFirst Reading 2/16/2005HouseReferred to Rules Committee 2/24/2005HouseAssigned to Executive Committee 3/10/2005HouseRule 19(a) / Re-referred to Rules Committee 1/9/2007HouseSession Sine Die