Illinois Compiled Statutes 215 ILCS 5/123B-1 – Purpose
Current as of: 2024 | Check for updates
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Terms Used In Illinois Compiled Statutes 215 ILCS 5/123B-1
- Liability: means :
(a) legal liability for damages (including costs of
defense, legal costs and fees, and other claims expenses) because of injuries to other persons, damage to their property, or other damage or loss to such other persons resulting from or arising out of: |
(i) any business (whether for profit or not for
profit), trade, product, services (including professional services), premises, or operations; or |
(ii) any activity of any state or local
government, or any agency or political subdivision thereof; but |
(b) does not include personal risk liability and an
employer's liability with respect to its employees other than legal liability under the Federal Employers' Liability Act (45 U. See Illinois Compiled Statutes 215 ILCS 5/123B-2 The purpose of this Article is to regulate the formation or operation, or both, of risk retention groups and purchasing groups in Illinois formed pursuant to the provisions of the federal Liability Risk Retention Act of 1986 to the extent permitted by such law.
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