Legal-cost insurance bill clears Senate vote on Friday
Illinois may become the 19th state to permit legal expense insurance if Gov. James R. Thompson signs the bill. Critics warn it could foster abuse by lawyers and insurers while supporters say it helps individuals cover costs for cases like divorce, tax matters, and other legal needs. The measure, attached to a package of arson and fraud proposals, would require the insurance department to share information for detecting arson, forward fraud cases to prosecutors, and set rates in high risk areas through the FAIR plan.
MENTIONED IN THIS ARTICLE
Mike B
Springfield
James R. Thompson
Illinois
Earlean Grant-Collins
Chicago
John L. Knuppel
Virginia
Jack Schaffer
Crystal Lake
Scaffer
Sen
Don Wooten
D-Rock Island
Wooten
Thompson
Senate
House
Rupp
Senate Insurance and Licensed Activities Committee
Ourance
Insurance Department
Family farm bill passed to aid heirs in Illinois
Illinois lawmakers approve a measure to let heirs delay state inheritance tax on family farms and closely held small businesses. The bill allows up to 10 years of annual installments, with possible five year deferral in special cases, mirroring the federal tax deferral to keep farms in the family.
MENTIONED IN THIS ARTICLE
Springfield
Southern Illinoisan
Illinois
Kenneth G. McMillan
R-Bushnell
McMillan
Also Mentioned on This Page
Bob
Sistar
P. O. Box
Murphysboro
Modern Woodmen OF America
Fraternal Life Insurance
Rock Island
Hlinois
Dreieus
Dreifus
Carbondale
Abel
Roberts
Weiss
Easter-Wells
West Main Street
Carbondale, IL
Lego
Sears
Super Savings
Super Family
America
Sears, Roebuck and CO
Oxford