Foreign Fire Insurance Board
It is the mission of the Naperville Fire Department Foreign Fire Insurance Board to receive and account for revenues received from the 2% tax on fire insurance policies sold by foreign (out of state) insurance companies, and to use such funds for the maintenance, use, and benefit of the Department, as set forth in the Act.
In accordance with Illinois Compiled Statutes, the Illinois Municipal League (IML) collects the 2% foreign fire insurance tax from the out of state insurance companies that conduct business in Naperville. This money is collected and paid annually to the Foreign Fire Insurance Board Treasurer.
The Board of Trustees shall consist of the following seven members of the fire department: six members will be elected by the certificated members of the fire department and the seventh position will be the Fire Chief. All Board members have the power to vote.
All purchasing proposals must meet the mission of the Board: For the Maintenance, Use, and Benefit of the Fire Department
Illinois Compiled Statutes:
- (65 ILCS 5/11-10-2) (from Ch. 24, par. 11-10-2)
Meetings of the Foreign Fire Insurance Board are typically held at 8 a.m.
on the first Thursday of each month in Lower Level Meeting Room A of the Naperville Municipal Center, 400 S. Eagle St., unless otherwise noted.