65 ILCS 5/11-152-1

(a) The corporate authorities of any municipality over 1,000,000 in population may establish a municipal insurance availability program to make available to the residents of such municipality, who are otherwise unable to obtain such insurance at affordable rates, insurance against damage or loss, including the costs of diagnosis or repair, where the proximate cause of such damage or loss is attributable to the breakage or stoppage of a water or sewage drainage system or pipes, apparatus and conduits utilized in connection therewith.

(b) The corporate authorities shall establish uniform eligibility requirements for participation in the program.

(c) The corporate authorities shall appoint a program administrator to operate the program.