IL HB0394 | 2009-2010 | 96th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on August 7 2009 - 100% progression
Action: 2009-08-07 - Public Act . . . . . . . . . 96-0145
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on August 7 2009 - 100% progression
Action: 2009-08-07 - Public Act . . . . . . . . . 96-0145
Text: Latest bill text (Enrolled) [HTML]
Summary
Amends the Illinois Insurance Code. Provides that every property and casualty insurance company doing business in this State, unless otherwise exempted by the Director of Insurance, shall annually submit the opinion of an appointed actuary entitled "Statement of Actuarial Opinion". Provides that the opinion shall be filed in accordance with the appropriate National Association of Insurance Commissioners Property and Casualty Annual Statement Instructions. Provides that every property and casualty insurance company domiciled in this State that is required to submit a Statement of Actuarial Opinion shall annually submit an Actuarial Opinion Summary, written by the company's appointed actuary. Provides that an Actuarial Report and underlying workpapers as required by the appropriate National Association of Insurance Commissioners Property and Casualty Annual Statement Instructions shall be prepared to support each Actuarial Opinion. Provides that the appointed actuary shall not be liable for damages to any person (other than the insurance company and the Director) for any act, error, omission, decision, or conduct with respect to the actuary's opinion, except in cases of fraud or willful misconduct on the part of the appointed actuary. Makes other changes. Effective immediately.
Title
INS CD-ANNUAL STATEMENTS
Sponsors
| Rep. Dan Brady [R] |
Roll Calls
2009-05-13 - Senate - Third Reading in Senate (Y: 52 N: 0 NV: 2 Abs: 0) [PASS]
2009-03-04 - House - Third Reading in House (Y: 110 N: 0 NV: 2 Abs: 0) [PASS]
2009-03-04 - House - Third Reading in House (Y: 110 N: 0 NV: 2 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2009-08-07 | Public Act . . . . . . . . . 96-0145 | |
| 2009-08-07 | Effective Date August 7, 2009 | |
| 2009-08-07 | Governor Approved | |
| 2009-06-11 | Sent to the Governor | |
| 2009-05-13 | Passed Both Houses | |
| 2009-05-13 | Third Reading - Passed; 057-000-000 | |
| 2009-05-07 | Placed on Calendar Order of 3rd Reading May 12, 2009 | |
| 2009-05-07 | Second Reading | |
| 2009-04-30 | Placed on Calendar Order of 2nd Reading May 5, 2009 | |
| 2009-04-30 | Do Pass Insurance; 008-000-000 | |
| 2009-04-22 | Assigned to Insurance | |
| 2009-03-06 | Referred to Assignments | |
| 2009-03-06 | First Reading | |
| 2009-03-05 | Chief Senate Sponsor Sen. William R. Haine | |
| 2009-03-05 | Placed on Calendar Order of First Reading March 6, 2009 | |
| 2009-03-05 | Arrive in Senate | |
| 2009-03-04 | Third Reading - Short Debate - Passed 110-000-000 | |
| 2009-02-24 | Placed on Calendar Order of 3rd Reading - Short Debate | |
| 2009-02-24 | Second Reading - Short Debate | |
| 2009-02-19 | Placed on Calendar 2nd Reading - Short Debate | |
| 2009-02-18 | Do Pass / Short Debate Insurance Committee; 020-000-000 | |
| 2009-02-09 | Assigned to Insurance Committee | |
| 2009-02-03 | Referred to Rules Committee | |
| 2009-02-03 | First Reading | |
| 2009-02-02 | Filed with the Clerk by Rep. Dan Brady |
