IL HB4367 | 2023-2024 | 103rd General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on August 9 2024 - 100% progression
Action: 2024-08-09 - Public Act . . . . . . . . . 103-0815
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the Illinois Insurance Guaranty Fund Article of the Illinois Insurance Code. Provides that when a policy obligation is assumed or allocated through merger, division, insurance business transfer, consolidation, or reinsurance, nothing in the definition of "insolvent company" shall be construed to create Illinois Insurance Guaranty Fund coverage if none existed at the time of assumption or allocation or to destroy Illinois Insurance Guaranty Fund coverage if it existed at the time of assumption or allocation. Effective immediately.

Tracking Information

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Title

INS CD-INSURANCE GUARANTY FUND

Sponsors


Roll Calls

2024-05-25 - House - Concurrence in House (Y: 104 N: 0 NV: 2 Abs: 0) [PASS]
2024-05-23 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
2024-04-15 - House - Third Reading in House (Y: 105 N: 0 NV: 1 Abs: 1) [PASS]

History

DateChamberAction
2024-08-09HousePublic Act . . . . . . . . . 103-0815
2024-08-09HouseEffective Date August 9, 2024
2024-08-09HouseGovernor Approved
2024-06-21HouseSent to the Governor
2024-05-25HousePassed Both Houses
2024-05-25HouseHouse Concurs
2024-05-25HouseSenate Committee Amendment No. 2 House Concurs 104-000-000
2024-05-24HouseSenate Committee Amendment No. 2 Motion to Concur Recommends Be Adopted Insurance Committee; 015-000-000
2024-05-24HouseSenate Committee Amendment No. 2 Motion to Concur Rules Referred to Insurance Committee
2024-05-23HouseSenate Committee Amendment No. 2 Motion to Concur Referred to Rules Committee
2024-05-23HouseSenate Committee Amendment No. 2 Motion Filed Concur Rep. Jay Hoffman
2024-05-23HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 2
2024-05-23HouseArrived in House
2024-05-23SenateSenate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
2024-05-23SenateThird Reading - Passed; 058-000-000
2024-05-22SenatePlaced on Calendar Order of 3rd Reading May 23, 2024
2024-05-22SenateSecond Reading
2024-05-21SenateRule 2-10 Third Reading/Passage Deadline Established As May 24, 2024
2024-05-21SenatePlaced on Calendar Order of 2nd Reading
2024-05-21SenateDo Pass as Amended Insurance; 010-000-000
2024-05-21SenateSenate Committee Amendment No. 2 Adopted
2024-05-20SenateSenate Committee Amendment No. 2 Assignments Refers to Insurance
2024-05-20SenateSenate Committee Amendment No. 2 Referred to Assignments
2024-05-20SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Napoleon Harris, III
2024-05-17SenateRule 2-10 Committee Deadline Established As May 24, 2024
2024-05-14SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance
2024-05-14SenateSenate Committee Amendment No. 1 Referred to Assignments
2024-05-14SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Napoleon Harris, III
2024-05-14SenateAssigned to Insurance
2024-04-16SenateReferred to Assignments
2024-04-16SenateFirst Reading
2024-04-16SenateChief Senate Sponsor Sen. Napoleon Harris, III
2024-04-16SenatePlaced on Calendar Order of First Reading
2024-04-16SenateArrive in Senate
2024-04-15HouseThird Reading - Short Debate - Passed 105-000-000
2024-04-11HousePlaced on Calendar Order of 3rd Reading - Short Debate
2024-04-11HouseSecond Reading - Short Debate
2024-03-13HousePlaced on Calendar 2nd Reading - Short Debate
2024-03-12HouseDo Pass as Amended / Short Debate Insurance Committee; 012-000-000
2024-03-12HouseHouse Committee Amendment No. 1 Adopted in Insurance Committee; by Voice Vote
2024-03-12HouseHouse Committee Amendment No. 1 Rules Refers to Insurance Committee
2024-03-04HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2024-03-04HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
2024-02-14HouseAssigned to Insurance Committee
2024-01-16HouseReferred to Rules Committee
2024-01-16HouseFirst Reading
2024-01-05HouseFiled with the Clerk by Rep. Jay Hoffman

Code Citations

ChapterArticleSectionCitation TypeStatute Text
2155532Amended CodeCitation Text
2155538.7Amended CodeCitation Text

Illinois State Sources

TypeSource
Summaryhttps://www.ilga.gov/legislation/BillStatus.asp?DocNum=4367&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Texthttps://www.ilga.gov/legislation/103/HB/10300HB4367.htm
Texthttps://www.ilga.gov/legislation/103/HB/10300HB4367eng.htm
Texthttps://www.ilga.gov/legislation/103/HB/10300HB4367enr.htm
Texthttps://www.ilga.gov/legislation/publicacts/103/103-0815.htm
Amendmenthttps://www.ilga.gov/legislation/103/HB/10300HB4367ham001.htm
Amendmenthttps://www.ilga.gov/legislation/103/HB/10300HB4367sam001.htm
Amendmenthttps://www.ilga.gov/legislation/103/HB/10300HB4367sam002.htm
Roll Callhttps://www.ilga.gov/legislation/votehistory/103/house/10300HB4367_04152024_031000T.pdf
Roll Callhttps://www.ilga.gov/legislation/votehistory/103/senate/10300HB4367_05232024_010000T.pdf
Roll Callhttps://www.ilga.gov/legislation/votehistory/103/house/10300HB4367sam002_05252024_032000C.pdf

Bill Comments

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