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]
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.
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]
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
| Date | Chamber | Action |
|---|---|---|
| 2024-08-09 | House | Public Act . . . . . . . . . 103-0815 |
| 2024-08-09 | House | Effective Date August 9, 2024 |
| 2024-08-09 | House | Governor Approved |
| 2024-06-21 | House | Sent to the Governor |
| 2024-05-25 | House | Passed Both Houses |
| 2024-05-25 | House | House Concurs |
| 2024-05-25 | House | Senate Committee Amendment No. 2 House Concurs 104-000-000 |
| 2024-05-24 | House | Senate Committee Amendment No. 2 Motion to Concur Recommends Be Adopted Insurance Committee; 015-000-000 |
| 2024-05-24 | House | Senate Committee Amendment No. 2 Motion to Concur Rules Referred to Insurance Committee |
| 2024-05-23 | House | Senate Committee Amendment No. 2 Motion to Concur Referred to Rules Committee |
| 2024-05-23 | House | Senate Committee Amendment No. 2 Motion Filed Concur Rep. Jay Hoffman |
| 2024-05-23 | House | Placed on Calendar Order of Concurrence Senate Amendment(s) 2 |
| 2024-05-23 | House | Arrived in House |
| 2024-05-23 | Senate | Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a) |
| 2024-05-23 | Senate | Third Reading - Passed; 058-000-000 |
| 2024-05-22 | Senate | Placed on Calendar Order of 3rd Reading May 23, 2024 |
| 2024-05-22 | Senate | Second Reading |
| 2024-05-21 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 24, 2024 |
| 2024-05-21 | Senate | Placed on Calendar Order of 2nd Reading |
| 2024-05-21 | Senate | Do Pass as Amended Insurance; 010-000-000 |
| 2024-05-21 | Senate | Senate Committee Amendment No. 2 Adopted |
| 2024-05-20 | Senate | Senate Committee Amendment No. 2 Assignments Refers to Insurance |
| 2024-05-20 | Senate | Senate Committee Amendment No. 2 Referred to Assignments |
| 2024-05-20 | Senate | Senate Committee Amendment No. 2 Filed with Secretary by Sen. Napoleon Harris, III |
| 2024-05-17 | Senate | Rule 2-10 Committee Deadline Established As May 24, 2024 |
| 2024-05-14 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Insurance |
| 2024-05-14 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2024-05-14 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Napoleon Harris, III |
| 2024-05-14 | Senate | Assigned to Insurance |
| 2024-04-16 | Senate | Referred to Assignments |
| 2024-04-16 | Senate | First Reading |
| 2024-04-16 | Senate | Chief Senate Sponsor Sen. Napoleon Harris, III |
| 2024-04-16 | Senate | Placed on Calendar Order of First Reading |
| 2024-04-16 | Senate | Arrive in Senate |
| 2024-04-15 | House | Third Reading - Short Debate - Passed 105-000-000 |
| 2024-04-11 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2024-04-11 | House | Second Reading - Short Debate |
| 2024-03-13 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2024-03-12 | House | Do Pass as Amended / Short Debate Insurance Committee; 012-000-000 |
| 2024-03-12 | House | House Committee Amendment No. 1 Adopted in Insurance Committee; by Voice Vote |
| 2024-03-12 | House | House Committee Amendment No. 1 Rules Refers to Insurance Committee |
| 2024-03-04 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2024-03-04 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman |
| 2024-02-14 | House | Assigned to Insurance Committee |
| 2024-01-16 | House | Referred to Rules Committee |
| 2024-01-16 | House | First Reading |
| 2024-01-05 | House | Filed with the Clerk by Rep. Jay Hoffman |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 215 | 5 | 532 | Amended Code | Citation Text |
| 215 | 5 | 538.7 | Amended Code | Citation Text |
