IL SB2864 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Bipartisan Bill
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]
Summary
Amends the Illinois Insurance Code in the provision concerning credit that is allowed a domestic ceding insurer. Includes additional provisions under which credit shall be allowed when the reinsurance is ceded to an assuming insurer domiciled in certain categories of states. Includes additional requirements to apply to certain categories of assuming insurers. Makes changes to the provision concerning the inception, amendment, and renewal dates of reinsurance agreements. Includes additional provisions under which credit shall be allowed when the reinsurance is ceded to an assuming insurer certified in the State. Sets forth provisions concerning the suspension and revocation of a reinsurer's accreditation or certification, the concentration of risk, and applicability to reinsurance agreements. Makes other changes.
Title
INS CD-DOMESTIC CEDING INSURER
Sponsors
Roll Calls
2012-03-28 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2013-01-08 | Senate | Session Sine Die |
| 2012-04-24 | House | Added Alternate Chief Co-Sponsor Rep. JoAnn D. Osmond |
| 2012-04-19 | House | Added Alternate Chief Co-Sponsor Rep. Jim Durkin |
| 2012-03-28 | House | Referred to Rules Committee |
| 2012-03-28 | House | First Reading |
| 2012-03-28 | House | Placed on Calendar Order of First Reading |
| 2012-03-28 | House | Chief House Sponsor Rep. Greg Harris |
| 2012-03-28 | House | Arrived in House |
| 2012-03-28 | Senate | Third Reading - Passed; 056-000-000 |
| 2012-03-27 | Senate | Placed on Calendar Order of 3rd Reading March 28, 2012 |
| 2012-03-27 | Senate | Second Reading |
| 2012-03-08 | Senate | Placed on Calendar Order of 2nd Reading March 21, 2012 |
| 2012-03-08 | Senate | Do Pass Insurance; 009-000-000 |
| 2012-03-01 | Senate | Postponed - Insurance |
| 2012-02-07 | Senate | Assigned to Insurance |
| 2012-01-24 | Senate | Referred to Assignments |
| 2012-01-24 | Senate | First Reading |
| 2012-01-24 | Senate | Filed with Secretary by Sen. Antonio Mu |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 215 | 5 | 173.1 | Amended Code | Citation Text |
