Illinois Senate Bill 1729

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May 9 2013 - Passed Both Houses
Text: Latest bill text (Enrolled) [HTML]

Amends the Illinois Insurance Code in the Article concerning risk-based capital. Sets forth a definition of "fraternal benefit society" and makes a change in the definition of "negative trend". Includes fraternal benefit societies in the provisions concerning RBC Reports and mandatory control level events. Makes a change to one of the definitions of a company action level event to include the filing of an RBC Report by an insurer that indicates that the insurer, if a life, health, or life and health insurer or a fraternal benefit society (rather than a life, health, or life and health insurer), has total adjusted capital that is greater than or equal to its company action level RBC, but less than the product of its authorized control level RBC and 3.0 (rather than 2.5) and has a negative trend. Sets forth a provision concerning the RBC Reports required to be filed by fraternal benefit societies. Effective immediately.

INS CD-RISK BASED CAPITAL

Sen William R. Haine

Rep JoAnn D. Osmond

2013-05-09 - Third Reading in House (Y: 114 N: 0 NV: 1) [PASS]
2013-04-10 - Third Reading in Senate (Y: 52 N: 0 NV: 7) [PASS]

Date	Chamber	Action
2013-05-09	Senate	Passed Both Houses
2013-05-09	House	Third Reading - Short Debate - Passed 114-000-000
2013-05-07	House	Placed on Calendar Order of 3rd Reading - Short Debate
2013-05-07	House	Second Reading - Short Debate
2013-05-02	House	Placed on Calendar 2nd Reading - Short Debate
2013-05-02	House	Do Pass / Short Debate Insurance Committee; 020-000-000
2013-04-16	House	Assigned to Insurance Committee
2013-04-15	House	Referred to Rules Committee
2013-04-15	House	First Reading
2013-04-15	House	Chief House Sponsor Rep. JoAnn D. Osmond
2013-04-10	House	Arrived in House
2013-04-10	Senate	Third Reading - Passed; 052-000-000
2013-03-12	Senate	Placed on Calendar Order of 3rd Reading March 13, 2013
2013-03-12	Senate	Second Reading
2013-03-06	Senate	Placed on Calendar Order of 2nd Reading March 7, 2013
2013-03-06	Senate	Do Pass Insurance; 009-000-000
2013-02-27	Senate	Assigned to Insurance
2013-02-15	Senate	Referred to Assignments
2013-02-15	Senate	First Reading
2013-02-15	Senate	Filed with Secretary by Sen. William R. Haine

Chapter	Article	Section	Citation Type	Statute Text
215	5	35A-10	Amended Code	Citation Text
215	5	35A-15	Amended Code	Citation Text
215	5	35A-30	Amended Code	Citation Text
215	5	35A-5	Amended Code	Citation Text
215	5	35A-60	Amended Code	Citation Text

Type	Source
Summary	http://www.ilga.gov/legislation/BillStatus.asp?DocNum=1729&GAID=12&DocTypeID=SB&SessionID=85&GA=98
Text	http://www.ilga.gov/legislation/98/SB/09800SB1729.htm
Text	http://www.ilga.gov/legislation/98/SB/09800SB1729eng.htm
Text	http://www.ilga.gov/legislation/98/SB/09800SB1729enr.htm
Roll Call	http://www.ilga.gov/legislation/votehistory/98/senate/09800SB1729_04102013_020000T.pdf
Roll Call	http://www.ilga.gov/legislation/votehistory/98/house/09800SB1729_05092013_005000T.pdf