IL HB0709 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Insurance Code. In the Article concerning the Illinois Life and Health Insurance Guaranty Association, makes changes to the organization of provisions concerning coverage and limitations and powers and duties of the Association. Makes changes in the provisions concerning definitions; the Board of Directors of the Association; assessments; and miscellaneous provisions. In a provision concerning duties of the Director of Insurance as liquidator, provides that upon the entry of an order directing liquidation of a company, the Director may, subject to a provision of the Insurance Code that allows the Association to exercise all the rights of the Director with respect to covered policies after the Association becomes obligated by statute or a provision of the Health Maintenance Organization Act, cede or reinsure all or so much as may be necessary of the in-force business to another company using assets of the liquidated company to pay therefor in preference to satisfying other obligations or creditors. Effective immediately.

Tracking Information

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Title

INS-LIFE AND HEALTH GUARANTY

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2017-03-31HouseRule 19(a) / Re-referred to Rules Committee
2017-03-10HouseAdded Chief Co-Sponsor Rep. Elgie R. Sims, Jr.
2017-02-16HouseAdded Co-Sponsor Rep. Daniel J. Burke
2017-02-09HouseAssigned to Executive Committee
2017-01-25HouseReferred to Rules Committee
2017-01-25HouseFirst Reading
2017-01-25HouseFiled with the Clerk by Rep. Emanuel Chris Welch

Code Citations

ChapterArticleSectionCitation TypeStatute Text
2155193Amended CodeCitation Text
2155531.03Amended CodeCitation Text
2155531.05Amended CodeCitation Text
2155531.07Amended CodeCitation Text
2155531.08Amended CodeCitation Text
2155531.09Amended CodeCitation Text
2155531.10Amended CodeCitation Text
2155531.14Amended CodeCitation Text

Illinois State Sources


Bill Comments

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