IL SB0375 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 19 2021 - 25% progression, died in committee
Action: 2021-05-19 - Added as Co-Sponsor Sen. Terri Bryant
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 19 2021 - 25% progression, died in committee
Action: 2021-05-19 - Added as Co-Sponsor Sen. Terri Bryant
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Insurance Code. Authorizes the Illinois Insurance Guaranty Fund, at the direction of its board of directors and subject to the approval of the Director of Insurance, to form and own a not-for-profit corporation to which the Fund may delegate certain of its powers and duties provided by the Code. Allows the not-for-profit corporation to contract to provide services to the Office of Special Deputy Receiver or any other person or organization authorized by law to carry out the duties of the Director in the capacity of receiver under specified provisions of the Code, the Illinois Life and Health Insurance Guaranty Association, an organizations in another state similar to the Illinois Insurance Guaranty Fund or the Illinois Life and Health Insurance Guaranty Association. Effective immediately.
Title
INSURANCE GUARANTY FUND
Sponsors
History
Date | Chamber | Action |
---|---|---|
2021-05-19 | Senate | Added as Co-Sponsor Sen. Terri Bryant |
2021-04-16 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2021-04-07 | Senate | Assigned to Insurance |
2021-02-19 | Senate | Referred to Assignments |
2021-02-19 | Senate | First Reading |
2021-02-19 | Senate | Filed with Secretary by Sen. Napoleon Harris, III |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
215 | 5 | 532 | Amended Code | Citation Text |
215 | 5 | 537.9 | Amended Code | Citation Text |
215 | 5 | 538 | Amended Code | Citation Text |
215 | 5 | 538.10 | New Code | See Bill Text |
215 | 5 | 538.2 | Amended Code | Citation Text |
215 | 5 | 538.7 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=375&GAID=16&DocTypeID=SB&SessionID=110&GA=102 |
Text | https://www.ilga.gov/legislation/102/SB/10200SB0375.htm |