IL SB1494 | 2023-2024 | 103rd General Assembly


Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on June 9 2023 - 100% progression
Action: 2023-06-09 - Public Act . . . . . . . . . 103-0090
Text: Latest bill text (Chaptered) [HTML]


Amends the Domestic Stock Company Division Article of the Illinois Insurance Code. In provisions concerning plan of division approval, provides that any decision by the Director of Insurance on whether or not to hold a public hearing on either a plan of division or an amended plan of division may be made independently by the Director. Provides that if a dividing company amends its plan of division at any time before the plan of division becomes effective, then the dividing company shall file the amended plan of division for approval by the Director. Provides that if a hearing is conducted on the amended plan of division after the Director has approved a previous plan of division, then the hearing shall not be considered a rehearing. Provides that the fee assessed for filing a plan of division shall not apply to the filing of an amended plan of division. In provisions concerning certificates of division, provides that if the dividing company files an amended plan of division with the Director after a certificate of division has been filed for a previous plan, then the dividing company shall file a certificate of stay with the recorder. Provides that the certificate of stay shall identify the certificate of division being stayed and the date on which the amended plan of division was filed with the Director. Makes other changes. Effective immediately.

Tracking Information

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Roll Calls

2023-05-08 - House - Third Reading in House (Y: 105 N: 0 NV: 2 Abs: 3) [PASS]
2023-03-23 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]


2023-06-09SenatePublic Act . . . . . . . . . 103-0090
2023-06-09SenateEffective Date June 9, 2023
2023-06-09SenateGovernor Approved
2023-06-06SenateSent to the Governor
2023-05-08SenatePassed Both Houses
2023-05-08HouseThird Reading - Short Debate - Passed 105-000-000
2023-04-27HousePlaced on Calendar Order of 3rd Reading - Short Debate
2023-04-27HouseSecond Reading - Short Debate
2023-04-19HousePlaced on Calendar 2nd Reading - Short Debate
2023-04-18HouseDo Pass / Short Debate Insurance Committee; 014-000-000
2023-04-12HouseAdded Alternate Chief Co-Sponsor Rep. Bob Morgan
2023-04-11HouseAssigned to Insurance Committee
2023-03-23HouseReferred to Rules Committee
2023-03-23HouseFirst Reading
2023-03-23HouseChief House Sponsor Rep. Thaddeus Jones
2023-03-23HouseArrived in House
2023-03-23SenateThird Reading - Passed; 057-000-000
2023-03-22SenatePlaced on Calendar Order of 3rd Reading March 23, 2023
2023-03-22SenateSecond Reading
2023-02-22SenatePlaced on Calendar Order of 2nd Reading February 23, 2023
2023-02-22SenateDo Pass Insurance; 010-000-000
2023-02-14SenateAssigned to Insurance
2023-02-07SenateReferred to Assignments
2023-02-07SenateFirst Reading
2023-02-07SenateFiled with Secretary by Sen. Napoleon Harris, III

Code Citations

ChapterArticleSectionCitation TypeStatute Text
215535B-25Amended CodeCitation Text
215535B-30Amended CodeCitation Text

Illinois State Sources

Bill Comments