Illinois Senate Bill 2589 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on June 24 2016 - 100% progression
Action: 2016-06-24 - Public Act . . . . . . . . . 99-0512
Text: Latest bill text (Chaptered) [HTML]

Amends the Illinois Insurance Code. Requires the Director of Insurance to forward certain information to the National Association of Insurance Commissioners. Establishes new governance standards that must be met by existing risk retention groups within one year after the effective date of the amendatory Act. Establishes governance standards concerning boards of directors, independent directors, service provider contracts, adopting certain written policies, audit committees, disclosure, business conduct and ethics, and reporting noncompliance. Requires risk retention groups to submit copies of material revisions to their plans of operation or feasibility studies within 30 days after the date of the approval of the revisions. Exempts purchasing groups meeting certain federal requirements from additional laws concerning insurance.

INS CD-RISK RETENTION

Sen. Antonio Munoz [D]

Rep. Edward Acevedo [D]

2016-05-25 - House - Third Reading in House (Y: 116 N: 0 NV: 1 Abs: 0) [PASS]
2016-04-20 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 2 Abs: 0) [PASS]

Date	Chamber	Action
2016-06-24	Senate	Public Act . . . . . . . . . 99-0512
2016-06-24	Senate	Effective Date January 1, 2017
2016-06-24	Senate	Governor Approved
2016-06-23	Senate	Sent to the Governor
2016-05-25	Senate	Passed Both Houses
2016-05-25	House	Third Reading - Short Debate - Passed 116-000-000
2016-05-19	House	Placed on Calendar Order of 3rd Reading - Short Debate
2016-05-19	House	Second Reading - Short Debate
2016-05-11	House	Placed on Calendar 2nd Reading - Short Debate
2016-05-10	House	Do Pass / Short Debate Insurance Committee; 018-000-000
2016-05-03	House	Assigned to Insurance Committee
2016-05-03	House	Referred to Rules Committee
2016-05-03	House	First Reading
2016-04-26	House	Chief House Sponsor Rep. Edward J. Acevedo
2016-04-21	House	Arrived in House
2016-04-20	Senate	Third Reading - Passed; 056-000-000
2016-04-20	Senate	Placed on Calendar Order of 3rd Reading
2016-04-20	Senate	Senate Floor Amendment No. 1 Adopted; Muñoz
2016-04-20	Senate	Recalled to Second Reading
2016-04-19	Senate	Placed on Calendar Order of 3rd Reading April 20, 2016
2016-04-19	Senate	Second Reading
2016-04-19	Senate	Senate Floor Amendment No. 1 Be Approved for Consideration Assignments
2016-04-13	Senate	Senate Floor Amendment No. 1 Referred to Assignments
2016-04-13	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Antonio Muñoz
2016-04-06	Senate	Placed on Calendar Order of 2nd Reading April 7, 2016
2016-04-06	Senate	Do Pass Insurance; 011-000-000
2016-02-24	Senate	Assigned to Insurance
2016-02-16	Senate	Referred to Assignments
2016-02-16	Senate	First Reading
2016-02-16	Senate	Filed with Secretary by Sen. Antonio Muñoz

Chapter	Article	Section	Citation Type	Statute Text
215	5	123B-2	Amended Code	Citation Text
215	5	123B-3	Amended Code	Citation Text
215	5	123B-4	Amended Code	Citation Text
215	5	123B-7	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2589&GAID=13&DocTypeID=SB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/SB/09900SB2589.htm
Text	https://www.ilga.gov/legislation/99/SB/09900SB2589eng.htm
Text	https://www.ilga.gov/legislation/99/SB/09900SB2589enr.htm
Text	https://www.ilga.gov/legislation/publicacts/99/099-0512.htm
Amendment	https://www.ilga.gov/legislation/99/SB/09900SB2589sam001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/99/senate/09900SB2589_04202016_015000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/99/house/09900SB2589_05252016_029000T.pdf