IL SB3015 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on January 13 2015 - 100% progression
Action: 2015-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Insurance Code. Provides that if, after a hearing pursuant to the Code, the Director of Insurance finds that a company has engaged in an improper claims practice, the Director shall order the company to cease and desist from such practices and, in the exercise of reasonable discretion, may suspend the company's certificate of authority for a period not to exceed 6 months or impose a civil penalty of up to $375,000 (rather than $250,000), or both.

Tracking Information

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Title

INS CD-CIVIL PENALTY

Sponsors


History

DateChamberAction
2015-01-13SenateSession Sine Die
2014-03-28SenateRule 3-9(a) / Re-referred to Assignments
2014-02-27SenatePostponed - Insurance
2014-02-19SenateAssigned to Insurance
2014-02-07SenateReferred to Assignments
2014-02-07SenateFirst Reading
2014-02-07SenateFiled with Secretary by Sen. Iris Y. Martinez

Code Citations

ChapterArticleSectionCitation TypeStatute Text
2155154.8Amended CodeCitation Text

Illinois State Sources


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