IL SB3318 | 2009-2010 | 96th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 10 2010 - 25% progression, died in committee
Action: 2010-03-08 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 10 2010 - 25% progression, died in committee
Action: 2010-03-08 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Insurance Code. Provides that no executive of any company authorized to transact insurance business may receive a yearly salary of more than $500,000. Provides that the Director of Insurance shall revoke the license or certificate of authority of any entity that violates the provision concerning executive salary caps. Provides that the Director shall implement any rules necessary to enforce the provision concerning executive salary caps.
Title
INS CD-INS EXEC SALARY CAP
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-03-08 | Rule 3-9(a) / Re-referred to Assignments | |
| 2010-03-03 | To Consumer Protection Subcommittee on Special Issues | |
| 2010-02-24 | Assigned to Consumer Protection | |
| 2010-02-10 | Referred to Assignments | |
| 2010-02-10 | First Reading | |
| 2010-02-10 | Filed with Secretary by Sen. Michael Noland |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3318&GAID=10&DocTypeID=SB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/SB/09600SB3318.htm |
