Bill Title: Amends the Illinois Insurance Code in the provision concerning factors to which domestic companies are subject with regard to establishing one or more separate accounts and allocating thereto amounts to provide for life, annuity, or accident and health insurance. Provides that the assets of any separate account equal to the reserves and other contract liabilities with respect to the account may not be charged with liabilities arising out of any other business the company may conduct, unless the separate account is subject to guarantees (now, any other business the company may conduct). Effective immediately.

Sponsorship: Bipartisan Bill

Status: (Passed) 2013-06-28 - Public Act . . . . . . . . . 98-0039 [HB0982 Detail]

Text: Latest bill text (Chaptered) [HTML]

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