Bill Status of HB 2335   94th General Assembly

Short Description:  INS-IL INS GUAR FUND-SURCHARGE

House Sponsors
Rep. Frank J. Mautino

Last Action  View All Actions

DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/537.6from Ch. 73, par. 1065.87-6

Synopsis As Introduced
Amends the Illinois Insurance Code. Requires member companies of the Illinois Insurance Guaranty Fund to recoup over a reasonable length of time a sum reasonably calculated to recoup assessments paid by the member company by way of surcharges, to be determined by the Fund, on premiums charged for insurance policies. Requires that the surcharge must be separately stated on the policy declaration statement, schedule, or endorsement. Allows the Fund to permit member companies to omit collection of the surcharge if the expense of collection exceeds the amount of the surcharge. Effective immediately.

Actions 
DateChamber Action
  2/16/2005HouseFiled with the Clerk by Rep. Frank J. Mautino
  2/16/2005HouseFirst Reading
  2/16/2005HouseReferred to Rules Committee
  2/24/2005HouseAssigned to Executive Committee
  3/10/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

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