Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Statutes Amended In Order of Appearance

215 ILCS 5/1402

215 ILCS 5/1407

Synopsis As Introduced
Amends the Illinois Insurance Code. Provides that the definition for "financial institution" includes any farm credit lending institution, including, but not limited to, a farm credit bank, farm credit association, or production credit association, whether operating under the authority of the federal Farm Credit Administration or any similar federal or State authority, and any subsidiary of that farm credit lending institution. Provides that no discount on or return of any portion of a premium or commission, whether in the form of a rebate or as part of any dividend or other financial consideration offered to a customer of any financial institution, may be offered or paid if that discount or return would provide an incentive for the customer to purchase an insurance policy, to purchase additional insurance coverage, or to obtain credit from or through a particular financial institution. Effective immediately.

Senate Committee Amendment No. 1

	Deletes reference to:
	215 ILCS 5/1407

Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Makes a technical change in a Section concerning definitions.

Actions 

Date	Chamber	Action
2/14/2008	Senate	Filed with Secretary by Sen. William R. Haine
2/14/2008	Senate	First Reading
2/14/2008	Senate	Referred to Rules
3/5/2008	Senate	Assigned to Insurance
3/11/2008	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
3/11/2008	Senate	Senate Committee Amendment No. 1 Referred to Rules
3/12/2008	Senate	Senate Committee Amendment No. 1 Rules Refers to Insurance
3/12/2008	Senate	Senate Committee Amendment No. 1 Adopted
3/13/2008	Senate	Do Pass as Amended Insurance; 010-000-000
3/13/2008	Senate	Placed on Calendar Order of 2nd Reading April 1, 2008
7/1/2008	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
1/13/2009	Senate	Session Sine Die

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