Bill Status of HB 4443   97th General Assembly

Short Description:  INS CD-GUARANTY ASSOCIATION

House Sponsors
Rep. Frank J. Mautino

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/245.21from Ch. 73, par. 857.21
215 ILCS 5/531.03from Ch. 73, par. 1065.80-3
215 ILCS 5/531.05from Ch. 73, par. 1065.80-5
215 ILCS 5/531.07from Ch. 73, par. 1065.80-7
215 ILCS 5/531.08from Ch. 73, par. 1065.80-8
215 ILCS 5/531.09from Ch. 73, par. 1065.80-9
215 ILCS 5/531.14from Ch. 73, par. 1065.80-14
215 ILCS 125/6-14from Ch. 111 1/2, par. 1418.14

Synopsis As Introduced
Amends the Illinois Insurance Code in the Article concerning the Illinois Life and Health Insurance Guaranty Association. In provisions related to separate accounts, 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, except with approval of the Director under conditions as to investments and other matters as the Director may prescribe. Further amends the Illinois Insurance Code in the Article concerning the Illinois Life and Health Insurance Guaranty Association. Changes the organization of provisions concerning coverage and limitations and powers and duties of the Association. Makes changes in the provisions concerning definitions; the Board of Directors of the Association; assessments; and miscellaneous provisions. Amends the Health Maintenance Organization Act. Provides that no distribution to stockholders, if any, of an impaired or insolvent organization may be made until and unless the total amount of valid claims of the Association for funds expended in carrying out its powers and duties, with interest, (rather than merely the funds expended) with respect to such organization have been fully recovered by the Association.

Actions 
DateChamber Action
  1/27/2012HouseFiled with the Clerk by Rep. Frank J. Mautino
  1/30/2012HouseFirst Reading
  1/30/2012HouseReferred to Rules Committee
  2/7/2012HouseAssigned to Executive Committee
  3/6/2012HouseMotion Filed to Suspend Rule 25 Executive Committee; Rep. Barbara Flynn Currie
  3/6/2012HouseMotion to Suspend Rule 25 - Prevailed by Voice Vote
  3/9/2012HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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