Date	Chamber	Action
1/8/2013	Senate	Session Sine Die

Statutes Amended In Order of Appearance

215 ILCS 5/188.2 new

Synopsis As Introduced
Amends the Illinois Insurance Code to set forth provisions concerning the rehabilitation or liquidation of a domestic company that is a covered financial company under the federal Dodd-Frank Wall Street Reform and Consumer Protection Act. Sets forth the grounds upon which the Director of Insurance may file a complaint for an order of rehabilitation or liquidation pursuant to the provisions of the Code concerning the grounds for rehabilitation and liquidation. Provides that after notice to the insurance company, the receivership court may grant an order on the complaint for rehabilitation or liquidation within 24 hours after its filing and that if the court does not make a determination on a complaint for rehabilitation or liquidation filed by the Director within 24 hours after its filing, then it shall be deemed granted by operation of law upon the expiration of the 24-hour period. Sets forth provisions concerning the court order and the Director's powers and authority. Effective immediately.

Actions 

Date	Chamber	Action
1/18/2012	Senate	Filed with Secretary by Sen. William R. Haine
1/18/2012	Senate	First Reading
1/18/2012	Senate	Referred to Assignments
1/24/2012	Senate	Assigned to Insurance
2/24/2012	Senate	Do Pass Insurance; 010-000-000
2/24/2012	Senate	Placed on Calendar Order of 2nd Reading February 27, 2012
2/27/2012	Senate	Second Reading
2/27/2012	Senate	Placed on Calendar Order of 3rd Reading February 28, 2012
3/22/2012	Senate	Third Reading - Passed; 054-000-000
3/22/2012	House	Arrived in House
3/22/2012	House	Placed on Calendar Order of First Reading
3/22/2012	House	Chief House Sponsor Rep. JoAnn D. Osmond
3/22/2012	House	First Reading
3/22/2012	House	Referred to Rules Committee
1/8/2013	Senate	Session Sine Die

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