Date	Chamber	Action
7/28/2015	Senate	Public Act . . . . . . . . . 99-0162

Statutes Amended In Order of Appearance

215 ILCS 5/223

from Ch. 73, par. 835

215 ILCS 5/229.2

from Ch. 73, par. 841.2

Synopsis As Introduced
Amends the Illinois Insurance Code. Specifies that the requirement that the Director annually value, or cause to be valued, the reserve liabilities for all outstanding life insurance policies and annuity and pure endowment contracts of every life insurance company doing business in the State applies to policies and contracts issued prior to the operative date of the Valuation Manual. Specifies that the requirement that the Director annually value, or cause to be valued, the reserve liabilities for all outstanding life insurance contracts, annuity and pure endowment contracts, accident and health contracts, and deposit-type contracts of every company issued on or after the operative date of the Valuation Manual applies to policies and contracts issued on or after the operative date of the Valuation Manual. Makes technical and grammatical changes.

Senate Committee Amendment No. 2
Allows the Director of Insurance to adopt rules allowing disciplinary actions against a company or appointed actuary in connection with actuarial opinions of reserves after the operative date of the Valuation Manual. Removes provisions exempting certain domestic companies with less than $300,000,000 of ordinary life insurance premiums from certain requirements concerning the Valuation Manual. Makes technical and grammatical changes.

Actions 

Date	Chamber	Action
1/28/2015	Senate	Filed with Secretary by Sen. William R. Haine
1/28/2015	Senate	First Reading
1/28/2015	Senate	Referred to Assignments
2/11/2015	Senate	Assigned to Insurance
2/25/2015	Senate	Added as Chief Co-Sponsor Sen. Pamela J. Althoff
3/10/2015	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
3/10/2015	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/17/2015	Senate	Senate Committee Amendment No. 2 Filed with Secretary by Sen. William R. Haine
3/17/2015	Senate	Senate Committee Amendment No. 2 Referred to Assignments
3/17/2015	Senate	Senate Committee Amendment No. 1 Assignments Refers to Insurance
3/18/2015	Senate	Senate Committee Amendment No. 2 Assignments Refers to Insurance
3/18/2015	Senate	Senate Committee Amendment No. 2 Adopted
3/19/2015	Senate	Do Pass as Amended Insurance; 011-000-000
3/19/2015	Senate	Placed on Calendar Order of 2nd Reading March 24, 2015
3/24/2015	Senate	Second Reading
3/24/2015	Senate	Placed on Calendar Order of 3rd Reading March 25, 2015
3/26/2015	Senate	Third Reading - Passed; 053-000-000
3/26/2015	Senate	Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
3/27/2015	House	Arrived in House
3/27/2015	House	Chief House Sponsor Rep. Frank J. Mautino
4/14/2015	House	First Reading
4/14/2015	House	Referred to Rules Committee
4/15/2015	House	Added Alternate Chief Co-Sponsor Rep. John Bradley
4/27/2015	House	Assigned to Insurance Committee
4/27/2015	House	Added Alternate Chief Co-Sponsor Rep. Robert Rita
5/8/2015	House	Committee Deadline Extended-Rule 9(b) May 15, 2015
5/12/2015	House	Do Pass / Short Debate Insurance Committee; 015-000-000
5/13/2015	House	Placed on Calendar 2nd Reading - Short Debate
5/19/2015	House	Added Alternate Co-Sponsor Rep. David B. Reis
5/19/2015	House	Second Reading - Short Debate
5/19/2015	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/20/2015	House	Third Reading - Short Debate - Passed 114-000-000
5/20/2015	Senate	Passed Both Houses
6/18/2015	Senate	Sent to the Governor
7/28/2015	Senate	Governor Approved
7/28/2015	Senate	Effective Date January 1, 2016
7/28/2015	Senate	Public Act . . . . . . . . . 99-0162

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