Illinois General Assembly - Bill Status for SB1647
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 Bill Status of SB1647  96th General Assembly


Short Description:  INS CD-TECH

Senate Sponsors
Sen. William R. Haine

House Sponsors
(Rep. Lou Lang)

Last Action
DateChamber Action
  1/12/2011SenateSession 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 5/1402
215 ILCS 5/1407
Adds reference to:
215 ILCS 5/1from Ch. 73, par. 613

Deletes everything after the enacting clause. Amends the Illinois Insurance Code. Makes technical changes in a Section concerning the short title.

Actions 
DateChamber Action
  2/19/2009SenateFiled with Secretary by Sen. William R. Haine
  2/19/2009SenateFirst Reading
  2/19/2009SenateReferred to Assignments
  2/25/2009SenateAssigned to Financial Institutions
  3/6/2009SenatePostponed - Financial Institutions
  3/10/2009SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
  3/10/2009SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/11/2009SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions
  3/12/2009SenateSenate Committee Amendment No. 1 Adopted
  3/12/2009SenateDo Pass as Amended Financial Institutions; 010-000-000
  3/12/2009SenatePlaced on Calendar Order of 2nd Reading March 17, 2009
  3/31/2009SenateSecond Reading
  3/31/2009SenatePlaced on Calendar Order of 3rd Reading April 1, 2009
  4/2/2009SenateThird Reading - Passed; 058-000-000
  4/3/2009HouseArrived in House
  4/3/2009HousePlaced on Calendar Order of First Reading
  4/3/2009HouseChief House Sponsor Rep. Jim Watson
  4/6/2009HouseFirst Reading
  4/6/2009HouseReferred to Rules Committee
  4/20/2009HouseAssigned to Executive Committee
  5/8/2009HouseCommittee/Final Action Deadline Extended-9(b) May 22, 2009
  5/13/2009HouseAlternate Chief Sponsor Changed to Rep. Chapin Rose
  5/21/2009HouseAlternate Chief Sponsor Changed to Rep. Jim Watson
  5/22/2009HouseAlternate Chief Sponsor Changed to Rep. Lou Lang
  5/22/2009HouseFinal Action Deadline Extended-9(b) May 29, 2009
  5/29/2009HouseFinal Action Deadline Extended-9(b) May 31, 2009
  5/31/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/12/2011SenateSession Sine Die

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