Illinois General Assembly - Bill Status for SB2739

Synopsis As Introduced
Amends the Illinois Insurance Code. Authorizes the Illinois Insurance Guaranty Fund, at the direction of its board of directors and subject to the approval of the Director of Insurance, to form and own a not-for-profit corporation to which the Fund may delegate certain of its powers and duties provided by the Code. Allows the not-for-profit corporation to contract to provide services to the Office of Special Deputy Receiver or any other person or organization authorized by law to carry out the duties of the Director in the capacity of receiver under specified provisions of the Code, the Illinois Life and Health Insurance Guaranty Association, and organizations in another state similar to the Illinois Insurance Guaranty Fund or the Illinois Life and Health Insurance Guaranty Association. Effective immediately.

Actions

Date	Chamber	Action
1/29/2020	Senate	Filed with Secretary by Sen. Napoleon Harris, III
1/29/2020	Senate	First Reading
1/29/2020	Senate	Referred to Assignments
1/13/2021	Senate	Session Sine Die

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