Illinois General Assembly - Bill Status for SB2655
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 Bill Status of SB2655  94th General Assembly

Short Description:  INS-POA-SURETY

Senate Sponsors
Sen. John J. Cullerton

House Sponsors
(Rep. Frank J. Mautino - JoAnn D. Osmond)

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/392.2 new

Synopsis As Introduced
Amends the Illinois Insurance Code. Requires powers of attorney for fidelity and surety insurers making an agent an attorney-in-fact to execute bonds to be duly acknowledged and recorded in the circuit court clerk's office in certain circumstances. Provides that a power of attorney need not be filed if a copy or facsimile of the power of attorney is attached to the bond or other obligation. Provides that the power of attorney need only be filed once while it remains in effect. Provides that the power of attorney shall give the attorney-in-fact the power to bind the surety on any bond until the expiration or revocation of the power of attorney.

DateChamber Action
  1/20/2006SenateFiled with Secretary by Sen. John J. Cullerton
  1/20/2006SenateFirst Reading
  1/20/2006SenateReferred to Rules
  2/1/2006SenateAssigned to Insurance
  2/8/2006SenateDo Pass Insurance; 007-000-000
  2/8/2006SenatePlaced on Calendar Order of 2nd Reading February 9, 2006
  2/9/2006SenateSecond Reading
  2/9/2006SenatePlaced on Calendar Order of 3rd Reading February 14, 2006
  2/23/2006SenateThird Reading - Passed; 057-000-000
  2/23/2006HouseArrived in House
  2/23/2006HousePlaced on Calendar Order of First Reading
  2/23/2006HouseChief House Sponsor Rep. Frank J. Mautino
  2/23/2006HouseFirst Reading
  2/23/2006HouseReferred to Rules Committee
  3/14/2006HouseAdded Alternate Chief Co-Sponsor Rep. JoAnn D. Osmond
  1/9/2007SenateSession Sine Die

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