Illinois General Assembly - Bill Status for SB1573
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 Bill Status of SB1573  99th General Assembly


Short Description:  INS CD-INDUSTRIAL INSUREDS

Senate Sponsors
Sen. William R. Haine - Linda Holmes

House Sponsors
(Rep. Jim Durkin)

Last Action
DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/121-2.08from Ch. 73, par. 733-2.08
215 ILCS 5/412from Ch. 73, par. 1024
215 ILCS 5/445from Ch. 73, par. 1057


Synopsis As Introduced
Amends the Illinois Insurance Code. In the provision concerning transactions in the State involving industrial insureds' contracts of insurance, restores the language that was deleted by Public Act 98-978 and deletes the language that was added by Public Act 98-978. Deletes the references to the provision concerning transactions in the State involving industrial insureds' contracts of insurance that were added by Public Act 98-978. Deletes language in the definition of "home state" that was added by Public Act 98-978. Effective immediately.

Senate Committee Amendment No. 1
Deletes reference to:
215 ILCS 5/412
215 ILCS 5/445

Replaces everything after the enacting clause. Amends a provision of the Illinois Insurance Code concerning contracts of insurance independently procured directly from an unauthorized insurer by industrial insureds. Provides that contracts of insurance with a captive insurance company shall not be subject to specified provisions of the Code. Defines "captive insurance company". Effective on January 1, 2016.

Actions 
DateChamber Action
  2/20/2015SenateFiled with Secretary by Sen. William R. Haine
  2/20/2015SenateFirst Reading
  2/20/2015SenateReferred to Assignments
  3/3/2015SenateAssigned to Insurance
  3/10/2015SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
  3/10/2015SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/17/2015SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance
  3/25/2015SenateSenate Committee Amendment No. 1 Adopted
  3/26/2015SenateDo Pass as Amended Insurance; 015-000-000
  3/26/2015SenatePlaced on Calendar Order of 2nd Reading April 14, 2015
  4/16/2015SenateSecond Reading
  4/16/2015SenatePlaced on Calendar Order of 3rd Reading April 21, 2015
  4/21/2015SenateAdded as Chief Co-Sponsor Sen. Linda Holmes
  4/21/2015SenateThird Reading - Passed; 054-000-000
  4/21/2015HouseArrived in House
  4/21/2015HouseChief House Sponsor Rep. Jim Durkin
  4/21/2015HouseFirst Reading
  4/21/2015HouseReferred to Rules Committee
  1/10/2017SenateSession Sine Die

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