Bill Status of SB2513  99th General Assembly

Short Description:  INS CD-CONVERSION TO STOCK CO

Senate Sponsors
Sen. William R. Haine

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

Statutes Amended In Order of Appearance
215 ILCS 5/59.1


Synopsis As Introduced
Amends the Illinois Insurance Code. Replaces provisions relating to conversion of a mutual property and casualty insurance company to a stock insurance company. Includes provisions governing: the adoption of a plan of conversion; requirements, options, and alternatives of a plan of conversion; rights of members whose policies precede the conversion; conflicts of interest; rules; notice requirements; and limitation on actions. Effective January 1, 2017.

Actions 
DateChamber Action
  2/9/2016SenateFiled with Secretary by Sen. William R. Haine
  2/9/2016SenateFirst Reading
  2/9/2016SenateReferred to Assignments
  2/17/2016SenateAssigned to Insurance
  4/8/2016SenateRule 3-9(a) / Re-referred to Assignments
  1/10/2017SenateSession Sine Die