92nd General Assembly
Status of SB0941
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   215 ILCS 5/537.2          from Ch. 73, par. 1065.87-2                       
   215 ILCS 5/537.6          from Ch. 73, par. 1065.87-6                       
   215 ILCS 5/537.7          from Ch. 73, par. 1065.87-7                       
   215 ILCS 5/551            from Ch. 73, par. 1065.101                        

        Amends the Illinois Insurance Code in relation  to  the  Illinois      
   Insurance  Guaranty  Fund.   Provides  that the Fund is not liable for      
   interest on judgments entered against an insured or insolvent company.      
   Increases from 1% to 2% of net direct written premium the maximum that      
   may be assessed upon a member company.  Limits the circumstances under      
   which the Fund is bound by actions on claims occurring before an order      
   of liquidation.  Limits to $10,000,000 the liability of the  Fund  for      
   payments to or on behalf of any insured on claims arising from any one      
   insolvent insurer.  Effective immediately.                                  
        SENATE AMENDMENT NO. 1.                                                
        Removes  provision  limiting  the  liability  of   the   Illinois      
   Insurance  Guaranty  Fund for payments for claims arising from any one      
   insolvent insurer to $10,000,000.  Provides that  the  Fund  shall  be      
   bound  by settlements, releases, and final judgments entered more than      
   12 months, rather  than  within  12  months,  prior  to  an  order  of      
   liquidation  if  the settlement, release, or judgment was not a result      
   of fraud.                                                                   
   FEB-22-2001  S  FIRST READING                                                  
   FEB-22-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAR-06-2001  S       DO PASS                             010-000-000   SINS    
   MAR-06-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-03-07              
   MAR-07-2001  S  SECOND READING                                                 
   MAR-07-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-03-08              
   MAR-28-2001  S  FILED WITH SECRETARY                                           
   MAR-28-2001  S                             AMENDMENT NO. 01-MADIGAN,R          
   MAR-28-2001  S                     AMENDMENT REFERRED TO SRUL                  
   MAR-29-2001  S                             AMENDMENT NO. 01-MADIGAN,R          
   MAR-29-2001  S                           RULES REFERS TO SINS                  
   APR-05-2001  S                             AMENDMENT NO. 01-MADIGAN,R          
   APR-05-2001  S             BE APPROVED FOR CONSIDERATION SINS/006-000-000      
   APR-05-2001  S  RECALLED TO SECOND READING                                     
   APR-05-2001  S                             AMENDMENT NO. 01-MADIGAN,R          
   APR-05-2001  S                                   ADOPTED                       
   APR-05-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-04-06              
   APR-05-2001  S  THIRD READING - PASSED                   057-000-000           
   APR-05-2001  H  ARRIVE IN HOUSE                                                
   APR-05-2001  H  HOUSE SPONSOR                            TURNER,JOHN           
   APR-05-2001  H  FIRST READING                                                  
   APR-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   APR-06-2001  H       ASSIGNED TO COMMITTEE               INSURANCE             
   APR-18-2001  H  DO PASS/SHORT DEBATE                     012-000-000   HINS    
   APR-18-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   APR-18-2001  H  SECOND READING-SHORT DEBATE                                    
   APR-18-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   APR-19-2001  H  THIRD READING/SHORT DEBATE/PASSED        113-000-000           
   APR-19-2001  S  PASSED BOTH HOUSES                                             
   MAY-23-2001  S  SENT TO THE GOVERNOR                                           
   JUL-12-2001  S  GOVERNOR APPROVED                                              
   JUL-12-2001  S                            EFFECTIVE DATE 01-07-12              
   JUL-12-2001  S  PUBLIC ACT.............................. 92-0077               


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