Illinois General Assembly - Bill Status for SB2864
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 Bill Status of SB2864  97th General Assembly

Short Description:  INS CD-DOMESTIC CEDING INSURER

Senate Sponsors
Sen. Antonio Muñoz

House Sponsors
(Rep. Greg Harris - Jim Durkin - JoAnn D. Osmond)

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/173.1from Ch. 73, par. 785.1


Synopsis As Introduced
Amends the Illinois Insurance Code in the provision concerning credit that is allowed a domestic ceding insurer. Includes additional provisions under which credit shall be allowed when the reinsurance is ceded to an assuming insurer domiciled in certain categories of states. Includes additional requirements to apply to certain categories of assuming insurers. Makes changes to the provision concerning the inception, amendment, and renewal dates of reinsurance agreements. Includes additional provisions under which credit shall be allowed when the reinsurance is ceded to an assuming insurer certified in the State. Sets forth provisions concerning the suspension and revocation of a reinsurer's accreditation or certification, the concentration of risk, and applicability to reinsurance agreements. Makes other changes.

Actions 
DateChamber Action
  1/24/2012SenateFiled with Secretary by Sen. Antonio Muñoz
  1/24/2012SenateFirst Reading
  1/24/2012SenateReferred to Assignments
  2/7/2012SenateAssigned to Insurance
  3/1/2012SenatePostponed - Insurance
  3/8/2012SenateDo Pass Insurance; 009-000-000
  3/8/2012SenatePlaced on Calendar Order of 2nd Reading March 21, 2012
  3/27/2012SenateSecond Reading
  3/27/2012SenatePlaced on Calendar Order of 3rd Reading March 28, 2012
  3/28/2012SenateThird Reading - Passed; 056-000-000
  3/28/2012HouseArrived in House
  3/28/2012HouseChief House Sponsor Rep. Greg Harris
  3/28/2012HousePlaced on Calendar Order of First Reading
  3/28/2012HouseFirst Reading
  3/28/2012HouseReferred to Rules Committee
  4/19/2012HouseAdded Alternate Chief Co-Sponsor Rep. Jim Durkin
  4/24/2012HouseAdded Alternate Chief Co-Sponsor Rep. JoAnn D. Osmond
  1/8/2013SenateSession Sine Die

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