Illinois General Assembly - Bill Status for HB0512

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Bill Status of HB0512 96th General Assembly

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Short Description: INS CD - FIDUCIARY DUTY

House Sponsors
Rep. Roger L. Eddy

Last Action

Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

215 ILCS 5/107a.05

215 ILCS 5/107a.06

215 ILCS 5/107a.09

Synopsis As Introduced
Amends the Illinois Insurance Code. In the provisions concerning definitions and interchangeable terms, provides that trustees of a group workers' compensation pool owe the same fiduciary duty to the pool and its members and be held to the same duty of care in the management and administration of the pool as directors of a stock corporation. In the provisions concerning pool administration, sets forth additional disclosure requirements for administrators. Provides that service companies for group workers' compensation pools are subject to supervision and examination in the same manner as the administrators for group workers compensation insurance pools.

Actions

Date	Chamber	Action
2/4/2009	House	Filed with the Clerk by Rep. Roger L. Eddy
2/4/2009	House	First Reading
2/4/2009	House	Referred to Rules Committee
2/11/2009	House	Assigned to Insurance Committee
3/13/2009	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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