Illinois General Assembly - Bill Status for SB2560
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 Bill Status of SB2560  93rd General Assembly


Short Description:  INS SURPLUS LINE COVERAGE

Senate Sponsors
Sen. Don Harmon - Todd Sieben

House Sponsors
(Rep. Jay C. Hoffman - JoAnn D. Osmond - Karen A. Yarbrough - Marlow H. Colvin)

Last Action
DateChamber Action
  8/6/2004SenatePublic Act . . . . . . . . . 93-0876

Statutes Amended In Order of Appearance
215 ILCS 5/445from Ch. 73, par. 1057


Synopsis As Introduced
Amends the Illinois Insurance Code in relation to surplus line insurance. Provides that surplus line insurance may be procured from unauthorized insurers or domestic surplus line insurers as defined. Requires each surplus line insurance policy or contract for insurance have stamped or imprinted on the first page of the policy or contract a notice to the policyholder that the issuing company is not covered by the Illinois Insurance Guaranty Fund because the issuing company is either (i) not authorized and licensed to transact business in Illinois or (ii) a domestic surplus line insurer. Effective immediately.

Actions 
DateChamber Action
  2/3/2004SenateFiled with Secretary by Sen. Don Harmon
  2/3/2004SenateFirst Reading
  2/3/2004SenateReferred to Rules
  2/18/2004SenateAssigned to Insurance & Pensions
  2/19/2004SenateAdded as Chief Co-Sponsor Sen. Todd Sieben
  2/24/2004SenateDo Pass Insurance & Pensions; 009-000-000
  2/24/2004SenatePlaced on Calendar Order of 2nd Reading February 25, 2004
  2/25/2004SenateSecond Reading
  2/25/2004SenatePlaced on Calendar Order of 3rd Reading February 26, 2004
  3/2/2004SenateThird Reading - Passed; 056-000-000
  3/2/2004HouseArrived in House
  3/2/2004HousePlaced on Calendar Order of First Reading
  3/3/2004HouseChief House Sponsor Rep. Thomas Holbrook
  3/3/2004HouseFirst Reading
  3/3/2004HouseReferred to Rules Committee
  3/23/2004HouseAlternate Chief Sponsor Changed to Rep. Jay C. Hoffman
  4/20/2004HouseAssigned to Insurance Committee
  4/21/2004HouseAdded Alternate Chief Co-Sponsor Rep. JoAnn D. Osmond
  4/28/2004HouseDo Pass / Short Debate Insurance Committee; 014-000-000
  4/28/2004HousePlaced on Calendar 2nd Reading - Short Debate
  4/28/2004HouseAdded Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough
  4/28/2004HouseAdded Alternate Chief Co-Sponsor Rep. Marlow H. Colvin
  4/29/2004HouseSecond Reading - Short Debate
  4/29/2004HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/11/2004HouseThird Reading - Short Debate - Passed 113-000-001
  5/11/2004SenatePassed Both Houses
  6/9/2004SenateSent to the Governor
  8/6/2004SenateGovernor Approved
  8/6/2004SenateEffective Date August 6, 2004
  8/6/2004SenatePublic Act . . . . . . . . . 93-0876

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