Illinois General Assembly - Bill Status for SB2589

Synopsis As Introduced
Amends the Illinois Insurance Code. Requires the Director of Insurance to forward certain information to the National Association of Insurance Commissioners. Establishes new governance standards that must be met by existing risk retention groups within one year after the effective date of the amendatory Act. Establishes governance standards concerning boards of directors, independent directors, service provider contracts, adopting certain written policies, audit committees, disclosure, business conduct and ethics, and reporting noncompliance. Requires risk retention groups to submit copies of material revisions to their plans of operation or feasibility studies within 30 days after the date of the approval of the revisions. Exempts purchasing groups meeting certain federal requirements from additional laws concerning insurance.

Senate Floor Amendment No. 1
Corrects grammatical errors.

Actions

Date	Chamber	Action
2/16/2016	Senate	Filed with Secretary by Sen. Antonio Muñoz
2/16/2016	Senate	First Reading
2/16/2016	Senate	Referred to Assignments
2/24/2016	Senate	Assigned to Insurance
4/6/2016	Senate	Do Pass Insurance; 011-000-000
4/6/2016	Senate	Placed on Calendar Order of 2nd Reading April 7, 2016
4/13/2016	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Antonio Muñoz
4/13/2016	Senate	Senate Floor Amendment No. 1 Referred to Assignments
4/19/2016	Senate	Senate Floor Amendment No. 1 Be Approved for Consideration Assignments
4/19/2016	Senate	Second Reading
4/19/2016	Senate	Placed on Calendar Order of 3rd Reading April 20, 2016
4/20/2016	Senate	Recalled to Second Reading
4/20/2016	Senate	Senate Floor Amendment No. 1 Adopted; Muñoz
4/20/2016	Senate	Placed on Calendar Order of 3rd Reading
4/20/2016	Senate	Third Reading - Passed; 056-000-000
4/21/2016	House	Arrived in House
4/26/2016	House	Chief House Sponsor Rep. Edward J. Acevedo
5/3/2016	House	First Reading
5/3/2016	House	Referred to Rules Committee
5/3/2016	House	Assigned to Insurance Committee
5/10/2016	House	Do Pass / Short Debate Insurance Committee; 018-000-000
5/11/2016	House	Placed on Calendar 2nd Reading - Short Debate
5/19/2016	House	Second Reading - Short Debate
5/19/2016	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/25/2016	House	Third Reading - Short Debate - Passed 116-000-000
5/25/2016	Senate	Passed Both Houses
6/23/2016	Senate	Sent to the Governor
6/24/2016	Senate	Governor Approved
6/24/2016	Senate	Effective Date January 1, 2017
6/24/2016	Senate	Public Act . . . . . . . . . 99-0512

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