Illinois General Assembly - Bill Status for HB0394

Illinois General Assembly - Bill Status for HB0394

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Bill Status of HB0394 101st General Assembly

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Short Description: INS CD-ANNUAL STATEMENTS

House Sponsors
Rep. Dan Brady

Senate Sponsors
(Sen. William R. Haine)

Last Action

Date	Chamber	Action
8/7/2009	House	Public Act . . . . . . . . . 96-0145

Statutes Amended In Order of Appearance

from Ch. 73, par. 748

Synopsis As Introduced
Amends the Illinois Insurance Code. Provides that every property and casualty insurance company doing business in this State, unless otherwise exempted by the Director of Insurance, shall annually submit the opinion of an appointed actuary entitled "Statement of Actuarial Opinion". Provides that the opinion shall be filed in accordance with the appropriate National Association of Insurance Commissioners Property and Casualty Annual Statement Instructions. Provides that every property and casualty insurance company domiciled in this State that is required to submit a Statement of Actuarial Opinion shall annually submit an Actuarial Opinion Summary, written by the company's appointed actuary. Provides that an Actuarial Report and underlying workpapers as required by the appropriate National Association of Insurance Commissioners Property and Casualty Annual Statement Instructions shall be prepared to support each Actuarial Opinion. Provides that the appointed actuary shall not be liable for damages to any person (other than the insurance company and the Director) for any act, error, omission, decision, or conduct with respect to the actuary's opinion, except in cases of fraud or willful misconduct on the part of the appointed actuary. Makes other changes. Effective immediately.

Actions

Date	Chamber	Action
2/2/2009	House	Filed with the Clerk by Rep. Dan Brady
2/3/2009	House	First Reading
2/3/2009	House	Referred to Rules Committee
2/9/2009	House	Assigned to Insurance Committee
2/18/2009	House	Do Pass / Short Debate Insurance Committee; 020-000-000
2/19/2009	House	Placed on Calendar 2nd Reading - Short Debate
2/24/2009	House	Second Reading - Short Debate
2/24/2009	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/4/2009	House	Third Reading - Short Debate - Passed 110-000-000
3/5/2009	Senate	Arrive in Senate
3/5/2009	Senate	Placed on Calendar Order of First Reading March 6, 2009
3/5/2009	Senate	Chief Senate Sponsor Sen. William R. Haine
3/6/2009	Senate	First Reading
3/6/2009	Senate	Referred to Assignments
4/22/2009	Senate	Assigned to Insurance
4/30/2009	Senate	Do Pass Insurance; 008-000-000
4/30/2009	Senate	Placed on Calendar Order of 2nd Reading May 5, 2009
5/7/2009	Senate	Second Reading
5/7/2009	Senate	Placed on Calendar Order of 3rd Reading May 12, 2009
5/13/2009	Senate	Third Reading - Passed; 057-000-000
5/13/2009	House	Passed Both Houses
6/11/2009	House	Sent to the Governor
8/7/2009	House	Governor Approved
8/7/2009	House	Effective Date August 7, 2009
8/7/2009	House	Public Act . . . . . . . . . 96-0145