House Sponsors: CAPPARELLI-MAUTINO-BUGIELSKI-BRADY-MCAULIFFE, SAVIANO, LOPEZ, BURKE, LYONS,JOSEPH, MOORE,EUGENE, BERGMAN, WOOD, BRUNSVOLD, JONES,LOU, DAVIS,MONIQUE, FLOWERS AND DEUCHLER. Senate Sponsors: MADIGAN,R-SEVERNS-REA Short description: FINANCIAL INST-INSURANCE COMP Synopsis of Bill as introduced: Amends the Illinois Banking Act. Makes a technical change in a Section relating to formation and powers. SENATE AMENDMENT NO. 1. Deletes reference to: 205 ILCS 5/3 Adds reference to: 205 ILCS 5/5 from Ch. 17, par. 311 205 ILCS 5/48.2 from Ch. 17, par. 360.1 205 ILCS 105/1-6 from Ch. 17, par. 3301-6 205 ILCS 205/1008 from Ch. 17, par. 7301-8 205 ILCS 305/13 from Ch. 17, par. 4414 205 ILCS 305/55 from Ch. 17, par. 4456 205 ILCS 620/1-6 from Ch. 17, par. 1551-6 215 ILCS 5/499.1 from Ch. 73, par. 1065.46-1 215 ILCS 5/Art. XLIV heading new 215 ILCS 5/1400 new 215 ILCS 5/1401 new 215 ILCS 5/1402 new 215 ILCS 5/1403 new 215 ILCS 5/1404 new 215 ILCS 5/1405 new 215 ILCS 5/1406 new 215 ILCS 5/1407 new 215 ILCS 5/1408 new 215 ILCS 5/1409 new 215 ILCS 5/1410 new 215 ILCS 5/1411 new 215 ILCS 5/1412 new 215 ILCS 5/1413 new 215 ILCS 5/1414 new 215 ILCS 5/1415 new 215 ILCS 5/1416 new Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, the Savings Bank Act, the Illinois Credit Union Act, the Corporate Fiduciary Act, and the Illinois Insurance Code. Authorizes financial institutions to act as agents for insurance companies. Establishes license requirements for insurance sales. Sets forth standards of conduct. Effective October 1, 1997. Last action on Bill: PUBLIC ACT.............................. 90-0041 Last action date: 97-07-01 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status