91st General Assembly
Status of SB1701
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   215 ILCS 5/107.02         from Ch. 73, par. 719.02                          
   215 ILCS 5/107.15a        from Ch. 73, par. 719.15a                         
   215 ILCS 5/107.15b                                                          
   215 ILCS 5/107.17         from Ch. 73, par. 719.17                          
   215 ILCS 5/107.21         from Ch. 73, par. 719.21                          
   215 ILCS 5/107.26         from Ch. 73, par. 719.26                          
   215 ILCS 5/107.29                                                           

        Amends the Illinois  Insurance  Code  in  relation  to  insurance      
   exchanges.  Provides authority to establish a privately owned exchange      
   for  the  reinsurance  and  insurance of risks.  Removes the statutory      
   creation of  an  insurance  exchange.   Provides  that  any  insurance      
   exchange  created is separate and distinct from the State.  Authorizes      
   the creation of a guaranty mechanism for protection of  policyholders.      
   Provides  for  at  least  5,  rather  than  5,  public trustees for an      
   exchange.  Authorizes the establishment of a privately owned immediate      
   access  security  association  separate  from  the  State  to   manage      
   liquidations  of insurance syndicates.  Removes the statutory creation      
   of that association.  Effective immediately.                                
   00-02-02  S  FIRST READING                                                  
   00-02-02  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   00-02-09  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   00-02-15  S       DO PASS                             008-000-000   SINS    
   00-02-15  S  PLACED ON CALENDAR ORDER OF 2ND READING  00-02-16              
   00-02-16  S  SECOND READING                                                 
   00-02-16  S  PLACED ON CALENDAR ORDER OF 3RD READING  00-02-17              
   00-02-23  S  THIRD READING - PASSED                   058-000-000           
   00-02-23  H  ARRIVE IN HOUSE                                                
   00-02-23  H  PLACED CALENDAR ORDER OF FIRST READING                         
   00-02-29  H  HOUSE SPONSOR                            DANIELS               
   00-02-29  H  FIRST READING                                                  
   00-02-29  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   00-03-09  H       ASSIGNED TO COMMITTEE               INSURANCE             
   00-03-23  H  DO PASS/SHORT DEBATE                     012-000-000   HINS    
   00-03-23  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   00-03-24  H  SECOND READING-SHORT DEBATE                                    
   00-03-24  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   00-04-04  H  THIRD READING/SHORT DEBATE/PASSED        117-000-000           
   00-04-04  S  PASSED BOTH HOUSES                                             
   00-05-03  S  SENT TO THE GOVERNOR                                           
   00-06-09  S  GOVERNOR APPROVED                                              
   00-06-09  S                            EFFECTIVE DATE 00-06-09              
   00-06-09  S  PUBLIC ACT.............................. 91-0796               


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