<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 2560   </title>
<shortdesc>INS SURPLUS LINE COVERAGE</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Don Harmon-Todd Sieben</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Jay C. Hoffman-JoAnn D. Osmond-Karen A. Yarbrough-Marlow H. Colvin)</altsponsors>
</sponsor>
<lastaction>
<statusdate>8/6/2004</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 93-0876</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>215 ILCS 5/445</reference><aliasreference>from Ch. 73, par. 1057</aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>2/3/2004</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Don Harmon</action>
<statusdate>2/3/2004</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/3/2004</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>2/18/2004</statusdate><chamber>Senate</chamber><action>Assigned to Insurance &amp; Pensions</action>
<statusdate>2/19/2004</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Todd Sieben</action>
<statusdate>2/24/2004</statusdate><chamber>Senate</chamber><action>Do Pass Insurance &amp; Pensions;  009-000-000</action>
<statusdate>2/24/2004</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading February 25, 2004</action>
<statusdate>2/25/2004</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>2/25/2004</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading February 26, 2004</action>
<statusdate>3/2/2004</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 056-000-000</action>
<statusdate>3/2/2004</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>3/2/2004</statusdate><chamber>House</chamber><action>Placed on Calendar Order of First Reading</action>
<statusdate>3/3/2004</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Thomas Holbrook</action>
<statusdate>3/3/2004</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>3/3/2004</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/23/2004</statusdate><chamber>House</chamber><action>Alternate Chief Sponsor Changed to Rep. Jay C. Hoffman</action>
<statusdate>4/20/2004</statusdate><chamber>House</chamber><action>Assigned to Insurance Committee</action>
<statusdate>4/21/2004</statusdate><chamber>House</chamber><action>Added Alternate Chief Co-Sponsor Rep. JoAnn D. Osmond</action>
<statusdate>4/28/2004</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Insurance Committee;  014-000-000</action>
<statusdate>4/28/2004</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>4/28/2004</statusdate><chamber>House</chamber><action>Added Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough</action>
<statusdate>4/28/2004</statusdate><chamber>House</chamber><action>Added Alternate Chief Co-Sponsor Rep. Marlow H. Colvin</action>
<statusdate>4/29/2004</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>4/29/2004</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>5/11/2004</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 113-000-001</action>
<statusdate>5/11/2004</statusdate><chamber>Senate</chamber><action>Passed Both Houses</action>
<statusdate>6/9/2004</statusdate><chamber>Senate</chamber><action>Sent to the Governor</action>
<statusdate>8/6/2004</statusdate><chamber>Senate</chamber><action>Governor Approved</action>
<statusdate>8/6/2004</statusdate><chamber>Senate</chamber><action>Effective Date August 6, 2004</action>
<statusdate>8/6/2004</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 93-0876</action>
</actions>
</xml>

