Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

215 ILCS 5/500-10

215 ILCS 5/500-40

215 ILCS 5/500-106 new

215 ILCS 5/500-135

Synopsis As Introduced
Amends the Illinois Insurance Code. Provides for the issuance of limited licenses for term life insurance and prohibits a term life licensee from selling any kind of insurance other than term life insurance. Sets forth requirements for a term life limited lines licensee of another state to obtain a license in Illinois and for a term life limited lines licensee in Illinois to obtain a license in another state. Sets forth requirements for applications for a term life limited lines license and provides that a license shall remain in effect so long as fees are paid and education requirements are met. Allows a licensee who allows his or her license to lapse to be issued a new license within 12 months after expiration of the original license upon the payment of a penalty. Sets forth requirements for the information to be contained on the license. Sets forth the amount of the fee required to be paid for the license.

Actions 

Date	Chamber	Action
2/18/2005	Senate	Filed with Secretary by Sen. Iris Y. Martinez
2/18/2005	Senate	First Reading
2/18/2005	Senate	Referred to Rules
2/23/2005	Senate	Assigned to Insurance
3/9/2005	Senate	Postponed - Insurance
3/17/2005	Senate	Postponed - Insurance
3/18/2005	Senate	Rule 3-9(a) / Re-referred to Rules
1/9/2007	Senate	Session Sine Die

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