INS CD-INS EXEC SALARY CAP Senate SponsorsSen. Michael Noland 1/12/2011SenateSession Sine Die 215 ILCS 5/401.2 newAmends the Illinois Insurance Code. Provides that no executive of any company authorized to transact insurance business may receive a yearly salary of more than $500,000. Provides that the Director of Insurance shall revoke the license or certificate of authority of any entity that violates the provision concerning executive salary caps. Provides that the Director shall implement any rules necessary to enforce the provision concerning executive salary caps. 2/10/2010SenateFiled with Secretary by Sen. Michael Noland 2/10/2010SenateFirst Reading 2/10/2010SenateReferred to Assignments 2/24/2010SenateAssigned to Consumer Protection 3/3/2010SenateTo Consumer Protection Subcommittee on Special Issues 3/8/2010SenateRule 3-9(a) / Re-referred to Assignments 1/12/2011SenateSession Sine Die