Illinois General Assembly - Bill Status for SB1760
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 Bill Status of SB1760  9th General Assembly


Short Description:  INS CD-DOMESTIC CEDING INSURER

Senate Sponsors
Sen. Antonio Muñoz, William R. Haine and John J. Millner

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/173.1from Ch. 73, par. 785.1


Synopsis As Introduced
Amends the Illinois Insurance Code in the provision concerning credit allowed a domestic ceding insurer. Provides that credit shall also be allowed when reinsurance is ceded to an assuming insurer that holds surplus, or its equivalent, in excess of $250 million and the Director of Insurance determines that it is an acceptable credit risk. Provides that in determining whether credit should be allowed, the Director shall consider certain factors. Effective immediately.

Actions 
DateChamber Action
  2/9/2011SenateFiled with Secretary by Sen. Mike Jacobs
  2/9/2011SenateFirst Reading
  2/9/2011SenateReferred to Assignments
  3/2/2011SenateAdded as Co-Sponsor Sen. Antonio Muñoz
  3/2/2011SenateAssigned to Insurance
  3/2/2011SenateAdded as Co-Sponsor Sen. William R. Haine
  3/2/2011SenateSponsor Removed Sen. Antonio Muñoz
  3/3/2011SenateAdded as Co-Sponsor Sen. John J. Millner
  3/9/2011SenateChief Sponsor Changed to Sen. Antonio Muñoz
  3/10/2011SenatePostponed - Insurance
  3/17/2011SenatePostponed - Insurance
  3/18/2011SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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