Illinois General Assembly - Bill Status for HB2529

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Bill Status of HB2529 96th General Assembly

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Short Description: INS CD-ACTUAL CASH VALUE

House Sponsors
Rep. Thomas Holbrook

Last Action

Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

215 ILCS 5/397.07 new

Synopsis As Introduced
Amends the Illinois Insurance Code. Provides that no company authorized to transact the kinds of business related to Class 2 (casualty, fidelity, and surety) or Class 3 (fire and marine) insurance may issue an insurance contract or policy that contains a provision that allows a property claim and settlement offer to be calculated using a method other than actual cash value. Defines "actual cash value" as replacement cost less depreciation, considering the age and condition of the property.

Actions

Date	Chamber	Action
2/19/2009	House	Filed with the Clerk by Rep. Thomas Holbrook
2/20/2009	House	First Reading
2/20/2009	House	Referred to Rules Committee
2/25/2009	House	Assigned to Insurance Committee
3/13/2009	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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