92nd General Assembly
Summary of HB1989
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House Sponsors:

Senate Sponsors:

Short description: 
INS ASSET DISTRIBUTION                                                     

Synopsis of Bill as introduced:
        Amends the Illinois Insurance Code.  Provides that  with  respect      
   to  claims against the assets of an insurance company, a claim against      
   assets maintained in a separate account that is  not  chargeable  with      
   liabilities  arising outside of that account shall be satisfied out of      
   the assets of that separate account. Makes other  changes.   Effective      
        SENATE AMENDMENT NO. 1.                                                
        Replaces  everything  after  the  enacting  clause.   Amends  the      
   Illinois Insurance Code.   Makes  a  technical  change  in  a  Section      
   relating to the distribution of assets from the estate of an insurance      
   company in liquidation or dissolution.                                      
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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