Illinois General Assembly - Bill Status for HB0938
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 Bill Status of HB0938  98th General Assembly

Short Description:  INS CD-LIFE & HEALTH GUARANTY

House Sponsors
Rep. Mark H. Beaubien, Jr.

Senate Sponsors
(Sen. William E. Peterson - Pamela J. Althoff)

Last Action
DateChamber Action
  8/13/2007HousePublic Act . . . . . . . . . 95-0086

Statutes Amended In Order of Appearance
215 ILCS 5/531.09from Ch. 73, par. 1065.80-9


Synopsis As Introduced
Amends the Illinois Insurance Code. In an Article involving the Illinois Life and Health Insurance Guaranty Association, provides that the amount of any Class A assessment for member insurers shall be determined at the discretion of the board of directors of the Association and such assessments shall be authorized and called on a non pro-rata basis (instead of the amount being determined by the board, which may be made on a non-pro rata basis). Deletes a provision stating that such assessments shall not exceed $200 per company in any one calendar year.

House Committee Amendment No. 1
Adds reference to:
215 ILCS 5/223from Ch. 73, par. 835

Further amends the Illinois Insurance Code. In a Section involving the valuation of reserve liabilities, provides that other assumptions may be incorporated into the reserve calculation to the extent permitted by the National Association of Insurance Commissioners' Accounting Practices and Procedures Manual.

Actions 
DateChamber Action
  2/8/2007HouseFiled with the Clerk by Rep. Mark H. Beaubien, Jr.
  2/8/2007HouseFirst Reading
  2/8/2007HouseReferred to Rules Committee
  2/15/2007HouseAssigned to Insurance Committee
  2/28/2007HouseHouse Committee Amendment No. 1 Filed with Clerk by Insurance Committee
  2/28/2007HouseHouse Committee Amendment No. 1 Adopted in Insurance Committee; by Voice Vote
  2/28/2007HouseDo Pass as Amended / Short Debate Insurance Committee; 015-000-000
  3/1/2007HousePlaced on Calendar 2nd Reading - Short Debate
  3/2/2007HouseSecond Reading - Short Debate
  3/2/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/8/2007HouseThird Reading - Short Debate - Passed 106-000-000
  3/13/2007SenateArrive in Senate
  3/13/2007SenatePlaced on Calendar Order of First Reading March 14, 2007
  3/14/2007SenateChief Senate Sponsor Sen. William E. Peterson
  3/20/2007SenateFirst Reading
  3/20/2007SenateReferred to Rules
  3/30/2007SenateAssigned to Insurance
  4/19/2007SenateDo Pass Insurance; 009-000-000
  4/19/2007SenatePlaced on Calendar Order of 2nd Reading April 20, 2007
  4/26/2007SenateAdded as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff
  5/3/2007SenateSecond Reading
  5/3/2007SenatePlaced on Calendar Order of 3rd Reading May 8, 2007
  5/16/2007SenateThird Reading - Passed; 057-000-001
  5/16/2007HousePassed Both Houses
  6/14/2007HouseSent to the Governor
  8/13/2007HouseGovernor Approved
  8/13/2007HouseEffective Date January 1, 2008
  8/13/2007HousePublic Act . . . . . . . . . 95-0086

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