Bill Status of HB 512   96th General Assembly


Short Description:  INS CD - FIDUCIARY DUTY

House Sponsors
Rep. Roger L. Eddy

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/107a.05
215 ILCS 5/107a.06
215 ILCS 5/107a.09

Synopsis As Introduced
Amends the Illinois Insurance Code. In the provisions concerning definitions and interchangeable terms, provides that trustees of a group workers' compensation pool owe the same fiduciary duty to the pool and its members and be held to the same duty of care in the management and administration of the pool as directors of a stock corporation. In the provisions concerning pool administration, sets forth additional disclosure requirements for administrators. Provides that service companies for group workers' compensation pools are subject to supervision and examination in the same manner as the administrators for group workers compensation insurance pools.

Actions 
DateChamber Action
  2/4/2009HouseFiled with the Clerk by Rep. Roger L. Eddy
  2/4/2009HouseFirst Reading
  2/4/2009HouseReferred to Rules Committee
  2/11/2009HouseAssigned to Insurance Committee
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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