Bill Status of HB 2529   96th General Assembly


Short Description:  INS CD-ACTUAL CASH VALUE

House Sponsors
Rep. Thomas Holbrook

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession 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 
DateChamber Action
  2/19/2009HouseFiled with the Clerk by Rep. Thomas Holbrook
  2/20/2009HouseFirst Reading
  2/20/2009HouseReferred to Rules Committee
  2/25/2009HouseAssigned to Insurance Committee
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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