Bill Status of SB 3318   96th General Assembly


Short Description:  INS CD-INS EXEC SALARY CAP

Senate Sponsors
Sen. Michael Noland

Last Action  View All Actions

DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/401.2 new

Synopsis As Introduced
Amends the Illinois Insurance Code. Provides that no executive of any company authorized to transact insurance business may receive a yearly salary of more than $500,000. Provides that the Director of Insurance shall revoke the license or certificate of authority of any entity that violates the provision concerning executive salary caps. Provides that the Director shall implement any rules necessary to enforce the provision concerning executive salary caps.

Actions 
DateChamber Action
  2/10/2010SenateFiled with Secretary by Sen. Michael Noland
  2/10/2010SenateFirst Reading
  2/10/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to Consumer Protection
  3/3/2010SenateTo Consumer Protection Subcommittee on Special Issues
  3/8/2010SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die

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