Illinois General Assembly - Bill Status for SB1729

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Bill Status of SB1729 98th General Assembly

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Short Description: INS CD-RISK BASED CAPITAL

Senate Sponsors
Sen. William R. Haine

House Sponsors
(Rep. JoAnn D. Osmond)

Last Action

Date	Chamber	Action
8/2/2013	Senate	Public Act . . . . . . . . . 98-0157

Statutes Amended In Order of Appearance

Synopsis As Introduced
Amends the Illinois Insurance Code in the Article concerning risk-based capital. Sets forth a definition of "fraternal benefit society" and makes a change in the definition of "negative trend". Includes fraternal benefit societies in the provisions concerning RBC Reports and mandatory control level events. Makes a change to one of the definitions of a company action level event to include the filing of an RBC Report by an insurer that indicates that the insurer, if a life, health, or life and health insurer or a fraternal benefit society (rather than a life, health, or life and health insurer), has total adjusted capital that is greater than or equal to its company action level RBC, but less than the product of its authorized control level RBC and 3.0 (rather than 2.5) and has a negative trend. Sets forth a provision concerning the RBC Reports required to be filed by fraternal benefit societies. Effective immediately.

Actions

Date	Chamber	Action
2/15/2013	Senate	Filed with Secretary by Sen. William R. Haine
2/15/2013	Senate	First Reading
2/15/2013	Senate	Referred to Assignments
2/27/2013	Senate	Assigned to Insurance
3/6/2013	Senate	Do Pass Insurance; 009-000-000
3/6/2013	Senate	Placed on Calendar Order of 2nd Reading March 7, 2013
3/12/2013	Senate	Second Reading
3/12/2013	Senate	Placed on Calendar Order of 3rd Reading March 13, 2013
4/10/2013	Senate	Third Reading - Passed; 052-000-000
4/10/2013	House	Arrived in House
4/15/2013	House	Chief House Sponsor Rep. JoAnn D. Osmond
4/15/2013	House	First Reading
4/15/2013	House	Referred to Rules Committee
4/16/2013	House	Assigned to Insurance Committee
5/2/2013	House	Do Pass / Short Debate Insurance Committee; 020-000-000
5/2/2013	House	Placed on Calendar 2nd Reading - Short Debate
5/7/2013	House	Second Reading - Short Debate
5/7/2013	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/9/2013	House	Third Reading - Short Debate - Passed 114-000-000
5/9/2013	Senate	Passed Both Houses
6/6/2013	Senate	Sent to the Governor
8/2/2013	Senate	Governor Approved
8/2/2013	Senate	Effective Date August 2, 2013
8/2/2013	Senate	Public Act . . . . . . . . . 98-0157

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