Illinois General Assembly - Bill Status for SB3318

Home

Legislation & Laws

Senate

House

My Legislation

Site Map

Previous General Assemblies

Bill Status of SB3318 102nd General Assembly

Full Text Votes Witness Slips View All Actions Printer-Friendly Version

Short Description: INS CD-INS EXEC SALARY CAP

Senate Sponsors
Sen. Michael Noland

Last Action

Date	Chamber	Action
1/12/2011	Senate	Session 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

Date	Chamber	Action
2/10/2010	Senate	Filed with Secretary by Sen. Michael Noland
2/10/2010	Senate	First Reading
2/10/2010	Senate	Referred to Assignments
2/24/2010	Senate	Assigned to Consumer Protection
3/3/2010	Senate	To Consumer Protection Subcommittee on Special Issues
3/8/2010	Senate	Rule 3-9(a) / Re-referred to Assignments
1/12/2011	Senate	Session Sine Die

×