CAPPARELLI-WOJCIK-BUGIELSKI-DEUCHLER-BRUNSVOLD-JONES,SHIRLEY LANG. 205 ILCS 5/5 from Ch. 17, par. 311 205 ILCS 5/48.2 from Ch. 17, par. 360.1 205 ILCS 105/1-6 from Ch. 17, par. 3301-6 205 ILCS 205/1008 from Ch. 17, par. 7301-8 205 ILCS 305/13 from Ch. 17, par. 4414 205 ILCS 305/55 from Ch. 17, par. 4456 205 ILCS 620/1-6 from Ch. 17, par. 1551-6 215 ILCS 5/499.1 from Ch. 73, par. 1065.46-1 215 ILCS 5/Article heading new 215 ILCS 5/1400 new 215 ILCS 5/1401 new 215 ILCS 5/1402 new 215 ILCS 5/1403 new 215 ILCS 5/1404 new 215 ILCS 5/1405 new 215 ILCS 5/1406 new 215 ILCS 5/1407 new 215 ILCS 5/1408 new 215 ILCS 5/1409 new 215 ILCS 5/1410 new 215 ILCS 5/1411 new 215 ILCS 5/1412 new 215 ILCS 5/1413 new 215 ILCS 5/1414 new 215 ILCS 5/1415 new 215 ILCS 5/1416 new 215 ILCS 5/1417 new Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, the Savings Bank Act, the Illinois Credit Union Act, the Corporate Fiduciary Act, and the Illinois Insurance Code. Authorizes financial institutions to act as agents for insurance companies. Establishes license requirements for insurance sales. Sets forth standards of conduct. Provides that a financial institution transacting an insurance business prior to the effective date of this amendatory Act has 180 days after that effective date to bring its insurance operations into compliance with the provisions of this amendatory Act. Effective immediately. FISCAL NOTE (Dept. of Insurance) The Dept. does not anticipate any increased cost due to HB375. 97-01-30 H FIRST READING 97-01-30 H ADDED AS A JOINT SPONSOR WOJCIK 97-01-30 H ADDED AS A CO-SPONSOR BUGIELSKI 97-01-30 H ADDED AS A CO-SPONSOR DEUCHLER 97-01-30 H ADDED AS A CO-SPONSOR BRUNSVOLD 97-01-30 H ADDED AS A CO-SPONSOR JONES,SHIRLEY 97-01-30 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-02-05 H ADDED AS A CO-SPONSOR LANG 97-02-10 H ASSIGNED TO COMMITTEE BANKS-INSURN 97-02-19 H FISCAL NOTE FILED 97-02-19 H COMMITTEE BANKS-INSURN 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary