House Sponsors: BRADY. Short description: INS FINANCIAL REGULATION Synopsis of Bill as introduced: Amends the Health Maintenance Organization Act to provide that entities organized under that Act are subject to the Risk-Based Capital Law. Amends the Illinois Insurance Code in relation to the regulation of company finances. Revises the definition of "qualified business entity" with respect to lending arrangements by domestic captive companies. Invalidates possessory liens held by an attorney as a basis for withholding files or otherwise with respect to a company in rehabilitation or liquidation. Provides for the existence of domestic surplus lines insurers. Requires reports to the Director regarding fire insurance procured only from unauthorized insurers subject to tax under the Fire Investigation Act. Amends the Dental Service Plan Act and the Voluntary Health Services Plans Act to limit certain contingent reserves to $1,500,000. Amends the Farm Mutual Insurance Company Act of 1986 to authorize additional investment opportunities. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status