BRUNSVOLD-GRANBERG-RUTHERFORD-PARKE-YARBROUGH, HASSERT AND BEAUBIEN. (PETERSON) 215 ILCS 5/229.4 from Ch. 73, par. 841.4 Amends the Illinois Insurance Code. Provides that from July 1, 2002 until July 1, 2005 the rate of interest used in calculating minimum nonforfeiture amounts for certain contracts shall be 1.5%, rather than 3%, per year. Effective July 1, 2002. FISCAL NOTE (Department of Insurance) House Bill 5607 will have no fiscal impact on the Department. FEB-06-2002 H FILED WITH CLERK FEB-06-2002 H FIRST READING FEB-06-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-07-2002 H ADDED AS A JOINT SPONSOR BRUNSVOLD FEB-07-2002 H ADDED AS A JOINT SPONSOR GRANBERG FEB-13-2002 H ASSIGNED TO COMMITTEE INSURANCE FEB-15-2002 H PRIMARY SPONSOR CHANGED TO BRUNSVOLD FEB-15-2002 H JOINT-SPONSOR CHANGED TO RUTHERFORD FEB-15-2002 H ADDED AS A CO-SPONSOR HASSERT FEB-20-2002 H FISCAL NOTE FILED FEB-20-2002 H COMMITTEE INSURANCE FEB-20-2002 H ADDED AS A JOINT SPONSOR PARKE FEB-20-2002 H ADDED AS A JOINT SPONSOR YARBROUGH FEB-21-2002 H DO PASS/SHORT DEBATE 012-000-000 HINS FEB-21-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE FEB-22-2002 H ADDED AS A CO-SPONSOR BEAUBIEN MAR-22-2002 H SECOND READING-SHORT DEBATE MAR-22-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-01-2002 H PLCD CAL ORDER 3RD READING-SHORT DEBATE APR-02-2002 H THIRD READING/SHORT DEBATE/PASSED 114-000-000 APR-03-2002 S ARRIVE IN SENATE APR-03-2002 S PLACED CALENDAR ORDER OF FIRST READING 02-04-04 APR-03-2002 S CHIEF SPONSOR PETERSON APR-03-2002 S FIRST READING APR-03-2002 S REFERRED TO SENATE RULES COMMITTEE RULES APR-10-2002 S ASSIGNED TO COMMITTEE INS & PENS. APR-16-2002 S DO PASS 007-000-000 SINS APR-16-2002 S PLACED ON CALENDAR ORDER OF 2ND READING 02-04-07 APR-17-2002 S SECOND READING APR-17-2002 S PLACED ON CALENDAR ORDER OF 3RD READING 02-04-18 APR-18-2002 S THIRD READING - PASSED 057-000-000 APR-18-2002 H PASSED BOTH HOUSES APR-22-2002 H SENT TO THE GOVERNOR JUN-12-2002 H GOVERNOR APPROVED JUN-12-2002 H EFFECTIVE DATE 02-07-01 JUN-12-2002 H PUBLIC ACT.............................. 92-0541 END OF INQUIRY Full Text Bill Summary