House Sponsors: PARKE. Short description: UNIFORM INSURANCE RECEIVERSHIP Synopsis of Bill as introduced: Creates the Interstate Compact Uniform Receivership Law. This Act replaces Article XIII and Article XIII 1/2 of the Illinois Insurance Code and provides for the supervision, rehabilitation, and liquidation of insurance companies in a uniform manner among states that adopt the Interstate Compact Uniform Receivership Law. The Interstate Compact Uniform Receivership Law provides for regulation of insolvent insurance companies in the manner proposed by the Interstate Insurance Receivership Commission created under the Interstate Insurance Receivership Compact. Amends various insurance regulatory Acts to make conforming changes. Effective January 1, 2002 or the date substantially identical provisions are adopted by all of the other states that currently are members of the Interstate Insurance Receivership Compact. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status