92nd General Assembly Summary of HB5932    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
OSMOND.

Short description: 
INS GUARANTY FUND AUTOMTC STAY                                             

Synopsis of Bill as introduced:
        Amends the  Illinois  Insurance  Guaranty  Fund  Article  of  the      
   Illinois  Insurance  Code in regard to a stay of proceedings involving      
   an insolvent insurer.  Provides that a stay is mandatory for 120  days      
   plus any additional period of time determined by the trial court to be      
   necessary.   Sets  forth  procedures  for  implementation of the stay.      
   Effective immediately.                                                      
 
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 


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