INS-DOMESTIC STOCK CO/DIVISION Senate SponsorsSen. Napoleon Harris, III House Sponsors(Rep. Thaddeus Jones-Bob Morgan) 6/9/2023SenatePublic Act . . . . . . . . . 103-0090 215 ILCS 5/35B-25215 ILCS 5/35B-30Amends the Domestic Stock Company Division Article of the Illinois Insurance Code. In provisions concerning plan of division approval, provides that any decision by the Director of Insurance on whether or not to hold a public hearing on either a plan of division or an amended plan of division may be made independently by the Director. Provides that if a dividing company amends its plan of division at any time before the plan of division becomes effective, then the dividing company shall file the amended plan of division for approval by the Director. Provides that if a hearing is conducted on the amended plan of division after the Director has approved a previous plan of division, then the hearing shall not be considered a rehearing. Provides that the fee assessed for filing a plan of division shall not apply to the filing of an amended plan of division. In provisions concerning certificates of division, provides that if the dividing company files an amended plan of division with the Director after a certificate of division has been filed for a previous plan, then the dividing company shall file a certificate of stay with the recorder. Provides that the certificate of stay shall identify the certificate of division being stayed and the date on which the amended plan of division was filed with the Director. Makes other changes. Effective immediately. 2/7/2023SenateFiled with Secretary by Sen. Napoleon Harris, III 2/7/2023SenateFirst Reading 2/7/2023SenateReferred to Assignments 2/14/2023SenateAssigned to Insurance 2/22/2023SenateDo Pass Insurance; 010-000-000 2/22/2023SenatePlaced on Calendar Order of 2nd Reading February 23, 2023 3/22/2023SenateSecond Reading 3/22/2023SenatePlaced on Calendar Order of 3rd Reading March 23, 2023 3/23/2023SenateThird Reading - Passed; 057-000-000 3/23/2023HouseArrived in House 3/23/2023HouseChief House Sponsor Rep. Thaddeus Jones 3/23/2023HouseFirst Reading 3/23/2023HouseReferred to Rules Committee 4/11/2023HouseAssigned to Insurance Committee 4/12/2023HouseAdded Alternate Chief Co-Sponsor Rep. Bob Morgan 4/18/2023HouseDo Pass / Short Debate Insurance Committee; 014-000-000 4/19/2023HousePlaced on Calendar 2nd Reading - Short Debate 4/27/2023HouseSecond Reading - Short Debate 4/27/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/8/2023HouseThird Reading - Short Debate - Passed 105-000-000 5/8/2023SenatePassed Both Houses 6/6/2023SenateSent to the Governor 6/9/2023SenateGovernor Approved 6/9/2023SenateEffective Date June 9, 2023 6/9/2023SenatePublic Act . . . . . . . . . 103-0090