<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1573         </title>
<shortdesc>INS CD-INDUSTRIAL INSUREDS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. William R. Haine-Linda Holmes</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Jim Durkin)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>215 ILCS 5/121-2.08</reference><aliasreference>from Ch. 73, par. 733-2.08</aliasreference><reference>215 ILCS 5/412</reference><aliasreference>from Ch. 73, par. 1024</aliasreference><reference>215 ILCS 5/445</reference><aliasreference>from Ch. 73, par. 1057</aliasreference><SynopsisText>Amends the Illinois Insurance Code. In the provision concerning transactions in the State involving industrial insureds' contracts of insurance, restores the language that was deleted by Public Act 98-978 and deletes the language that was added by Public Act 98-978. Deletes the references to the provision concerning transactions in the State involving industrial insureds' contracts of insurance that were added by Public Act 98-978. Deletes language in the definition of "home state" that was added by Public Act 98-978. Effective immediately.</SynopsisText><synopsistitle>Senate Committee Amendment No. 1</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>215 ILCS 5/412</reference><aliasreference></aliasreference><reference>215 ILCS 5/445</reference><aliasreference></aliasreference><SynopsisText>Replaces everything after the enacting clause. Amends a provision of the Illinois Insurance Code concerning contracts of insurance independently procured directly from an unauthorized insurer by industrial insureds. Provides that contracts of insurance with a captive insurance company shall not be subject to specified provisions of the Code. Defines "captive insurance company". Effective on January 1, 2016.</SynopsisText></synopsis>
<actions>
<statusdate>2/20/2015</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. William R. Haine</action>
<statusdate>2/20/2015</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/20/2015</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/3/2015</statusdate><chamber>Senate</chamber><action>Assigned to Insurance</action>
<statusdate>3/10/2015</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine</action>
<statusdate>3/10/2015</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Referred to Assignments</action>
<statusdate>3/17/2015</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Assignments Refers to Insurance</action>
<statusdate>3/25/2015</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Adopted</action>
<statusdate>3/26/2015</statusdate><chamber>Senate</chamber><action>Do Pass as Amended Insurance;  015-000-000</action>
<statusdate>3/26/2015</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading April 14, 2015</action>
<statusdate>4/16/2015</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/16/2015</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 21, 2015</action>
<statusdate>4/21/2015</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Linda Holmes</action>
<statusdate>4/21/2015</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 054-000-000</action>
<statusdate>4/21/2015</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>4/21/2015</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Jim Durkin</action>
<statusdate>4/21/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>4/21/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

