<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 2513         </title>
<shortdesc>INS CD-CONVERSION TO STOCK CO</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. William R. Haine</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>215 ILCS 5/59.1</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Insurance Code. Replaces provisions relating to conversion of a mutual property and casualty insurance company to a stock insurance company. Includes provisions governing: the adoption of a plan of conversion; requirements, options, and alternatives of a plan of conversion; rights of members whose policies precede the conversion; conflicts of interest; rules; notice requirements; and limitation on actions. Effective January 1, 2017.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2016</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. William R. Haine</action>
<statusdate>2/9/2016</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2016</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/17/2016</statusdate><chamber>Senate</chamber><action>Assigned to Insurance</action>
<statusdate>4/8/2016</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

