Illinois Senate Bill 2396 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 22-1)
Status: Introduced on February 3 2016 - 25% progression, died in committee
Action: 2016-04-22 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Creates the Unclaimed Life Insurance Benefits Act. Provides that the purpose of the Act is to require all authorized insurers regulated by the Department of Insurance to undertake good faith efforts, as specified in the Act, to locate and pay beneficiaries' proceeds under unclaimed life insurance policies, annuity contracts, and retained asset accounts issued in the State or remit such proceeds as unclaimed property to the appropriate jurisdiction if the beneficiaries are unable to be located or paid. Requires insurers to implement the certain policies and procedures for performing a comparison of its policies, annuity contracts, and retained asset accounts against the United States Social Security Administration's Death Master File. Provides that failure to meet any requirement of the Act is an unfair trade practice under the Illinois Insurance Code, and amends the Illinois Insurance Code to make a corresponding change.

UNCLAIMED LIFE INS BENEFITS

Sen. John Mulroe [D]	Sen. Terry Link [D]	Sen. Jacqueline Collins [D]	Sen. David Koehler [D]
Sen. Toi Hutchinson [D]	Sen. Napoleon Harris [D]	Sen. Scott Bennett [D]	Sen. Linda Holmes [D]
Sen. Daniel Biss [D]	Sen. Melinda Bush [D]	Sen. Julie Morrison [D]	Sen. Heather Steans [D]
Sen. Michael Hastings [D]	Sen. William McCann [R]	Sen. James Clayborne [D]	Sen. Thomas Cullerton [D]
Sen. Andy Manar [D]	Sen. Michael Noland [D]	Sen. Iris Martinez [D]	Sen. Steven Landek [D]
Sen. William Delgado [D]	Sen. Martin Sandoval [D]	Sen. Patricia Van Pelt [D]

Date	Chamber	Action
2016-04-22	Senate	Rule 3-9(a) / Re-referred to Assignments
2016-04-21	Senate	Added as Co-Sponsor Sen. Patricia Van Pelt
2016-04-21	Senate	Added as Co-Sponsor Sen. Martin A. Sandoval
2016-04-21	Senate	Added as Co-Sponsor Sen. William Delgado
2016-04-21	Senate	Added as Co-Sponsor Sen. Steven M. Landek
2016-04-20	Senate	Added as Co-Sponsor Sen. Iris Y. Martinez
2016-04-20	Senate	Added as Co-Sponsor Sen. Michael Noland
2016-04-18	Senate	Added as Co-Sponsor Sen. Andy Manar
2016-04-13	Senate	Added as Co-Sponsor Sen. Thomas Cullerton
2016-04-11	Senate	Added as Co-Sponsor Sen. James F. Clayborne, Jr.
2016-04-08	Senate	Rule 2-10 Committee Deadline Established As April 22, 2016
2016-04-08	Senate	Added as Co-Sponsor Sen. Wm. Sam McCann
2016-04-08	Senate	Added as Co-Sponsor Sen. Michael E. Hastings
2016-04-07	Senate	Added as Co-Sponsor Sen. Heather A. Steans
2016-04-07	Senate	Added as Chief Co-Sponsor Sen. Toi W. Hutchinson
2016-04-07	Senate	Added as Co-Sponsor Sen. Julie A. Morrison
2016-04-06	Senate	Added as Co-Sponsor Sen. Melinda Bush
2016-04-06	Senate	Added as Co-Sponsor Sen. Daniel Biss
2016-03-03	Senate	Added as Co-Sponsor Sen. Linda Holmes
2016-03-02	Senate	Added as Co-Sponsor Sen. Scott M. Bennett
2016-02-23	Senate	Added as Chief Co-Sponsor Sen. David Koehler
2016-02-17	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
2016-02-16	Senate	Added as Co-Sponsor Sen. Napoleon Harris, III
2016-02-16	Senate	Added as Chief Co-Sponsor Sen. Terry Link
2016-02-16	Senate	Assigned to Insurance
2016-02-03	Senate	Referred to Assignments
2016-02-03	Senate	First Reading
2016-02-03	Senate	Filed with Secretary by Sen. John G. Mulroe

Chapter	Article	Section	Citation Type	Statute Text
215	5	424	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2396&GAID=13&DocTypeID=SB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/SB/09900SB2396.htm