Illinois Senate Bill 2739 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Insurance Code. Authorizes the Illinois Insurance Guaranty Fund, at the direction of its board of directors and subject to the approval of the Director of Insurance, to form and own a not-for-profit corporation to which the Fund may delegate certain of its powers and duties provided by the Code. Allows the not-for-profit corporation to contract to provide services to the Office of Special Deputy Receiver or any other person or organization authorized by law to carry out the duties of the Director in the capacity of receiver under specified provisions of the Code, the Illinois Life and Health Insurance Guaranty Association, and organizations in another state similar to the Illinois Insurance Guaranty Fund or the Illinois Life and Health Insurance Guaranty Association. Effective immediately.

INSURANCE GUARANTY FUND

Sen. Napoleon Harris [D]

Date	Chamber	Action
2021-01-13	Senate	Session Sine Die
2020-01-29	Senate	Referred to Assignments
2020-01-29	Senate	First Reading
2020-01-29	Senate	Filed with Secretary by Sen. Napoleon Harris, III

Chapter	Article	Section	Citation Type	Statute Text
215	5	537.9	Amended Code	Citation Text
215	5	538	Amended Code	Citation Text
215	5	538.10	New Code	See Bill Text
215	5	538.2	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2739&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB2739.htm