Roll Call: IL SB1377 | 2019-2020 | 101st General Assembly
For additional roll call votes on Illinois SB1377 please see the Vote List
Bill Title: Amends the Illinois Insurance Code. Provides that the Director of Insurance shall approve a plan of division unless he or she finds that each new company created by the proposed division, except a new company that is a nonsurviving party to certain mergers, that will be a member insurer of the Illinois Life and Health Insurance Guaranty Association and that will have policy liabilities allocated to it will not be licensed to do insurance business in each state where such policies were written by the dividing company.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Passed) 2019-08-23 - Public Act . . . . . . . . . 101-0549 [SB1377 Detail]
Text: Latest bill text (Chaptered) [HTML]
Bill Title: Amends the Illinois Insurance Code. Provides that the Director of Insurance shall approve a plan of division unless he or she finds that each new company created by the proposed division, except a new company that is a nonsurviving party to certain mergers, that will be a member insurer of the Illinois Life and Health Insurance Guaranty Association and that will have policy liabilities allocated to it will not be licensed to do insurance business in each state where such policies were written by the dividing company.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Passed) 2019-08-23 - Public Act . . . . . . . . . 101-0549 [SB1377 Detail]
Text: Latest bill text (Chaptered) [HTML]
Vote: Concurrence in Senate
| Vote | Tally | Democrat | Republican |
|---|---|---|---|
| Yea | 55 | 36 | 19 |
| Nay | - | - | - |
| Not Voting | 4 | 4 | - |
| Absent | - | - | - |
| TOTAL | 59 | 40 | 19 |
