Illinois 98th Regular Session Status: In Committee

HB 2290 — INS CD-HOLDING CO SYSTEMS

Last action — Session Sine Die

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 98th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Illinois Insurance Code in the Article concerning insurance holding company systems. Makes changes to the definitions. Provides that a domestic company, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries, and that the subsidiaries may conduct any kind of business or businesses and their authority to do so shall not be limited by reason of the fact that they are subsidiaries of a domestic company. Makes changes to the provisions concerning a domestic company's permitted investments. Includes certain filing requirements in the provision concerning the acquisition of control of or merger with a domestic company. Makes changes to provisions concerning the statement that is required to be filed with the Director of Insurance. Deletes certain provisions concerning deposits made with the Director, orders entered by the Director, and reports of potential adverse economic impact made to the General Assembly by the Director. Makes changes to the provisions concerning certain violations, judicial jurisdiction, acquisitions, registration statements, reporting materials, termination of registration, disclaimers, transactions, prior notification, officers and directors, examination, confidential treatment, voting, sanctions, and judicial review. Sets forth provisions concerning exemptions, summary filing, enterprise risk filing, violations, confidentiality, and supervisory colleges. Repeals provisions concerning the delivery of certain filings and dependent coverage. Contains a severability provision. Effective on January 1, 2014, except that the provision concerning enterprise risk filing takes effect July 1, 2014.

Bill Text

Action History

  1. Session Sine Die

  2. Rule 19(a) / Re-referred to Rules Committee

  3. Held on Calendar Order of Second Reading - Short Debate

  4. Second Reading - Short Debate

  5. House Floor Amendment No. 1 Referred to Rules Committee

  6. House Floor Amendment No. 1 Filed with Clerk by Rep. Frank J. Mautino

  7. Placed on Calendar 2nd Reading - Short Debate

  8. Do Pass / Short Debate Insurance Committee; 026-000-000

  9. Assigned to Insurance Committee

  10. Referred to Rules Committee

  11. First Reading

  12. Filed with the Clerk by Rep. Frank J. Mautino

Sponsors

  • Frank J. Mautino · Cosponsor

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

  • Frank J. Mautino

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance health-insurance
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Frequently asked questions

What does HB 2290 do?
Amends the Illinois Insurance Code in the Article concerning insurance holding company systems. Makes changes to the definitions. Provides that a domestic company, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries, and that the subsidiaries may conduct any kind of business or businesses and their authority to do so shall not be limited by reason of the fact that they are subsidiaries of a domestic company. Makes changes to the provisions concerning a domestic company's permitted investments. Includes certain filing requirements in the provision concerning the acquisition of control of or merger with a domestic company. Makes changes to provisions concerning the statement that is required to be filed with the Director of Insurance. Deletes certain provisions concerning deposits made with the Director, orders entered by the Director, and reports of potential adverse economic impact made to the General Assembly by the Director. Makes changes to the provisions concerning certain violations, judicial jurisdiction, acquisitions, registration statements, reporting materials, termination of registration, disclaimers, transactions, prior notification, officers and directors, examination, confidential treatment, voting, sanctions, and judicial review. Sets forth provisions concerning exemptions, summary filing, enterprise risk filing, violations, confidentiality, and supervisory colleges. Repeals provisions concerning the delivery of certain filings and dependent coverage. Contains a severability provision. Effective on January 1, 2014, except that the provision concerning enterprise risk filing takes effect July 1, 2014.
Who sponsors HB 2290?
HB 2290 is sponsored by Frank J. Mautino.
What is the current status of HB 2290?
This bill died with 98th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 2290?
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