---
type: "Bill"
title: "INS CD-CONVERSION-STOCK CO"
description: "Amends the Illinois Insurance Code in the provision concerning a mutual company's conversion to a stock company. Provides that the mutual company's meeting to vote upon the plan of conversion shall not be set for a date less than 30 days (rather than 60 days) after the date when the notice of the meeting is mailed by the mutual company. Makes a technical correction. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "98th"
identifier: "SB 2634"
citation: "Illinois SB 2634 (98th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 27
vote_count: 2
first_action: "2013-12-03"
last_action: "2014-07-16"
source: "openstates"
source_identifier: "ocd-bill/ba929e56-744a-4f4c-a1ec-588fe2424c16"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2634&GAID=12&DocTypeID=SB&LegId=77616&SessionID=85&GA=98"
source_hash: "0d9d52554ab8a0b6d147ad86aac9cfa8c80a6eb006fa1fb032aceed3248116e0"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois SB 2634 (98th) — INS CD-CONVERSION-STOCK CO

Amends the Illinois Insurance Code in the provision concerning a mutual company's conversion to a stock company. Provides that the mutual company's meeting to vote upon the plan of conversion shall not be set for a date less than 30 days (rather than 60 days) after the date when the notice of the meeting is mailed by the mutual company. Makes a technical correction. Effective immediately.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800SB2634&GA=98&SessionId=85&DocTypeId=SB&LegID=77616&DocNum=2634&GAID=12&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800SB2634eng&GA=98&SessionId=85&DocTypeId=SB&LegID=77616&DocNum=2634&GAID=12&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800SB2634enr&GA=98&SessionId=85&DocTypeId=SB&LegID=77616&DocNum=2634&GAID=12&Session=&print=true)

## Votes

- Third Reading — **107–0** (pass) · lower
- Third Reading — **52–0** (pass) · upper

## Sponsors

- Monique D. Davis — cosponsor (person)
- William R. Haine — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2013-12-03** Filed with Secretary by Sen. William R. Haine `filing`
- **2013-12-03** First Reading `reading-1`
- **2013-12-03** Referred to Assignments `referral-committee`
- **2014-01-29** Assigned to Insurance `referral-committee`
- **2014-02-04** Waive Posting Notice
- **2014-02-05** Do Pass Insurance; 009-000-000 `committee-passage`
- **2014-02-05** Placed on Calendar Order of 2nd Reading February 18, 2014
- **2014-02-20** Second Reading `reading-2`
- **2014-02-20** Placed on Calendar Order of 3rd Reading February 25, 2014
- **2014-02-27** Third Reading - Passed; 052-000-000 `reading-3, passage`
- **2014-02-27** Arrived in House `introduction`
- **2014-03-04** Chief House Sponsor Rep. Dwight Kay
- **2014-03-04** First Reading `reading-1`
- **2014-03-04** Referred to Rules Committee `referral-committee`
- **2014-03-06** Added Alternate Chief Co-Sponsor Rep. Frank J. Mautino
- **2014-04-23** Assigned to Insurance Committee `referral-committee`
- **2014-04-29** Do Pass / Short Debate Insurance Committee; 021-000-000 `committee-passage`
- **2014-04-30** Placed on Calendar 2nd Reading - Short Debate
- **2014-04-30** Added Alternate Co-Sponsor Rep. Monique D. Davis
- **2014-05-06** Second Reading - Short Debate `reading-2`
- **2014-05-06** Placed on Calendar Order of 3rd Reading - Short Debate
- **2014-05-08** Third Reading - Short Debate - Passed 107-000-000 `reading-3, passage`
- **2014-05-08** Passed Both Houses
- **2014-05-21** Sent to the Governor `executive-receipt`
- **2014-07-16** Governor Approved `executive-signature`
- **2014-07-16** Effective Date July 16, 2014
- **2014-07-16** Public Act . . . . . . . . . 98-0755 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ba929e56-744a-4f4c-a1ec-588fe2424c16`. Confidence: reported (aggregated from official Illinois legislature records).