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republic-os/legislation/us/states/il/93rd/hb-5075.md
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Fabio 5941153bb7 Legislation: batch B — IL IN KS KY LA MA MD ME MI MN 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:27:20 -04:00

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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill INS CD-DEFERRED ANNUITIES Amends the Illinois Insurance Code. In provisions pertaining to the minimum values of any paid-up, cash surrender or death benefits available under an annuity contract based upon minimum nonforfeiture amounts as defined, modifies the definition determining the minimum nonforfeiture amount. Provides that the interest rate used in determining minimum nonforfeiture amounts to be an annual rate of interest determined as the lesser of 3% per annum and the following, which shall be specified in the contract if the interest rate will be reset, (i) the 5-year Constant Maturity Treasury Rate reported by the Federal Reserve, (ii) reduced by 125 basis points, (iii) the resulting interest rate is not less than 1%, and (iv) the interest rate applies for an initial period and may be redetermined for additional periods. Clarifies existing language and makes other changes. Effective July 1, 2006. us/states/il Illinois General Assembly 93rd HB 5075 Illinois HB 5075 (93rd)
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3 39 2 2004-02-05 2004-08-06 openstates ocd-bill/04aaadd2-918c-4364-b914-1ec760869404 http://ilga.gov/legislation/BillStatus.asp?DocNum=5075&GAID=3&DocTypeID=HB&LegId=9872&SessionID=3&GA=93 92b0891eae57dcb9aa419f694622dfaeb57a949d63f281f09f66ac08a1543346 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
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us-il

Illinois HB 5075 (93rd) — INS CD-DEFERRED ANNUITIES

Amends the Illinois Insurance Code. In provisions pertaining to the minimum values of any paid-up, cash surrender or death benefits available under an annuity contract based upon minimum nonforfeiture amounts as defined, modifies the definition determining the minimum nonforfeiture amount. Provides that the interest rate used in determining minimum nonforfeiture amounts to be an annual rate of interest determined as the lesser of 3% per annum and the following, which shall be specified in the contract if the interest rate will be reset, (i) the 5-year Constant Maturity Treasury Rate reported by the Federal Reserve, (ii) reduced by 125 basis points, (iii) the resulting interest rate is not less than 1%, and (iv) the interest rate applies for an initial period and may be redetermined for additional periods. Clarifies existing language and makes other changes. Effective July 1, 2006.

Version chain

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

  1. Introduced (filed) — source
  2. Engrossed (committee substitute) — source
  3. Enrolled (enrolled) — source

Votes

  • Third Reading — 46–4 (pass) · upper
  • Third Reading — 116–0 (pass) · lower

Sponsors

  • Frank J. Mautino — primary (person)

Timeline

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

  • 2004-02-05 Filed with the Clerk by Rep. Frank J. Mautino filing
  • 2004-02-05 First Reading reading-1
  • 2004-02-05 Referred to Rules Committee referral-committee
  • 2004-03-02 Assigned to Insurance Committee referral-committee
  • 2004-03-02 Motion to Suspend Rule 25 - Prevailed by Voice Vote
  • 2004-03-03 Do Pass / Short Debate Insurance Committee; 014-000-000 committee-passage
  • 2004-03-03 Placed on Calendar 2nd Reading - Short Debate
  • 2004-03-12 Fiscal Note Filed
  • 2004-03-17 House Floor Amendment No. 1 Filed with Clerk by Rep. Frank J. Mautino amendment-introduction
  • 2004-03-17 House Floor Amendment No. 1 Referred to Rules Committee referral-committee
  • 2004-03-25 House Floor Amendment No. 2 Filed with Clerk by Rep. Frank J. Mautino amendment-introduction
  • 2004-03-25 House Floor Amendment No. 2 Referred to Rules Committee referral-committee
  • 2004-03-25 House Floor Amendment No. 3 Filed with Clerk by Rep. Frank J. Mautino amendment-introduction
  • 2004-03-25 House Floor Amendment No. 3 Referred to Rules Committee referral-committee
  • 2004-03-26 Added Chief Co-Sponsor Rep. Ralph C. Capparelli
  • 2004-03-29 House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000 committee-passage-favorable
  • 2004-03-29 House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 004-000-000 committee-passage-favorable
  • 2004-03-29 Second Reading - Short Debate reading-2
  • 2004-03-29 House Floor Amendment No. 1 Adopted by Voice Vote amendment-passage
  • 2004-03-29 House Floor Amendment No. 3 Adopted by Voice Vote amendment-passage
  • 2004-03-29 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2004-03-30 Third Reading - Short Debate - Passed 116-000-000 reading-3, passage
  • 2004-03-31 Arrive in Senate introduction
  • 2004-03-31 Placed on Calendar Order of First Reading April 1, 2004 reading-1
  • 2004-03-31 Chief Senate Sponsor Sen. Denny Jacobs
  • 2004-03-31 First Reading reading-1
  • 2004-03-31 Referred to Rules referral-committee
  • 2004-04-21 Assigned to Insurance & Pensions referral-committee
  • 2004-04-22 Added as Alternate Chief Co-Sponsor Sen. William E. Peterson
  • 2004-04-28 Do Pass Insurance & Pensions; 009-000-000 committee-passage
  • 2004-04-28 Placed on Calendar Order of 2nd Reading April 29, 2004
  • 2004-04-29 Second Reading reading-2
  • 2004-04-29 Placed on Calendar Order of 3rd Reading May 4, 2004
  • 2004-05-11 Third Reading - Passed; 046-004-002 reading-3, passage
  • 2004-05-11 Passed Both Houses
  • 2004-06-09 Sent to the Governor executive-receipt
  • 2004-08-06 Governor Approved executive-signature
  • 2004-08-06 Effective Date August 6, 2004
  • 2004-08-06 Public Act . . . . . . . . . 93-0873 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/04aaadd2-918c-4364-b914-1ec760869404. Confidence: reported (aggregated from official Illinois legislature records).

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