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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-REINSURANCE Amends the Illinois Insurance Code. With regard to an assuming insurer's trust fund, provides that not later than February 28 of each year, the assuming insurer's chief executive officer or chief financial officer shall certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a trusteed surplus of not less than $20,000,000. Permits a reduction in the required trusteed surplus in specified circumstances. Provides that in the event that the provision concerning the reduction in the required trusteed surplus applies to the trust, the assuming insurer's chief executive officer or chief financial officer shall then certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a reduced trusteed surplus of not less than the amount that has been authorized by the regulatory authority having principal regulatory oversight of the trust. Makes changes to the provisions concerning financial strength ratings. Sets forth provisions concerning downgrades by rating agencies, the Director's authority, upgrading the rating of a certified reinsurer, and the revocation of the certification of a certified reinsurer. Makes other changes. us/states/il Illinois General Assembly 98th SB 2979 Illinois SB 2979 (98th)
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3 54 3 2014-02-04 2015-01-09 openstates ocd-bill/7661ba21-31ab-4a8b-af06-6bf2e92fe1cb http://ilga.gov/legislation/BillStatus.asp?DocNum=2979&GAID=12&DocTypeID=SB&LegId=79209&SessionID=85&GA=98 b81ec78e9495ee903fdc8c35342bff2652a31d41c9e6a97bd6f70f3cf20b24ec 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
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us-il

Illinois SB 2979 (98th) — INS CD-REINSURANCE

Amends the Illinois Insurance Code. With regard to an assuming insurer's trust fund, provides that not later than February 28 of each year, the assuming insurer's chief executive officer or chief financial officer shall certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a trusteed surplus of not less than $20,000,000. Permits a reduction in the required trusteed surplus in specified circumstances. Provides that in the event that the provision concerning the reduction in the required trusteed surplus applies to the trust, the assuming insurer's chief executive officer or chief financial officer shall then certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a reduced trusteed surplus of not less than the amount that has been authorized by the regulatory authority having principal regulatory oversight of the trust. Makes changes to the provisions concerning financial strength ratings. Sets forth provisions concerning downgrades by rating agencies, the Director's authority, upgrading the rating of a certified reinsurer, and the revocation of the certification of a certified reinsurer. Makes other changes.

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 — 111–0 (pass) · lower
  • Concurrence — 52–0 (pass) · upper
  • Third Reading — 49–0 (pass) · upper

Sponsors

  • Adam Brown — cosponsor (person)
  • Anthony DeLuca — cosponsor (person)
  • Greg Harris — cosponsor (person)
  • Jack D. Franks — cosponsor (person)
  • Maria Antonia Berrios — cosponsor (person)
  • Robert Rita — cosponsor (person)
  • Ron Sandack — cosponsor (person)
  • William R. Haine — primary (person)

Timeline

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

  • 2014-02-04 Filed with Secretary by Sen. Antonio Muñoz filing
  • 2014-02-04 First Reading reading-1
  • 2014-02-04 Referred to Assignments referral-committee
  • 2014-02-19 Assigned to Insurance referral-committee
  • 2014-03-20 Senate Committee Amendment No. 1 Filed with Secretary by Sen. Antonio Muñoz amendment-introduction
  • 2014-03-20 Senate Committee Amendment No. 1 Referred to Assignments referral-committee
  • 2014-03-25 Senate Committee Amendment No. 1 Assignments Refers to Insurance
  • 2014-03-26 Senate Committee Amendment No. 1 Adopted amendment-passage
  • 2014-03-27 Do Pass as Amended Insurance; 010-000-000 committee-passage
  • 2014-03-27 Placed on Calendar Order of 2nd Reading April 1, 2014
  • 2014-04-01 Second Reading reading-2
  • 2014-04-01 Placed on Calendar Order of 3rd Reading April 2, 2014
  • 2014-04-11 Rule 2-10 Third Reading Deadline Established As May 1, 2014 reading-3
  • 2014-04-29 Third Reading - Passed; 049-000-000 reading-3, passage
  • 2014-04-29 Arrived in House introduction
  • 2014-04-29 Chief House Sponsor Rep. Frank J. Mautino
  • 2014-04-30 First Reading reading-1
  • 2014-04-30 Referred to Rules Committee referral-committee
  • 2014-05-02 Added Alternate Chief Co-Sponsor Rep. Edward J. Acevedo
  • 2014-05-02 Added Alternate Chief Co-Sponsor Rep. Robert F. Martwick
  • 2014-05-02 Added Alternate Chief Co-Sponsor Rep. Michael J. Zalewski
  • 2014-05-02 Added Alternate Co-Sponsor Rep. Maria Antonia Berrios
  • 2014-05-02 Added Alternate Co-Sponsor Rep. Robert Rita
  • 2014-05-06 Added Alternate Co-Sponsor Rep. Jack D. Franks
  • 2014-05-06 Added Alternate Co-Sponsor Rep. Adam Brown
  • 2014-05-06 Added Alternate Co-Sponsor Rep. Ron Sandack
  • 2014-05-06 Added Alternate Co-Sponsor Rep. Greg Harris
  • 2014-05-07 Added Alternate Co-Sponsor Rep. Anthony DeLuca
  • 2014-11-18 Assigned to Insurance Committee referral-committee
  • 2014-11-18 House Committee Amendment No. 1 Filed with Clerk by Rep. Frank J. Mautino amendment-introduction
  • 2014-11-18 House Committee Amendment No. 1 Referred to Rules Committee referral-committee
  • 2014-11-18 House Committee Amendment No. 1 Rules Refers to Insurance Committee
  • 2014-11-19 Motion Filed to Suspend Rule 21 Insurance Committee; Rep. Barbara Flynn Currie
  • 2014-11-19 Motion to Suspend Rule 21 - Prevailed
  • 2014-11-19 House Committee Amendment No. 1 Adopted in Insurance Committee; by Voice Vote amendment-passage
  • 2014-11-19 Do Pass as Amended / Short Debate Insurance Committee; 023-000-000 committee-passage
  • 2014-11-19 Placed on Calendar 2nd Reading - Short Debate
  • 2014-11-19 Second Reading - Short Debate reading-2
  • 2014-11-19 Held on Calendar Order of Second Reading - Short Debate reading-2
  • 2014-11-20 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2014-11-20 Third Reading - Short Debate - Passed 111-000-001 reading-3, passage
  • 2014-11-20 Chief Sponsor Changed to Sen. William R. Haine
  • 2014-11-20 Secretary's Desk - Concurrence House Amendment(s) 1
  • 2014-11-20 Placed on Calendar Order of Concurrence House Amendment(s) 1 - December 2, 2014
  • 2014-12-02 House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. William R. Haine filing
  • 2014-12-02 House Committee Amendment No. 1 Motion to Concur Referred to Assignments referral-committee
  • 2014-12-02 House Committee Amendment No. 1 Motion to Concur Assignments Referred to Insurance referral-committee
  • 2014-12-02 House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Insurance; 009-000-000
  • 2014-12-04 House Committee Amendment No. 1 Senate Concurs 052-000-000
  • 2014-12-04 Passed Both Houses
  • 2014-12-15 Sent to the Governor executive-receipt
  • 2015-01-09 Governor Approved executive-signature
  • 2015-01-09 Effective Date June 1, 2015
  • 2015-01-09 Public Act . . . . . . . . . 98-1165 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/7661ba21-31ab-4a8b-af06-6bf2e92fe1cb. Confidence: reported (aggregated from official Illinois legislature records).

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