republic-os/legislation/us/states/il/99th/sb-2589.md

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-RISK RETENTION	Amends the Illinois Insurance Code. Requires the Director of Insurance to forward certain information to the National Association of Insurance Commissioners. Establishes new governance standards that must be met by existing risk retention groups within one year after the effective date of the amendatory Act. Establishes governance standards concerning boards of directors, independent directors, service provider contracts, adopting certain written policies, audit committees, disclosure, business conduct and ethics, and reporting noncompliance. Requires risk retention groups to submit copies of material revisions to their plans of operation or feasibility studies within 30 days after the date of the approval of the revisions. Exempts purchasing groups meeting certain federal requirements from additional laws concerning insurance.	us/states/il	Illinois General Assembly	99th	SB 2589	Illinois SB 2589 (99th)	bill		enacted		3	30	2	2016-02-16	2016-06-24	openstates	ocd-bill/9fb47550-3538-42d2-ad1c-ef07f218e35d	http://ilga.gov/legislation/BillStatus.asp?DocNum=2589&GAID=13&DocTypeID=SB&LegId=95634&SessionID=88&GA=99	e1fc12bd365a7959f16b588e8aec80bf713dc98c0010e943082a8f95bf1fd417	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 2589 (99th) — INS CD-RISK RETENTION

Amends the Illinois Insurance Code. Requires the Director of Insurance to forward certain information to the National Association of Insurance Commissioners. Establishes new governance standards that must be met by existing risk retention groups within one year after the effective date of the amendatory Act. Establishes governance standards concerning boards of directors, independent directors, service provider contracts, adopting certain written policies, audit committees, disclosure, business conduct and ethics, and reporting noncompliance. Requires risk retention groups to submit copies of material revisions to their plans of operation or feasibility studies within 30 days after the date of the approval of the revisions. Exempts purchasing groups meeting certain federal requirements from additional laws concerning insurance.

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 — 56–0 (pass) · upper
• Third Reading — 116–0 (pass) · lower

Sponsors

• Antonio Muñoz — primary (person)

Timeline

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

• 2016-02-16 Filed with Secretary by Sen. Antonio Muñoz filing
• 2016-02-16 First Reading reading-1
• 2016-02-16 Referred to Assignments referral-committee
• 2016-02-24 Assigned to Insurance referral-committee
• 2016-04-06 Do Pass Insurance; 011-000-000 committee-passage
• 2016-04-06 Placed on Calendar Order of 2nd Reading April 7, 2016
• 2016-04-13 Senate Floor Amendment No. 1 Filed with Secretary by Sen. Antonio Muñoz amendment-introduction
• 2016-04-13 Senate Floor Amendment No. 1 Referred to Assignments referral-committee
• 2016-04-19 Senate Floor Amendment No. 1 Be Approved for Consideration Assignments
• 2016-04-19 Second Reading reading-2
• 2016-04-19 Placed on Calendar Order of 3rd Reading April 20, 2016
• 2016-04-20 Recalled to Second Reading reading-2
• 2016-04-20 Senate Floor Amendment No. 1 Adopted; Muñoz amendment-passage
• 2016-04-20 Placed on Calendar Order of 3rd Reading
• 2016-04-20 Third Reading - Passed; 056-000-000 reading-3, passage
• 2016-04-21 Arrived in House introduction
• 2016-04-26 Chief House Sponsor Rep. Edward J. Acevedo
• 2016-05-03 First Reading reading-1
• 2016-05-03 Referred to Rules Committee referral-committee
• 2016-05-03 Assigned to Insurance Committee referral-committee
• 2016-05-10 Do Pass / Short Debate Insurance Committee; 018-000-000 committee-passage
• 2016-05-11 Placed on Calendar 2nd Reading - Short Debate
• 2016-05-19 Second Reading - Short Debate reading-2
• 2016-05-19 Placed on Calendar Order of 3rd Reading - Short Debate
• 2016-05-25 Third Reading - Short Debate - Passed 116-000-000 reading-3, passage
• 2016-05-25 Passed Both Houses
• 2016-06-23 Sent to the Governor executive-receipt
• 2016-06-24 Governor Approved executive-signature
• 2016-06-24 Effective Date January 1, 2017
• 2016-06-24 Public Act . . . . . . . . . 99-0512 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/9fb47550-3538-42d2-ad1c-ef07f218e35d. Confidence: reported (aggregated from official Illinois legislature records).