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

---
type: "Bill"
title: "INS CD-RISK RETENTION"
description: "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."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "99th"
identifier: "SB 2589"
citation: "Illinois SB 2589 (99th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 30
vote_count: 2
first_action: "2016-02-16"
last_action: "2016-06-24"
source: "openstates"
source_identifier: "ocd-bill/9fb47550-3538-42d2-ad1c-ef07f218e35d"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2589&GAID=13&DocTypeID=SB&LegId=95634&SessionID=88&GA=99"
source_hash: "e1fc12bd365a7959f16b588e8aec80bf713dc98c0010e943082a8f95bf1fd417"
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 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](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB2589&GA=99&SessionId=88&DocTypeId=SB&LegID=95634&DocNum=2589&GAID=13&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB2589eng&GA=99&SessionId=88&DocTypeId=SB&LegID=95634&DocNum=2589&GAID=13&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB2589enr&GA=99&SessionId=88&DocTypeId=SB&LegID=95634&DocNum=2589&GAID=13&Session=&print=true)

## 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](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9fb47550-3538-42d2-ad1c-ef07f218e35d`. Confidence: reported (aggregated from official Illinois legislature records).