Fabio
98 lines
6.3 KiB
Markdown
98 lines
6.3 KiB
Markdown
---
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type: "Bill"
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title: "INS CD-VALUATION OF POLICIES"
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description: "Amends the Illinois Insurance Code. Specifies that the requirement that the Director annually value, or cause to be valued, the reserve liabilities for all outstanding life insurance policies and annuity and pure endowment contracts of every life insurance company doing business in the State applies to policies and contracts issued prior to the operative date of the Valuation Manual. Specifies that the requirement that the Director annually value, or cause to be valued, the reserve liabilities for all outstanding life insurance contracts, annuity and pure endowment contracts, accident and health contracts, and deposit-type contracts of every company issued on or after the operative date of the Valuation Manual applies to policies and contracts issued on or after the operative date of the Valuation Manual. Makes technical and grammatical changes."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "99th"
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identifier: "SB 94"
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citation: "Illinois SB 94 (99th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 37
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vote_count: 2
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first_action: "2015-01-28"
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last_action: "2015-07-28"
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source: "openstates"
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source_identifier: "ocd-bill/bb54b870-c76d-4345-be53-0e3670a600af"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=94&GAID=13&DocTypeID=SB&LegId=83916&SessionID=88&GA=99"
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source_hash: "4179a89cb1b06b98dd9f5b564cc7ea0e4ef744a26da15dc3cca2fe67eef016a2"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 94 (99th) — INS CD-VALUATION OF POLICIES
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Amends the Illinois Insurance Code. Specifies that the requirement that the Director annually value, or cause to be valued, the reserve liabilities for all outstanding life insurance policies and annuity and pure endowment contracts of every life insurance company doing business in the State applies to policies and contracts issued prior to the operative date of the Valuation Manual. Specifies that the requirement that the Director annually value, or cause to be valued, the reserve liabilities for all outstanding life insurance contracts, annuity and pure endowment contracts, accident and health contracts, and deposit-type contracts of every company issued on or after the operative date of the Valuation Manual applies to policies and contracts issued on or after the operative date of the Valuation Manual. Makes technical and grammatical changes.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB0094&GA=99&SessionId=88&DocTypeId=SB&LegID=83916&DocNum=94&GAID=13&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB0094eng&GA=99&SessionId=88&DocTypeId=SB&LegID=83916&DocNum=94&GAID=13&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB0094enr&GA=99&SessionId=88&DocTypeId=SB&LegID=83916&DocNum=94&GAID=13&Session=&print=true)
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## Votes
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- Third Reading — **114–0** (pass) · lower
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- Third Reading — **53–0** (pass) · upper
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## Sponsors
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- David B. Reis — cosponsor (person)
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- William R. Haine — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2015-01-28** Filed with Secretary by Sen. William R. Haine `filing`
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- **2015-01-28** First Reading `reading-1`
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- **2015-01-28** Referred to Assignments `referral-committee`
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- **2015-02-11** Assigned to Insurance `referral-committee`
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- **2015-02-25** Added as Chief Co-Sponsor Sen. Pamela J. Althoff
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- **2015-03-10** Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine `amendment-introduction`
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- **2015-03-10** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
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- **2015-03-17** Senate Committee Amendment No. 2 Filed with Secretary by Sen. William R. Haine `amendment-introduction`
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- **2015-03-17** Senate Committee Amendment No. 2 Referred to Assignments `referral-committee`
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- **2015-03-17** Senate Committee Amendment No. 1 Assignments Refers to Insurance
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- **2015-03-18** Senate Committee Amendment No. 2 Assignments Refers to Insurance
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- **2015-03-18** Senate Committee Amendment No. 2 Adopted `amendment-passage`
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- **2015-03-19** Do Pass as Amended Insurance; 011-000-000 `committee-passage`
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- **2015-03-19** Placed on Calendar Order of 2nd Reading March 24, 2015
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- **2015-03-24** Second Reading `reading-2`
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- **2015-03-24** Placed on Calendar Order of 3rd Reading March 25, 2015
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- **2015-03-26** Third Reading - Passed; 053-000-000 `reading-3, passage`
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- **2015-03-26** Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
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- **2015-03-27** Arrived in House `introduction`
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- **2015-03-27** Chief House Sponsor Rep. Frank J. Mautino
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- **2015-04-14** First Reading `reading-1`
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- **2015-04-14** Referred to Rules Committee `referral-committee`
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- **2015-04-15** Added Alternate Chief Co-Sponsor Rep. John Bradley
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- **2015-04-27** Assigned to Insurance Committee `referral-committee`
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- **2015-04-27** Added Alternate Chief Co-Sponsor Rep. Robert Rita
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- **2015-05-08** Committee Deadline Extended-Rule 9(b) May 15, 2015
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- **2015-05-12** Do Pass / Short Debate Insurance Committee; 015-000-000 `committee-passage`
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- **2015-05-13** Placed on Calendar 2nd Reading - Short Debate
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- **2015-05-19** Added Alternate Co-Sponsor Rep. David B. Reis
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- **2015-05-19** Second Reading - Short Debate `reading-2`
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- **2015-05-19** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2015-05-20** Third Reading - Short Debate - Passed 114-000-000 `reading-3, passage`
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- **2015-05-20** Passed Both Houses
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- **2015-06-18** Sent to the Governor `executive-receipt`
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- **2015-07-28** Governor Approved `executive-signature`
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- **2015-07-28** Effective Date January 1, 2016
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- **2015-07-28** Public Act . . . . . . . . . 99-0162 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/bb54b870-c76d-4345-be53-0e3670a600af`. Confidence: reported (aggregated from official Illinois legislature records).
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