92nd General Assembly
Status of SB0865
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   215 ILCS 5/107.06a        from Ch. 73, par. 719.06a                         
   215 ILCS 5/107.07         from Ch. 73, par. 719.07                          
   215 ILCS 5/107.15         from Ch. 73, par. 719.15                          
   215 ILCS 5/179A-5                                                           
   215 ILCS 5/179A-10                                                          
   215 ILCS 5/179A-15                                                          
   215 ILCS 5/179A-20                                                          
   215 ILCS 5/179A-25                                                          
   215 ILCS 5/179A-30                                                          
   215 ILCS 5/179A-35                                                          

        Amends the Illinois Insurance Code.  Authorizes the establishment      
   of  special  purpose  limited  syndicates  to   participate   in   the      
   securitization  of reinsurance risks.  Provides for the utilization of      
   non-indemnity triggers with respect  to  insurance  securitization  by      
   protected  cell  companies.   Provides  that a non-indemnity triggered      
   insurance securitization must comply with  the  rules  issued  by  the      
   Director of Insurance.  Requires insurance securitizations to be fully      
   funded.    Prohibits  a  protected  cell  from  issuing  insurance  or      
   reinsurance  contracts  directly  to  policyholders   or   reinsureds.      
   Effective immediately.                                                      
   FEB-21-2001  S  FIRST READING                                                  
   FEB-21-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAR-06-2001  S       DO PASS                             010-000-000   SINS    
   MAR-06-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-03-07              
   MAR-08-2001  S  SECOND READING                                                 
   MAR-08-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-03-20              
   MAR-20-2001  S  THIRD READING - PASSED                   056-000-000           
   MAR-20-2001  H  ARRIVE IN HOUSE                                                
   MAR-20-2001  H  PLACED CALENDAR ORDER OF FIRST READING                         
   MAR-23-2001  H  HOUSE SPONSOR                            BRADY                 
   MAR-23-2001  H  FIRST READING                                                  
   MAR-23-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   APR-03-2001  H       ASSIGNED TO COMMITTEE               INSURANCE             
   APR-18-2001  H  DO PASS/SHORT DEBATE                     008-000-000   HINS    
   APR-18-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   APR-18-2001  H  SECOND READING-SHORT DEBATE                                    
   APR-18-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   APR-19-2001  H  THIRD READING/SHORT DEBATE/PASSED        113-000-000           
   APR-19-2001  S  PASSED BOTH HOUSES                                             
   MAY-23-2001  S  SENT TO THE GOVERNOR                                           
   JUL-12-2001  S  GOVERNOR APPROVED                                              
   JUL-12-2001  S                            EFFECTIVE DATE 01-07-12              
   JUL-12-2001  S  PUBLIC ACT.............................. 92-0074               


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