HB 512

  • Illinois House Bill
  • 96th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Ins Cd - Fiduciary Duty

Abstract

Amends the Illinois Insurance Code. In the provisions concerning definitions and interchangeable terms, provides that trustees of a group workers' compensation pool owe the same fiduciary duty to the pool and its members and be held to the same duty of care in the management and administration of the pool as directors of a stock corporation. In the provisions concerning pool administration, sets forth additional disclosure requirements for administrators. Provides that service companies for group workers' compensation pools are subject to supervision and examination in the same manner as the administrators for group workers compensation insurance pools.

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Jan 11, 2011

House

Session Sine Die

Mar 13, 2009

House

Rule 19(a) / Re-referred to Rules Committee

Feb 11, 2009

House

Assigned to Insurance Committee

Feb 04, 2009

House

Filed with the Clerk by Rep. Roger L. Eddy

House

First Reading

House

Referred to Rules Committee

Bill Text

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