Antonio Muñoz
- Democratic
Cosponsor
Amends the Illinois Insurance Code in the provision concerning credit allowed a domestic ceding insurer. Provides that credit shall also be allowed when reinsurance is ceded to an assuming insurer that holds surplus, or its equivalent, in excess of $250 million and the Director of Insurance determines that it is an acceptable credit risk. Provides that in determining whether credit should be allowed, the Director shall consider certain factors. Effective immediately.
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Session Sine Die
Rule 3-9(a) / Re-referred to Assignments
Postponed - Insurance
Postponed - Insurance
Chief Sponsor Changed to Sen. Antonio Muñoz
Added as Co-Sponsor Sen. John J. Millner
Sponsor Removed Sen. Antonio Muñoz
Added as Co-Sponsor Sen. Antonio Muñoz
Assigned to Insurance
Added as Co-Sponsor Sen. William R. Haine
Filed with Secretary by Sen. Mike Jacobs
Referred to Assignments
First Reading
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