Ira I. Silverstein
- Democratic
Primary
Amends the Illinois Insurance Code. Provides that subject to the restrictions provided in the Article concerning life and health insurers, an insurer may invest in bonds, notes, warrants, and other securities not in default that are the direct obligations of the government of any foreign country that is a member of the Organisation for Economic Co-operation and Development (OECD) and for which the full faith and credit of such government has been pledged for the payment of principal and interest, provided that (i) the debt of the issuing country has been rated as investment grade for at least 10 years immediately before the time of acquiring the obligations by at least 2 of the major ratings agencies, including Moody's Investors Service, Standard & Poor's Rating Services, Fitch Rating, and the Securities Valuation Office of the National Association of Insurance Commissioners and (ii) the issuing country has not defaulted and has met its payment obligations in a timely manner on all similar obligations for a period of at least 30 years immediately before the time of acquiring the obligations.
Governor Approved
Public Act . . . . . . . . . 98-0571
Effective Date August 27, 2013
Sent to the Governor
House Committee Amendment No. 1 Senate Concurs 057-000-000
Passed Both Houses
House Committee Amendment No. 2 Senate Concurs 057-000-000
House Committee Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 015-000-000
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 015-000-000
House Committee Amendment No. 2 Motion to Concur Assignments Referred to Executive
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive
Secretary's Desk - Concurrence House Amendment(s) 1, 2
House Committee Amendment No. 2 Motion to Concur Referred to Assignments
House Committee Amendment No. 2 Motion to Concur Filed with Secretary Sen. Ira I. Silverstein
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Ira I. Silverstein
Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 28, 2013
Third Reading - Short Debate - Passed 074-036-000
Final Action Deadline Extended-9(b) May 31, 2013
Added Alternate Chief Co-Sponsor Rep. Dennis M. Reboletti
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
Placed on Calendar 2nd Reading - Short Debate
Do Pass as Amended / Short Debate Executive Committee; 011-000-000
House Committee Amendment No. 2 Adopted in Executive Committee; by Voice Vote
House Committee Amendment No. 2 Rules Refers to Executive Committee
House Committee Amendment No. 1 Rules Refers to Executive Committee
Final Action Deadline Extended-9(b) May 24, 2013
House Committee Amendment No. 2 Filed with Clerk by Rep. Sara Feigenholtz
House Committee Amendment No. 2 Referred to Rules Committee
Alternate Chief Sponsor Changed to Rep. Sara Feigenholtz
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Sara Feigenholtz
Assigned to Executive Committee
First Reading
Referred to Rules Committee
Arrived in House
Chief House Sponsor Rep. Lou Lang
Third Reading - Passed; 053-000-000
Senate Floor Amendment No. 2 Adopted; Silverstein
Placed on Calendar Order of 3rd Reading April 23, 2013
Recalled to Second Reading
Senate Floor Amendment No. 2 Recommend Do Adopt Insurance; 008-000-000
Senate Floor Amendment No. 2 Assignments Refers to Insurance
Placed on Calendar Order of 3rd Reading April 11, 2013
Second Reading
Senate Floor Amendment No. 2 Referred to Assignments
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Ira I. Silverstein
Added as Chief Co-Sponsor Sen. Michael W. Frerichs
Added as Co-Sponsor Sen. William E. Brady
Placed on Calendar Order of 2nd Reading March 21, 2013
Do Pass as Amended Insurance; 008-000-000
Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Assignments Refers to Insurance
Postponed - Insurance
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein
Assigned to Insurance
Filed with Secretary by Sen. Ira I. Silverstein
First Reading
Referred to Assignments
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 002 | |
| House Amendment 001 | |
| Senate Amendment 002 | |
| Senate Amendment 001 |
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