SB 2513

  • Illinois Senate Bill
  • 99th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Ins Cd-Conversion To Stock Co

Abstract

Amends the Illinois Insurance Code. Replaces provisions relating to conversion of a mutual property and casualty insurance company to a stock insurance company. Includes provisions governing: the adoption of a plan of conversion; requirements, options, and alternatives of a plan of conversion; rights of members whose policies precede the conversion; conflicts of interest; rules; notice requirements; and limitation on actions. Effective January 1, 2017.

Bill Sponsors (1)

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Jan 10, 2017

Senate

Session Sine Die

Apr 08, 2016

Senate

Rule 3-9(a) / Re-referred to Assignments

Feb 17, 2016

Senate

Assigned to Insurance

Feb 09, 2016

Senate

Filed with Secretary by Sen. William R. Haine

Senate

First Reading

Senate

Referred to Assignments

Bill Text

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