INS CD-ACTUAL CASH VALUE House SponsorsRep. Thomas Holbrook 1/11/2011HouseSession Sine Die 215 ILCS 5/397.07 new Amends the Illinois Insurance Code. Provides that no company authorized to transact the kinds of business related to Class 2 (casualty, fidelity, and surety) or Class 3 (fire and marine) insurance may issue an insurance contract or policy that contains a provision that allows a property claim and settlement offer to be calculated using a method other than actual cash value. Defines "actual cash value" as replacement cost less depreciation, considering the age and condition of the property. 2/19/2009HouseFiled with the Clerk by Rep. Thomas Holbrook 2/20/2009HouseFirst Reading 2/20/2009HouseReferred to Rules Committee 2/25/2009HouseAssigned to Insurance Committee 3/13/2009HouseRule 19(a) / Re-referred to Rules Committee 1/11/2011HouseSession Sine Die