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<xml>
<title>Illinois General Assembly - Bill Status for SB 2864         </title>
<shortdesc>INS CD-DOMESTIC CEDING INSURER</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Antonio Muņoz</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Greg Harris-Jim Durkin-JoAnn D. Osmond)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>215 ILCS 5/173.1</reference><aliasreference>from Ch. 73, par. 785.1</aliasreference><SynopsisText>Amends the Illinois Insurance Code in the provision concerning credit that is allowed a domestic ceding insurer. Includes additional provisions under which credit shall be allowed when the reinsurance is ceded to an assuming insurer domiciled in certain categories of states. Includes additional requirements to apply to certain categories of assuming insurers. Makes changes to the provision concerning the inception, amendment, and renewal dates of reinsurance agreements. Includes additional provisions under which credit shall be allowed when the reinsurance is ceded to an assuming insurer certified in the State. Sets forth provisions concerning the suspension and revocation of a reinsurer's accreditation or certification, the concentration of risk, and applicability to reinsurance agreements. Makes other changes.</SynopsisText></synopsis>
<actions>
<statusdate>1/24/2012</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Antonio Muņoz</action>
<statusdate>1/24/2012</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/24/2012</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/7/2012</statusdate><chamber>Senate</chamber><action>Assigned to Insurance</action>
<statusdate>3/1/2012</statusdate><chamber>Senate</chamber><action>Postponed - Insurance</action>
<statusdate>3/8/2012</statusdate><chamber>Senate</chamber><action>Do Pass Insurance;  009-000-000</action>
<statusdate>3/8/2012</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 21, 2012</action>
<statusdate>3/27/2012</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/27/2012</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 28, 2012</action>
<statusdate>3/28/2012</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 056-000-000</action>
<statusdate>3/28/2012</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>3/28/2012</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Greg Harris</action>
<statusdate>3/28/2012</statusdate><chamber>House</chamber><action>Placed on Calendar Order of First Reading</action>
<statusdate>3/28/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>3/28/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>4/19/2012</statusdate><chamber>House</chamber><action>Added Alternate Chief Co-Sponsor Rep. Jim Durkin</action>
<statusdate>4/24/2012</statusdate><chamber>House</chamber><action>Added Alternate Chief Co-Sponsor Rep. JoAnn D. Osmond</action>
<statusdate>1/8/2013</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

