INS CD-SEPARATE ACCOUNTS House SponsorsRep. Frank J. Mautino-JoAnn D. Osmond-Monique D. Davis Senate Sponsors(Sen. William R. Haine-Christine Radogno) 6/28/2013HousePublic Act . . . . . . . . . 98-0039 215 ILCS 5/245.21from Ch. 73, par. 857.21 Amends the Illinois Insurance Code in the provision concerning factors to which domestic companies are subject with regard to establishing one or more separate accounts and allocating thereto amounts to provide for life, annuity, or accident and health insurance. Provides that the assets of any separate account equal to the reserves and other contract liabilities with respect to the account may not be charged with liabilities arising out of any other business the company may conduct, unless the separate account is subject to guarantees (now, any other business the company may conduct). Effective immediately.House Committee Amendment No. 1 Provides that in a case in which a separate account is subject to guarantees, the assets shall be charged with liabilities arising out of other business of the company, unless the contract specifies that the assets are insulated. 1/28/2013HouseFiled with the Clerk by Rep. Frank J. Mautino 1/29/2013HouseFirst Reading 1/29/2013HouseReferred to Rules Committee 2/13/2013HouseAssigned to Insurance Committee 2/21/2013HouseAdded Chief Co-Sponsor Rep. JoAnn D. Osmond 2/25/2013HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Frank J. Mautino 2/25/2013HouseHouse Committee Amendment No. 1 Referred to Rules Committee 2/26/2013HouseHouse Committee Amendment No. 1 Rules Refers to Insurance Committee 2/26/2013HouseAdded Chief Co-Sponsor Rep. Monique D. Davis 3/5/2013HouseHouse Committee Amendment No. 1 Adopted in Insurance Committee; by Voice Vote 3/5/2013HouseDo Pass as Amended / Short Debate Insurance Committee; 024-000-000 3/6/2013HousePlaced on Calendar 2nd Reading - Short Debate 3/12/2013HouseSecond Reading - Short Debate 3/12/2013HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/14/2013HouseThird Reading - Short Debate - Passed 117-000-000 3/15/2013SenateArrive in Senate 3/15/2013SenatePlaced on Calendar Order of First Reading March 19, 2013 3/18/2013SenateChief Senate Sponsor Sen. William R. Haine 3/19/2013SenateFirst Reading 3/19/2013SenateReferred to Assignments 4/3/2013SenateAssigned to Insurance 4/11/2013SenateDo Pass Insurance; 011-000-000 4/11/2013SenatePlaced on Calendar Order of 2nd Reading April 12, 2013 4/24/2013SenateSecond Reading 4/24/2013SenatePlaced on Calendar Order of 3rd Reading April 25, 2013 5/7/2013SenateAdded as Alternate Chief Co-Sponsor Sen. Christine Radogno 5/9/2013SenateThird Reading - Passed; 055-000-000 5/9/2013HousePassed Both Houses 6/7/2013HouseSent to the Governor 6/28/2013HouseGovernor Approved 6/28/2013HouseEffective Date June 28, 2013 6/28/2013HousePublic Act . . . . . . . . . 98-0039