INS CD-DOMESTIC SOCIETIES Senate SponsorsSen. William R. Haine House Sponsors(Rep. JoAnn D. Osmond-Darlene J. Senger, Robert F. Martwick and Monique D. Davis) 8/1/2014SenatePublic Act . . . . . . . . . 98-0814 215 ILCS 106/5Amends the Children's Health Insurance Program Act. Makes a technical change in a Section concerning the legislative intent of the Act.Senate Floor Amendment No. 1 Deletes reference to:215 ILCS 106/5Adds reference to:215 ILCS 5/286.1from Ch. 73, par. 898.1215 ILCS 5/291.1from Ch. 73, par. 903.1215 ILCS 5/294.1from Ch. 73, par. 906.1215 ILCS 5/295.2 new215 ILCS 5/297.1from Ch. 73, par. 909.1215 ILCS 5/300.1from Ch. 73, par. 912.1215 ILCS 5/315.6from Ch. 73, par. 927.6215 ILCS 5/315.9 newReplaces everything after the enacting clause. Amends the Illinois Insurance Code. Provides that a domestic society that provides certain benefits must be governed by a board of directors and managed by qualified officers subject to certain requirements. Provides that no society shall incur any liability other than for the return of an advance premium nor issue any certificate nor pay, allow, or offer or promise to pay or allow any benefit to any person until, in the case of a domestic society that is organized after the effective date of the amendatory Act, the society (1) maintains a minimum surplus of $2,000,000, or such higher amount as the Director of Insurance may deem necessary and (2) meets any other requirements as determined by the Director. Sets forth a provision concerning the maintenance of solvency. Requires domestic societies to provide an applicant for contractual benefits a disclosure statement. Sets forth a provision concerning the voluntary dissolution of a domestic society. Makes other changes.Senate Floor Amendment No. 2 Provides that a society may fully repay, credit, or forgive an assessment from the date of death of any life insured under a certificate so long as the plan to forgive or repay the assessment is certified by an independent actuary and filed with the Director to make reasonable and adequate provision for the forgiveness or repayment of the assessment to all assessed society members as a result of the death. 1/24/2013SenateFiled with Secretary by Sen. John J. Cullerton 1/24/2013SenateFirst Reading 1/24/2013SenateReferred to Assignments 3/13/2013SenateAssigned to Executive 3/20/2013SenateDo Pass Executive; 010-000-000 3/20/2013SenatePlaced on Calendar Order of 2nd Reading March 21, 2013 4/12/2013SenateSecond Reading 4/12/2013SenatePlaced on Calendar Order of 3rd Reading April 16, 2013 4/16/2013SenateRe-referred to Assignments 4/3/2014SenateChief Sponsor Changed to Sen. William R. Haine 4/3/2014SenateApproved for Consideration Assignments 4/3/2014SenatePlaced on Calendar Order of 3rd Reading April 7, 2014 4/4/2014SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. William R. Haine 4/4/2014SenateSenate Floor Amendment No. 1 Referred to Assignments 4/7/2014SenateSenate Floor Amendment No. 1 Assignments Refers to Insurance 4/8/2014SenateSenate Floor Amendment No. 1 Recommend Do Adopt Insurance; 010-000-000 4/8/2014SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. William R. Haine 4/8/2014SenateSenate Floor Amendment No. 2 Referred to Assignments 4/9/2014SenateSenate Floor Amendment No. 2 Be Approved for Consideration Assignments 4/10/2014SenateRecalled to Second Reading 4/10/2014SenateSenate Floor Amendment No. 1 Adopted; Haine 4/10/2014SenateSenate Floor Amendment No. 2 Adopted; Haine 4/10/2014SenatePlaced on Calendar Order of 3rd Reading 4/10/2014SenateThird Reading - Passed; 056-000-000 4/11/2014HouseArrived in House 4/11/2014HouseChief House Sponsor Rep. JoAnn D. Osmond 4/15/2014HouseAdded Alternate Chief Co-Sponsor Rep. Darlene J. Senger 4/16/2014HouseFirst Reading 4/16/2014HouseReferred to Rules Committee 4/28/2014HouseAssigned to Insurance Committee 5/6/2014HouseDo Pass / Short Debate Insurance Committee; 023-000-000 5/7/2014HousePlaced on Calendar 2nd Reading - Short Debate 5/8/2014HouseAdded Alternate Co-Sponsor Rep. Robert F. Martwick 5/9/2014HouseAdded Alternate Co-Sponsor Rep. Monique D. Davis 5/21/2014HouseSecond Reading - Short Debate 5/21/2014HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/22/2014HouseThird Reading - Short Debate - Passed 116-000-000 5/22/2014SenatePassed Both Houses 6/20/2014SenateSent to the Governor 8/1/2014SenateGovernor Approved 8/1/2014SenateEffective Date January 1, 2015 8/1/2014SenatePublic Act . . . . . . . . . 98-0814