INS CD-INS EXEC SALARY CAP
Summary
Amends the Illinois Insurance Code. Provides that no executive of any company authorized to transact insurance business may receive a yearly salary of more than $500,000. Provides that the Director of Insurance shall revoke the license or certificate of authority of any entity that violates the provision concerning executive salary caps. Provides that the Director shall implement any rules necessary to enforce the provision concerning executive salary caps.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2010
Committee Review
Floor Vote
Governor
Introduced Feb 10, 2010
Last action Jan 12, 2011
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Jan 12, 2011
Senate · Failed
Session Sine Die
Mar 8, 2010
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Mar 3, 2010
Senate · Reported by committee
To Consumer Protection Subcommittee on Special Issues
Feb 24, 2010
Senate · Referred to committee
Assigned to Consumer Protection
Feb 10, 2010
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Michael Noland
DDemocratic
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