Protect Against Insurers' Impairment And InsolvencyColorado · HB 23-1303 · Last action May 15, 2023The act amends the priority of distribution of insurance claims paid from an insurer's estate in the event of the insurer's liquidation to include in the class 1 distribution priority payments that an impaired or insolvent insurer owes to the risk adjustment program that are necessary to prevent another insurer from becoming impaired or insolvent.Latest action: Governor SignedEnacted law
Amends the Illinois Insurance Code.Illinois · HB 5217 · Last action Aug 20, 2010Amends the Illinois Insurance Code. Sets forth definitions of "netting agreement" and "qualified financial contract". Sets forth the conditions under which no person shall be stayed or prohibited from exercising contractual rights concerning netting agreements and qualified financial contracts. Provides that upon termination of a netting agreement or…Latest action: Public Act . . . . . . . . . 96-1450Enacted law
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