INS-VARIOUS
Summary
Amends the Illinois Insurance Code. Changes the filing due date applicable to actuarial opinions as to the sufficiency of the loss and loss adjustment expense reserves for group workers' compensation pools from June 1 to March 1 of each year. In provisions concerning the bond required of insurance producers, changes a reference from "agent contact" to "agency contract". Provides that the corporate governance annual disclosure must attest to the best of the signatory's belief and knowledge that the insurer has implemented the corporate governance practices (rather than the corporate governance practices required by the provisions concerning disclosure requirements) and that a copy of the disclosure has been provided to the insurer's board of directors or the appropriate committee thereof. Provides that an insurer must ensure that it has complied with the financial requirements and treatment limitations applicable to mental, emotional, nervous, or substance use disorder or condition benefits prior to policy issuance. Provides that pre-licensing course of study hours required to be completed in a classroom setting in order to obtain an insurance producer license may also be completed in a webinar setting. Provides that 3 hours of classroom ethics instruction required for renewal of a public adjuster license may also be completed by webinar. Defines "webinar". Repeals an Article concerning public insurance adjusters and registered firms. Effective immediately, except that provisions concerning the filing due date applicable to actuarial opinions take effect January 1, 2022.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2021
Committee Review
May 2021
House Passage
May 2021
Senate Passage
May 2021
Signed into Law
Jul 2021
Introduced Apr 21, 2021
Signed Jul 23, 2021
Floor votes · Senate May 27, 2021 · House Apr 21, 2021
How they voted
49–0
Passed · 2 other
Total votes 51
May 27, 2021
D
Democratic34
94% Yea
R
Republican17
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
29
Key actions
6
Committee
6
Jul 23, 2021
Signed into law
Governor Approved
lower
May 27, 2021
Lower · Passed
Passed Both Houses
lower
May 27, 2021
Upper · Passed
Third Reading - Passed; 057-000-000
upper
May 13, 2021
Upper · Passed
Do Pass Insurance; 011-000-000
upper
May 4, 2021
Committee
Assigned to Insurance
upper
Apr 23, 2021
Committee
Referred to Assignments
upper
Apr 21, 2021
Introduced
Arrive in Senate
upper
Apr 21, 2021
Lower · Passed
Third Reading - Consent Calendar - Passed 116-000-001
lower
Mar 15, 2021
Lower · Passed
Do Pass / Consent Calendar Insurance Committee; 019-000-000
lower
Mar 9, 2021
Committee
Assigned to Insurance Committee
lower
Feb 17, 2021
Committee
Referred to Rules Committee
lower
2 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Napoleon Harris
DDemocratic
P
Thaddeus Jones
DDemocratic
Co
Carol Ammons
DDemocratic
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