Amends the Insurance Producers, Limited Insurance Representatives, and Registered Firms Article of the Illinois Insurance Code. Provides that the annual registration fee for an education provider that is not based in the State of Illinois is $2,000. Makes a conforming change.
Amends the Residential Mortgage License Act of 1987. Makes a technical change in the Section concerning the short title of the Act.
Amends the Illinois Community Reinvestment Act. Makes technical changes in a Section concerning the short title.
Amends the Illinois Highway Code. Makes a technical change in a Section concerning the short title.
Amends the Illinois Insurance Code. Requires insurance policies to be written in language easily readable and understandable by a person of average intelligence and education. Provides the factors the Director of Insurance shall consider in making the determination that the policy is easily readable and understandable by a person of average intelligence and education.
Amends the Illinois Identification Card Act. Provides that an application for an identification card must include the applicant's county of residence. Amends the Illinois Vehicle Code. Requires an application for a driver's permit or license to include the applicant's county of residence. Requires the Secretary of State to include an applicant's county of residence on a driver's license issued, renewed, or corrected beginning on January 1, 2025. Provides that a person who moved from a residence address listed on the person's application must notify the Driver Services Department in writing of the person's old and new residence addresses, including the county of the new residence.
Amends the Medical Assistance Article of the Illinois Public Aid Code. Provides that beginning on January 1, 2025, rates for psychiatric evaluations performed by community mental health centers and substance use disorder treatment providers and practitioners as set forth on the Department of Healthcare and Family Services' Practitioner Fee Schedule shall be increased to $237.57. Provides that beginning on January 1, 2025, rates for medication monitoring performed by community mental health centers and substance use disorder treatment providers and practitioners as set forth on the Department's Practitioner Fee Schedule shall be increased to $140.77 per quarter hour. Provides that no existing or future reimbursement rates or add-ons shall be reduced or changed to address these rate increases. Provides that no later than October 1, 2024, the Department shall submit any necessary application to the federal Centers for Medicare and Medicaid Services for a waiver or State Plan amendment to implement the requirements of the amendatory Act. Provides that beginning in State Fiscal Year 2025, and every State fiscal year thereafter, reimbursement rates for those community-based mental health and substance use disorder services shall be adjusted upward by an amount equal to the Consumer Price Index-U from the previous year, not to exceed 5% in any State fiscal year. Effective immediately.
Amends the Illinois Power Agency Act. Provides that in competitive procurements conducted by the Agency for utility-scale energy storage resources from owners of existing or retired fossil-fueled power plants, the Agency, in ranking the bids, shall apply a downward bid price adjustment to any project bid that is located or proposed to be located within a one mile radius of an existing substation that serves or has served as a point of interconnection for a fossil-fueled power plant and that meets one of 3 specific criteria. Provides that if the project meets 2 or more of the criteria, the Agency shall apply the bid price adjustment 2 times. Provides that the Agency shall develop a storage procurement plan that results in the electric utilities contracting for energy storage resources. Provides that, within 90 days after the effective date of the amendatory Act, the Agency shall develop an energy storage procurement plan. Provides that an owner of the energy storage resources must have entered into a project labor agreement for the construction of the energy storage resource and certify that not less than the prevailing wage was or will be paid to employees who are engaged in construction activities. Provides that, if the owner or owners of the energy storage resources own existing or retired fossil-fueled power plants, the owner shall commit to a job training and education program to provide the requisite skills, knowledge, and training required to operate and maintain energy storage resources and create employment opportunities for graduates of the program. Provides that the Agency shall conduct an analysis every 2 years to determine whether the contracted quantity of energy storage in energy storage capacity and energy storage duration is sufficient. Provides that the Agency shall retain an independent consultant to conduct the analysis. Sets forth requirements of the independent consultant and the analysis. Provides that the Agency is authorized to collect costs for conducting the analysis from electric utilities. The electric utilities are authorized to recover the cost of the analysis. Provides that if the Agency determines that the need for energy storage capacity or energy storage duration is greater than the energy storage resources already procured, the Agency shall establish and the Commission shall approve new energy storage resources targets to meet the identified need. Effective immediately.
Amends the Illinois Credit Union Act. Provides that a credit union regulated by the Department of Financial and Professional Regulation that is a covered financial institution under the Illinois Community Reinvestment Act shall pay an examination fee to the Department subject to the rules adopted by the Department. Provides that the aggregate of all credit union examination fees collected by the Department under the Illinois Community Reinvestment Act shall be paid and transferred promptly, accompanied by a detailed statement, into the State Treasury and shall be set apart in the Credit Union Community Reinvestment Act Fund. Provides the limits to the amounts of funds that a credit union may invest in the purchase of an investment interest in a pool of loans when the investment is greater than the net worth of the credit union. Provides that credit unions may invest funds in derivatives transactions to aid in the credit union's management of interest rate risk if certain specified conditions are satisfied. Makes changes to provisions concerning conflicts between bylaws adopted by the subscribers of a credit union and the Act. Makes changes to provisions concerning rules adopted by the Secretary of Financial and Professional Regulation and the Act. Makes other changes. Amends the State Finance Act. Creates the Credit Union Community Reinvestment Act Fund. Effective immediately.
Amends the Illinois Insurance Code. Provides that an insurer shall not, with regard to any motor vehicle liability insurance practice, (i) unfairly discriminate based on age, race, color, national or ethnic origin, immigration or citizenship status, sex, sexual orientation, disability, gender identity, or gender expression or (ii) use any external consumer data and information sources in a way that unfairly discriminates based on age, race, color, national or ethnic origin, immigration or citizenship status, sex, sexual orientation, disability, gender identity, or gender expression. Allows the Department of Insurance to examine and investigate an insurer's use of external consumer data and information sources, algorithms, or predictive models in any motor vehicle liability insurance practice. Specifies that the provisions shall not be construed to require an insurer to collect consumer's demographic data, to prohibit the use of a driver's history that has a direct relationship with risk, or to prohibit the use of or require testing of longstanding and well-established common industry practices in settling claims or traditional underwriting practices. Prohibits an insurer from canceling, refusing to renew, or increasing the premium for any policy of automobile insurance solely because an insured person has reached the age of 65 years if the insured has a valid Illinois driver's license. Defines terms.
