GIGLIO-JOHNSON,TOM. 215 ILCS 5/154.9 new Amends the Illinois Insurance Code. Provides that before an insurance company settles a claim for an amount in excess of $10,000 pursuant to a liability insurance policy or workers compensation insurance policy, it must give the insured notice of the settlement and an opportunity to comment upon the settlement. Effective immediately. HOUSE AMENDMENT NO. 1. Removes requirement that an insured be given an opportunity to comment on and respond to a proposed settlement. Requires only that notice of the settlement be given. HOUSE AMENDMENT NO. 3. Requires notice of a settlement to be given to the insured within 30 days after the claim is settled rather than before the claim is settled. Provides that repeated failure to provide the information constitutes an unfair trade practice. STATE MANDATES NOTE, H-AM 1, 3 (Department of Commerce and Community Affairs) HB 3106 (H-am 1 and 3) does not create a State mandate. HOME RULE NOTE, H-AM 1, 3 (Department of Commerce and Community Affairs) HB-3106 (H-am 1 and 3) does note relate to home rule powers and functions, and therefore does not pre-empt home rule authority. FISCAL NOTE, H-AM 1,3 (Dept. of Insurance) HB 3106, with H-am 1 and 3, will have minimal fiscal impact on the Department. 00-01-12 H FIRST READING 00-01-12 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-01-19 H ASSIGNED TO COMMITTEE INSURANCE 00-02-08 H AMENDMENT NO. 01-INSURANCE H 00-02-08 H ADOPTED 00-02-08 H AMENDMENT NO. 02-INSURANCE H 00-02-08 H LOST 004-005-000 00-02-08 H REMAINS IN COMMITTEE INSURANCE 00-02-15 H AMENDMENT NO. 03-INSURANCE H 00-02-15 H ADOPTED 015-000-000 00-02-15 H DO PASS AMENDED/SHORT DEBATE 009-006-000 HINS 00-02-15 H PLACED CALENDAR 2ND READING-SHORT DEBATE 00-02-16 H FISCAL NOTE REQUESTED AS AMENDED BY HA #1 & 3/BLACK 00-02-16 H STATE MNDT FISCAL NOTE RQSTD AS AMENDED BY HA #1 & 3/BLACK 00-02-16 H HOME RULE NOTE REQUESTED AS AMENDED BY HA #1 & 3/BLACK 00-02-16 H CALENDAR ORDER 2ND READING-SHORT DEBATE 00-02-17 H FISCAL NOTE REQUEST-WITHDRAWN BLACK 00-02-17 H STATE MANDATES FISCAL NOTE REQST-WITHDRN BLACK 00-02-17 H HOME RULE NOTE REQUEST-WITHDRAWN BLACK 00-02-17 H CALENDAR ORDER 2ND READING-SHORT DEBATE 00-02-22 H SECOND READING-SHORT DEBATE 00-02-22 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 00-02-23 H STATE MNDT FISCAL NOTE FILED AS AMENDED BY HOUSE AMEND 1&3 00-02-23 H HOME RULE NOTE FILED AS AMENDED BY HOUSE AMEND 1&3 00-02-23 H CALENDAR ORDER 3RD READING-SHORT DEBATE 00-02-23 H ADDED AS A JOINT SPONSOR JOHNSON,TOM 00-02-24 H FISCAL NOTE FILED AS AMENDED BY HOUSE AMEND 1&3 00-02-24 H CALENDAR ORDER 3RD READING-SHORT DEBATE 00-02-29 H THIRD READING/SHORT DEBATE/PASSED 087-028-000 00-03-01 S ARRIVE IN SENATE 00-03-01 S PLACED CALENDAR ORDER OF FIRST READING 00-03-07 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary