Date	Chamber	Action
1/9/2019	Senate	Session Sine Die

Statutes Amended In Order of Appearance

215 ILCS 5/1403

Synopsis As Introduced
Amends the Illinois Insurance Code. In a provision concerning licensure requirements for financial institutions, provides that nothing in a provision concerning limited lines producer licenses in the Code shall be construed to require a limited lines producer license or any other form or class of producer's license for financial institutions, or their employees, if the financial institution has purchased or sponsored a group or individual credit life, credit accident and health, credit casualty, credit property, or other credit insurance policy or program under which the financial institution enrolls or performs other administrative services to enable individuals to purchase insurance coverage under the group or individual credit insurance policy from a licensed producer in compliance with provisions concerning license exceptions and credit life and credit accident and health insurance policies under the Code. Effective immediately.

Senate Committee Amendment No. 1
In provisions exempting financial institutions from being licensed as limited lines producers when purchasing or sponsoring certain credit insurance policies or programs, changes the type of policies or programs that exempt the financial institution to group credit life, credit accident and health, credit casualty, credit property, or other group credit insurance policies or programs under which the financial institution enrolls or performs other administrative services, or both. Provides that a financial institution that performs enrollment or other administrative services, or both, with respect to its group credit insurance policies or programs are exempt from being licensed as insurance producers.

Actions 

Date	Chamber	Action
1/30/2017	Senate	Filed with Secretary by Sen. John G. Mulroe
1/30/2017	Senate	First Reading
1/30/2017	Senate	Referred to Assignments
2/1/2017	Senate	Assigned to Insurance
2/14/2017	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe
2/14/2017	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2/28/2017	Senate	Senate Committee Amendment No. 1 Assignments Refers to Insurance
3/1/2017	Senate	Senate Committee Amendment No. 1 Adopted
3/1/2017	Senate	Do Pass as Amended Insurance; 015-000-000
3/1/2017	Senate	Placed on Calendar Order of 2nd Reading March 2, 2017
3/14/2017	Senate	Second Reading
3/14/2017	Senate	Placed on Calendar Order of 3rd Reading March 15, 2017
8/4/2017	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
1/9/2019	Senate	Session Sine Die

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