Date	Chamber	Action
12/15/2017	Senate	Public Act . . . . . . . . . 100-0570

Statutes Amended In Order of Appearance

215 ILCS 155/6

from Ch. 73, par. 1406

215 ILCS 155/8

from Ch. 73, par. 1408

Synopsis As Introduced
Amends the Title Insurance Act. In provisions concerning reinsurance, provides that a title insurance company may obtain reinsurance for all or any part of its liability under one or more of its title insurance policies from an assuming insurer with a financial strength rating of A- or better from A.M. Best Company, Inc., or with an alternative rating the Department of Insurance may approve that the Department determines is an equivalent rating by another recognized rating organization. In provisions concerning retained liability, provides that the net retained liability of a title insurance company for a single risk on property located in the State, whether assumed directly or as reinsurance, may not exceed the total surplus (rather than 50% of the total surplus) to policyholders as shown in the most recent annual statement of the title insurance company on file with the Department. Provides that each title insurance company shall file annually with the Department a notice describing its professional reinsurance business, if any, and describing how risks are placed through reinsurance outside of the title insurance industry.

Senate Committee Amendment No. 1
Removes language requiring each title insurance company to file annually with the Department of Insurance a note describing its professional reinsurance business and how risks are placed through reinsurance outside of the title insurance industry.

Senate Floor Amendment No. 2

	Adds reference to:
	215 ILCS 155/13	from Ch. 73, par. 1413

Further amends the Title Insurance Act. Provides that a title insurance company shall provide the Department of Financial and Professional Regulation a summary describing its professional reinsurance placed outside of the title insurance industry.

Actions 

Date	Chamber	Action
2/9/2017	Senate	Filed with Secretary by Sen. William R. Haine
2/9/2017	Senate	First Reading
2/9/2017	Senate	Referred to Assignments
2/28/2017	Senate	Assigned to Judiciary
2/28/2017	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
2/28/2017	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/7/2017	Senate	Senate Committee Amendment No. 1 Assignments Refers to Judiciary
3/7/2017	Senate	Senate Committee Amendment No. 1 Adopted
3/8/2017	Senate	Do Pass as Amended Judiciary; 011-000-000
3/8/2017	Senate	Placed on Calendar Order of 2nd Reading March 9, 2017
3/27/2017	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. William R. Haine
3/27/2017	Senate	Senate Floor Amendment No. 2 Referred to Assignments
4/4/2017	Senate	Senate Floor Amendment No. 2 Assignments Refers to Judiciary
4/6/2017	Senate	Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 008-000-000
4/28/2017	Senate	Rule 2-10 Third Reading Deadline Established As May 31, 2017
5/3/2017	Senate	Added as Chief Co-Sponsor Sen. John G. Mulroe
5/4/2017	Senate	Second Reading
5/4/2017	Senate	Senate Floor Amendment No. 2 Adopted; Haine
5/4/2017	Senate	Placed on Calendar Order of 3rd Reading May 5, 2017
5/5/2017	Senate	Third Reading - Passed; 049-000-001
5/8/2017	House	Arrived in House
5/8/2017	House	Chief House Sponsor Rep. Michael J. Zalewski
5/9/2017	House	First Reading
5/9/2017	House	Referred to Rules Committee
5/15/2017	House	Assigned to Executive Committee
5/19/2017	House	Committee Deadline Extended-Rule 9(b) May 26, 2017
5/26/2017	House	Final Action Deadline Extended-9(b) May 31, 2017
5/29/2017	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
5/29/2017	House	House Committee Amendment No. 1 Referred to Rules Committee
5/30/2017	House	House Committee Amendment No. 1 Rules Refers to Executive Committee
5/30/2017	House	House Committee Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski
5/30/2017	House	House Committee Amendment No. 2 Referred to Rules Committee
5/30/2017	House	House Committee Amendment No. 2 Rules Refers to Executive Committee
5/31/2017	House	Rule 19(a) / Re-referred to Rules Committee
5/31/2017	House	House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
5/31/2017	House	House Committee Amendment No. 2 Rule 19(a) / Re-referred to Rules Committee
10/17/2017	House	Assigned to Executive Committee
10/17/2017	House	To Gaming Subcommittee
10/23/2017	House	Alternate Chief Sponsor Changed to Rep. Robert Martwick
10/25/2017	House	House Committee Amendment No. 1 Motion Filed to Table Rep. Michael J. Zalewski
10/25/2017	House	House Committee Amendment No. 2 Motion Filed to Table Rep. Michael J. Zalewski
10/25/2017	House	House Committee Amendment No. 1 Motion to Table Referred to Rules Committee
10/25/2017	House	House Committee Amendment No. 2 Motion to Table Referred to Rules Committee
10/26/2017	House	Recommends Do Pass Subcommittee/ Executive Committee; 003-000-000
10/26/2017	House	Reported Back To Executive Committee;
10/26/2017	House	Do Pass / Short Debate Executive Committee; 011-000-000
10/26/2017	House	Placed on Calendar 2nd Reading - Short Debate
10/26/2017	House	House Committee Amendment No. 1 Tabled Pursuant to Rule 40
10/26/2017	House	House Committee Amendment No. 2 Tabled Pursuant to Rule 40
10/26/2017	House	House Committee Amendment No. 1 Motion to Table Amendment - Tabled
10/26/2017	House	House Committee Amendment No. 2 Motion to Table Amendment - Tabled
10/26/2017	House	Final Action Deadline Extended-9(b) November 10, 2017
10/26/2017	House	Second Reading - Short Debate
10/26/2017	House	Placed on Calendar Order of 3rd Reading - Short Debate
11/8/2017	House	Third Reading - Short Debate - Passed 104-000-002
11/8/2017	Senate	Passed Both Houses
12/7/2017	Senate	Sent to the Governor
12/15/2017	Senate	Governor Approved
12/15/2017	Senate	Effective Date June 1, 2018
12/15/2017	Senate	Public Act . . . . . . . . . 100-0570

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