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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018 SB0659 Introduced 1/25/2017, by Sen. Michael E. Hastings SYNOPSIS AS INTRODUCED: |
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215 ILCS 5/401 | from Ch. 73, par. 1013 |
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Amends the Illinois Insurance Code. Provides that the Director of Insurance shall have the power, in his or her discretion, to grant up to 4 hours of continuing education to a person licensed under the Code who documents, in a form and manner acceptable to the Department of Insurance, membership and active participation in a State or national insurance trade association. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | SB0659 | | LRB100 06278 SMS 16315 b |
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1 | | AN ACT concerning regulation.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 5. The Illinois Insurance Code is amended by |
5 | | changing Section 401 as follows:
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6 | | (215 ILCS 5/401) (from Ch. 73, par. 1013)
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7 | | Sec. 401. General powers of the director. The Director is |
8 | | charged with the rights, powers and duties appertaining
to the |
9 | | enforcement and execution of all the insurance laws of this |
10 | | State.
He shall have the power
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11 | | (a) to make reasonable rules and regulations as may be |
12 | | necessary for
making effective such laws;
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13 | | (b) to conduct such investigations as may be necessary |
14 | | to determine
whether any person has violated any provision |
15 | | of such insurance laws;
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16 | | (c) to conduct such examinations, investigations and |
17 | | hearings in
addition to those specifically provided for, as |
18 | | may be necessary and proper
for the efficient |
19 | | administration of the insurance laws of this State; and
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20 | | (d) to institute such actions or other lawful |
21 | | proceedings as he may deem
necessary for the enforcement of |
22 | | the Illinois Insurance Code or of any
Order or action made |
23 | | or taken by him under this Code. The Attorney General,
upon |