Bill Status of HB 5450   102nd General Assembly

Short Description:  INS-FLOOD INSURANCE TRAINING

House Sponsors
Rep. Michael Halpin-Kelly M. Cassidy

Last Action  View All Actions

DateChamber Action
  1/10/2023HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
215 ILCS 5/500-35
215 ILCS 5/1565
225 ILCS 454/5-70

Synopsis As Introduced
Creates the Improving Access to Flood Insurance Act. Provides that each insurance producer, public adjuster, managing broker, broker, and employee of a lender shall participate in at least 3 hours of National Flood Insurance Program training. Provides that the insurance producer, public adjuster, managing broker, broker, or lender shall submit evidence of satisfaction of the requirement to the entity that regulates that profession. Requires the Department of Insurance to: provide a list of pre-approved courses available through the Federal Emergency Management Agency's Emergency Management Institute and other educational institutions the Department determines provide information and training equivalent to the Federal Emergency Management Agency's Emergency Management Institute; and to provide instructions for an insurance producer, public adjuster, managing broker, broker, lender, or employee of a lender to apply and secure credit for course work that meets equivalent educational goals but that is not included on the pre-approved list. Provides that a violation of the Act shall be considered a violation of any other law under which the insurance producer, public adjuster, managing broker, broker, or lender is licensed, chartered, or organized. Makes conforming changes in the Illinois Insurance Code and the Real Estate License Act of 2000.

Actions 
DateChamber Action
  1/28/2022HouseFiled with the Clerk by Rep. Kelly M. Cassidy
  1/28/2022HouseChief Sponsor Changed to Rep. Michael Halpin
  1/31/2022HouseAdded Co-Sponsor Rep. Michael Halpin
  1/31/2022HouseFirst Reading
  1/31/2022HouseReferred to Rules Committee
  1/31/2022HouseRemoved Co-Sponsor Rep. Michael Halpin
  2/9/2022HouseAssigned to Insurance Committee
  2/10/2022HouseAdded Chief Co-Sponsor Rep. Kelly M. Cassidy
  2/17/2022HouseTo Insurance Review Subcommittee
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2023HouseSession Sine Die

Back To Top