Bill Status of HB 4429   103rd General Assembly


Short Description:  INS-FLOOD INSURANCE TRAINING

House Sponsors
Rep. Thaddeus Jones

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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. Effective immediately.

Actions 
DateChamber Action
  1/11/2024HouseFiled with the Clerk by Rep. Thaddeus Jones
  1/16/2024HouseFirst Reading
  1/16/2024HouseReferred to Rules Committee
  2/28/2024HouseAssigned to Insurance Committee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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