Illinois General Assembly - Bill Status for HB 1555

Amends the Illinois Insurance Code. In the Article concerning Public Insurance Adjusters, changes the definition of "Public Insurance Adjuster". Provides that no person may solicit or hold himself out to be in the business of adjusting insurance claims. Deletes provisions regarding the issuance of a Public Insurance Adjuster license. Provides that each Public Insurance Adjuster license shall contain the business address of the Public Insurance Adjuster and that the holder of license shall notify the Director of Insurance, in writing, of a change of business address within 30 days of the change. Provides that no person may engage in the business of adjusting insurance claims unless such person is licensed pursuant to the Article and registered with the Director. Provides that a Public Insurance Adjuster shall provide the insured with a document setting forth the scope, amount, and value of the damages prior to requesting the insured for authority to settling any loss. Provides that a Public Insurance Adjuster may not refer the insured to a contractor to perform fire restoration or repairs other than construction caused by the loss giving rise to the claim for which the Public Insurance Adjuster was retained. Provides that in all cases where the loss giving rise to the claim for which the Public Adjuster was retained arise from damage to a personal residence, the insurance proceeds shall be delivered to the named insured. Provides that neither a Public Insurance Adjuster nor any of his or her representatives must physically appear at the damaged premises during the first 3 business days following the loss-producing occurrence or the departure of the fire department or its representatives from the damaged premises, whichever is later. Provides certain limitations on the business ownership interests of Public Insurance Adjusters. Makes other changes.

Replaces everything after the enacting clause. Amends the Illinois Insurance Code. In the Article concerning Public Insurance Adjusters, changes the definition of "Public Insurance Adjuster". Provides that no person may solicit or hold himself out to be in the business of adjusting insurance claims unless licensed or registered. Provides that each Public Insurance Adjuster license shall contain the business address of the Public Insurance Adjuster and that the holder of license shall notify the Director of Insurance, in writing, of a change of business address within 30 days of the change. Provides that no person shall engage in the business of adjusting insurance claims unless person is licensed pursuant to the Article and registered with the Director. Provides that registered firm may only be comprised of licensed Public Insurance Adjusters. Provides that a Public Insurance Adjuster shall not agree to any loss settlement without the insured's knowledge and consent and shall provide the insured with a document setting forth the scope, amount, and value of the damages prior to requesting the insured for authority to settling any loss. Provides that in all cases where the loss giving rise to the claim for which the Public Insurance Adjuster was retained arise from damage to a personal residence, the insurance proceeds shall be delivered in person to the named insured or his or her designee. Provides that a Public Insurance Adjuster shall not advance money or any valuable consideration to an insured pending adjustment of a claim or provide legal advice or representation to the insure, or engage in the unauthorized practice of law. Provides that a Public Insurance Adjuster shall disclose to the insured if he or she has any interest or will be compensated by certain business that perform any work in conjunction with the damages caused by the insured loss. Makes other changes.

Date	Chamber	Action
8/16/2007	House	Public Act . . . . . . . . . 95-0213

Date	Chamber	Action
2/22/2007	House	Filed with the Clerk by Rep. Edward J. Acevedo
2/22/2007	House	First Reading
2/22/2007	House	Referred to Rules Committee
2/27/2007	House	Assigned to Consumer Protection Committee
3/20/2007	House	House Amendment No. 1 Filed with Clerk by Consumer Protection Committee
3/20/2007	House	House Amendment No. 1 Adopted in Consumer Protection Committee; by Voice Vote
3/20/2007	House	Do Pass as Amended / Short Debate Consumer Protection Committee; 010-000-000
3/21/2007	House	Placed on Calendar 2nd Reading - Short Debate
3/27/2007	House	Second Reading - Short Debate
3/27/2007	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/28/2007	House	House Amendment No. 1 Fiscal Note Filed as Amended
3/29/2007	House	Third Reading - Short Debate - Passed 114-000-000
3/29/2007	House	Added Chief Co-Sponsor Rep. Monique D. Davis
3/29/2007	House	Added Chief Co-Sponsor Rep. LaShawn K. Ford
3/29/2007	House	Added Chief Co-Sponsor Rep. Cynthia Soto
3/29/2007	House	Added Chief Co-Sponsor Rep. Elizabeth Hernandez
3/29/2007	Senate	Arrive in Senate
3/29/2007	Senate	Placed on Calendar Order of First Reading March 30, 2007
4/20/2007	Senate	Chief Senate Sponsor Sen. Kwame Raoul
4/24/2007	Senate	First Reading
4/24/2007	Senate	Referred to Rules
5/2/2007	Senate	Assigned to Licensed Activities
5/10/2007	Senate	Do Pass Licensed Activities; 007-000-000
5/10/2007	Senate	Placed on Calendar Order of 2nd Reading May 15, 2007
5/16/2007	Senate	Second Reading
5/16/2007	Senate	Placed on Calendar Order of 3rd Reading May 17, 2007
5/22/2007	Senate	Third Reading - Passed; 057-000-000
5/22/2007	House	Passed Both Houses
6/20/2007	House	Sent to the Governor
8/16/2007	House	Governor Approved
8/16/2007	House	Effective Date January 1, 2008
8/16/2007	House	Public Act . . . . . . . . . 95-0213

	Deletes reference to:
	215 ILCS 5/512.54	from Ch. 73, par. 1065.59-54

	Fiscal Note, House Amendment No. 1 (Financial & Professional Regulation)
	HB 1555 has no projected fiscal impact to the Illinois Department of Financial and Professional Regulation