Date	Chamber	Action
8/23/2011	Senate	Public Act . . . . . . . . . 97-0527

Statutes Amended In Order of Appearance

215 ILCS 5/155.43 new

215 ILCS 5/424

from Ch. 73, par. 1031

Synopsis As Introduced
Amends the Illinois Insurance Code. Provides that no insurance producer shall use a senior-specific certification or professional designation that indicates or implies in such a way as to mislead a purchaser or prospective purchaser that the insurance producer has a special certification or training in advising or servicing seniors in connection with the solicitation, sale, or purchase of a life insurance or annuity product or in the provision of advice as to the value of or the advisability of purchasing or selling a life insurance or annuity product, either directly or indirectly through publications, writings, or by issuing or promulgating analyses or reports related to a life insurance or annuity product. Defines "use of senior-specific certifications or professional designations". Makes other changes. Effective immediately.

House Floor Amendment No. 2

	Adds reference to:
	215 ILCS 5/224	from Ch. 73, par. 836

Further amends the Illinois Insurance Code in the provision concerning standard provisions for life policies. Provides that the policy may require that due proof of the death of the insured shall consist of a certified copy of the death certificate of the insured, or other lawful evidence providing equivalent information, and proof of the claimant's interest in the proceeds. Provides that interest shall accrue on the proceeds payable because of the death of the insured, from date of death, at the rate of 10% annually (rather than 9%) on the total amount payable or the face amount if payments are to be made in installments until the total payment or first installment is paid, unless payment is made within 31 (rather than 15) days from the latest of certain happenings to occur (rather than the date of receipt by the company of due proof of loss).

Actions 

Date	Chamber	Action
2/9/2011	Senate	Filed with Secretary by Sen. Mike Jacobs
2/9/2011	Senate	First Reading
2/9/2011	Senate	Referred to Assignments
2/23/2011	Senate	Assigned to Insurance
3/3/2011	Senate	Do Pass Insurance; 010-000-000
3/3/2011	Senate	Placed on Calendar Order of 2nd Reading March 8, 2011
3/9/2011	Senate	Second Reading
3/9/2011	Senate	Placed on Calendar Order of 3rd Reading March 10, 2011
3/14/2011	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
3/31/2011	Senate	Added as Chief Co-Sponsor Sen. William R. Haine
4/11/2011	Senate	Added as Chief Co-Sponsor Sen. Michael W. Frerichs
4/14/2011	Senate	Third Reading - Passed; 056-000-000
4/14/2011	House	Arrived in House
4/14/2011	House	Placed on Calendar Order of First Reading
4/14/2011	House	Chief House Sponsor Rep. Richard Morthland
4/14/2011	House	First Reading
4/14/2011	House	Referred to Rules Committee
4/21/2011	House	Assigned to Insurance Committee
5/5/2011	House	Added Alternate Chief Co-Sponsor Rep. JoAnn D. Osmond
5/5/2011	House	Added Alternate Co-Sponsor Rep. Frank J. Mautino
5/9/2011	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Frank J. Mautino
5/9/2011	House	House Committee Amendment No. 1 Referred to Rules Committee
5/10/2011	House	Do Pass / Short Debate Insurance Committee; 016-000-000
5/10/2011	House	Placed on Calendar 2nd Reading - Short Debate
5/10/2011	House	House Committee Amendment No. 1 Tabled Pursuant to Rule 40
5/12/2011	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Frank J. Mautino
5/12/2011	House	House Floor Amendment No. 2 Referred to Rules Committee
5/16/2011	House	House Floor Amendment No. 2 Rules Refers to Insurance Committee
5/18/2011	House	House Floor Amendment No. 2 Recommends Be Adopted Insurance Committee; 016-000-000
5/18/2011	House	Added Alternate Co-Sponsor Rep. Kenneth Dunkin
5/19/2011	House	Second Reading - Short Debate
5/19/2011	House	House Floor Amendment No. 2 Adopted by Voice Vote
5/19/2011	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/20/2011	House	Third Reading - Short Debate - Passed 111-000-000
5/20/2011	House	Added Alternate Co-Sponsor Rep. Jack D. Franks
5/20/2011	House	Added Alternate Co-Sponsor Rep. Keith Farnham
5/20/2011	House	Added Alternate Co-Sponsor Rep. Carol A. Sente
5/20/2011	House	Added Alternate Co-Sponsor Rep. Linda Chapa LaVia
5/20/2011	House	Added Alternate Chief Co-Sponsor Rep. Kay Hatcher
5/20/2011	Senate	Secretary's Desk - Concurrence House Amendment(s) 2
5/20/2011	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 2 - May 22, 2011
5/23/2011	Senate	House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Mike Jacobs
5/23/2011	Senate	House Floor Amendment No. 2 Motion to Concur Referred to Assignments
5/25/2011	Senate	House Floor Amendment No. 2 Motion to Concur Assignments Referred to Executive
5/26/2011	Senate	Added as Chief Co-Sponsor Sen. Steven M. Landek
5/26/2011	Senate	House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 012-000-000
5/27/2011	Senate	House Floor Amendment No. 2 Senate Concurs 056-000-000
5/27/2011	Senate	Passed Both Houses
6/24/2011	Senate	Sent to the Governor
8/23/2011	Senate	Governor Approved
8/23/2011	Senate	Effective Date August 23, 2011
8/23/2011	Senate	Public Act . . . . . . . . . 97-0527

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