Bill Status of SB 3826   97th General Assembly

Short Description:  INSURANCE-TECH

Senate Sponsors
Sen. Kwame Raoul

Last Action  View All Actions

DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/457from Ch. 73, par. 1065.4
215 ILCS 5/458from Ch. 73, par. 1065.5
215 ILCS 5/459from Ch. 73, par. 1065.6
215 ILCS 5/459a new
215 ILCS 5/461from Ch. 73, par. 1065.8
215 ILCS 5/462from Ch. 73, par. 1065.9
215 ILCS 5/463from Ch. 73, par. 1065.10

Synopsis As Introduced
Amends the Illinois Insurance Code in the Article concerning workers' compensation and employer's liability insurance rates. Creates the Illinois Compensation Rating Bureau as a quasi-governmental entity. In the provisions concerning rate filings, disapproval of filings, appeal by minority, information that is to be furnished to insureds and hearings and appeals of insureds, and advisory organizations, replaces references of licensed rating organizations with that of the Illinois Compensation Rating Bureau. Provides that the Director of Insurance shall have oversight over the Bureau only as established by law. Provides that every insurer that writes, amends, delivers, issues, or renews any policy of insurance specified under the Article concerning workers' compensation and employer's liability insurance rates has membership in the Bureau. Sets forth the purposes of the Bureau. Provides that the Bureau shall be governed by the Rating Committee. Provides that the Rating Committee shall establish bylaws for the operation of the Bureau which, with amendments thereto, shall be filed with and approved by the Director before they are effective. Deletes certain provisions concerning filings and cooperation among rating organizations and sets forth provisions concerning membership, services, and the furnishing of information.

Senate Committee Amendment No. 1
Deletes reference to:
215 ILCS 5/457
215 ILCS 5/458
215 ILCS 5/459
215 ILCS 5/459a new
215 ILCS 5/461
215 ILCS 5/462
215 ILCS 5/463
Adds reference to:
215 ILCS 5/1from Ch. 73, par. 613

Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the short title.

Actions 
DateChamber Action
  2/10/2012SenateFiled with Secretary by Sen. Kwame Raoul
  2/10/2012SenateFirst Reading
  2/10/2012SenateReferred to Assignments
  2/24/2012SenateAssigned to Labor
  3/7/2012SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Kwame Raoul
  3/7/2012SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/7/2012SenateSenate Committee Amendment No. 1 Assignments Refers to Labor
  3/7/2012SenateSenate Committee Amendment No. 1 Adopted
  3/8/2012SenateDo Pass as Amended Labor; 006-000-000
  3/8/2012SenatePlaced on Calendar Order of 2nd Reading March 21, 2012
  3/28/2012SenateSecond Reading
  3/28/2012SenatePlaced on Calendar Order of 3rd Reading March 29, 2012
  5/2/2012SenateRe-referred to Assignments
  1/8/2013SenateSession Sine Die

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