Bill Status of HB 3910   99th General Assembly

Short Description:  TITLE INS AGENT VISITATION

House Sponsors
Rep. David B. Reis

Senate Sponsors
(Sen. Jacqueline Y. Collins)


Last Action  View All Actions

DateChamber Action
  7/22/2015HousePublic Act . . . . . . . . . 99-0104

Statutes Amended In Order of Appearance
215 ILCS 155/12from Ch. 73, par. 1412
215 ILCS 155/14from Ch. 73, par. 1414
215 ILCS 155/16from Ch. 73, par. 1416

Synopsis As Introduced
Amends the Title Insurance Act. Provides that the Secretary of Financial and Professional Regulation or his authorized agents shall, from time to time, conduct visits of registered agents to ensure compliance with the Act and verify that proper internal controls are being maintained. Removes language providing that: (i) upon a showing of good cause, the Secretary or his authorized agent has the authority and power to require any title insurance company to take all legal means to obtain the appropriate records of its registered agents and make them available for examination at a time and place designated by the Secretary and (ii) expenses incurred in the course of such examinations will be the responsibility of the title insurance company. Requires that each title insurance company shall remit (rather than pay), for all of its title insurance agents subject to this Act for filing an annual registration of its agents, an amount collected from the consumer (was, an amount) equal to $3 for each policy issued by all of its agents in the immediately preceding calendar year. Provides that each application for registration as a title insurance agent shall be made on a form specified by the Secretary and prepared by (rather than prepared in duplicate by) each title insurance company which the agent represents. Requires the title insurance company to retain the copy of the application and forward a copy (rather than the original) to the Secretary. Makes other changes.

House Committee Amendment No. 1
Deletes reference to:
215 ILCS 155/12

Replaces everything after the enacting clause with the introduced bill with the following changes: Removes provisions allowing the Secretary of Financial and Professional Regulation to conduct visits of registered title insurance agents to ensure compliance with the Act from time to time. Restores language allowing the Secretary to require a title insurance company to obtain appropriate records for review by the Secretary upon the showing of good cause.

Senate Committee Amendment No. 1
Provides that each title insurance company shall remit an amount equal to $3 (previously an amount collected from the consumer equal to $3) for each policy issued by all of its agents in the immediately preceding calendar year.

Actions 
DateChamber Action
  2/27/2015HouseFiled with the Clerk by Rep. David B. Reis
  2/27/2015HouseFirst Reading
  2/27/2015HouseReferred to Rules Committee
  3/12/2015HouseAssigned to Executive Committee
  3/12/2015HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. David B. Reis
  3/12/2015HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/16/2015HouseHouse Committee Amendment No. 1 Rules Refers to Executive Committee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  3/27/2015HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
  4/16/2015HouseCommittee Deadline Extended-Rule 9(b) April 30, 2015
  4/16/2015HouseHouse Committee Amendment No. 1 Committee Deadline Extended-Rule 9(b) April 30, 2015
  4/16/2015HouseAssigned to Judiciary - Civil Committee
  4/16/2015HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
  4/22/2015HouseHouse Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
  4/22/2015HouseDo Pass as Amended / Short Debate Judiciary - Civil Committee; 011-000-000
  4/22/2015HousePlaced on Calendar 2nd Reading - Short Debate
  4/22/2015HouseSecond Reading - Short Debate
  4/22/2015HouseHeld on Calendar Order of Second Reading - Short Debate
  4/23/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/24/2015HouseThird Reading - Short Debate - Passed 069-024-000
  4/28/2015SenateArrive in Senate
  4/28/2015SenatePlaced on Calendar Order of First Reading
  4/28/2015SenateChief Senate Sponsor Sen. Jacqueline Y. Collins
  4/28/2015SenateFirst Reading
  4/28/2015SenateReferred to Assignments
  4/29/2015SenateAssigned to Insurance
  5/6/2015SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
  5/6/2015SenateSenate Committee Amendment No. 1 Referred to Assignments
  5/12/2015SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance
  5/13/2015SenateSenate Committee Amendment No. 1 Adopted
  5/14/2015SenateDo Pass as Amended Insurance; 011-000-001
  5/14/2015SenatePlaced on Calendar Order of 2nd Reading May 18, 2015
  5/18/2015SenateSecond Reading
  5/18/2015SenatePlaced on Calendar Order of 3rd Reading May 19, 2015
  5/20/2015SenateThird Reading - Passed; 050-000-002
  5/20/2015HouseArrived in House
  5/20/2015HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
  5/20/2015HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. David B. Reis
  5/20/2015HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
  5/25/2015HouseSenate Committee Amendment No. 1 Motion to Concur Rules Referred to Judiciary - Civil Committee
  5/27/2015HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Judiciary - Civil Committee; 011-000-000
  5/31/2015HouseSenate Committee Amendment No. 1 House Concurs 083-026-001
  5/31/2015HouseHouse Concurs
  5/31/2015HousePassed Both Houses
  6/29/2015HouseSent to the Governor
  7/22/2015HouseGovernor Approved
  7/22/2015HouseEffective Date January 1, 2016
  7/22/2015HousePublic Act . . . . . . . . . 99-0104

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