Illinois General Assembly - Bill Status for SB1479
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of SB1479  103rd General Assembly


Short Description:  INS-REGULATORY EXAM/COMPLIANCE

Senate Sponsors
Sen. Laura Fine

House Sponsors
(Rep. Thaddeus Jones - Bob Morgan - Rita Mayfield - Jeff Keicher)

Last Action
DateChamber Action
  8/9/2024SenatePublic Act . . . . . . . . . 103-0897

Statutes Amended In Order of Appearance
215 ILCS 5/132from Ch. 73, par. 744
215 ILCS 5/132.5from Ch. 73, par. 744.5
215 ILCS 5/155.35
215 ILCS 5/402from Ch. 73, par. 1014
215 ILCS 5/511.109from Ch. 73, par. 1065.58-109
215 ILCS 5/512-3from Ch. 73, par. 1065.59-3
215 ILCS 5/512-5from Ch. 73, par. 1065.59-5
215 ILCS 5/512-11 new
215 ILCS 5/513b3


Synopsis As Introduced
Amends the Illinois Insurance Code. Sets forth provisions concerning market conduct and nonfinancial examinations; market analysis and market conduct actions; access to books and records; examination reports; hearings; disclosures; confidentiality; corrective actions; and immunity to liability of market conduct surveillance personnel. Provides that the Director of Insurance shall collect and report market data to the National Association of Insurance Commissioner's market information systems. Provides that if the Director or an examiner finds that an administrator or pharmacy benefit manager has violated insurance-related laws or regulations under specified circumstances, then, unless the health care payer, health insurer, or plan sponsor is included in the examination and has been afforded the same opportunity to request or participate in a hearing on the examination report, the examination report shall not allege a violation by the health care payer, health insurer, or plan sponsor and the Director's order based on the report shall not impose any requirements, prohibitions, or penalties on the health care payer, health insurer, or plan sponsor. Removes various provisions concerning market conduct and nonfinancial examinations. Defines terms. Makes other changes. Effective immediately.

Senate Committee Amendment No. 1
Adds reference to:
215 ILCS 5/408from Ch. 73, par. 1020

Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes. Further amends the Illinois Insurance Code. Provides that at a pre-examination conference, the Director of Insurance or authorized market conduct surveillance personnel shall disclose the basis of the examination. Provides that the Director may give a company or person an opportunity to resolve matters that are identified as a result of a market analysis to the Director's satisfaction before undertaking a market conduct action against the company or person. Provides that a failure to produce requested books, records, or documents by a deadline shall not be a violation until the later of specified deadlines. Provides that whenever the Department of Insurance has made substantive changes to a previously shared draft report, unless those changes remove part or all of an alleged violation or were proposed by the examinee, the Department shall deliver the revised version to the examinee as a new draft and shall allow the examinee 30 days to respond before the Department issues a final report. Provides that no corrective action shall be ordered with respect to violations in transactions with consumers or other entities that are isolated occurrences or that occur with such low frequency as to fall below a reasonable margin of error. Provides that the Director may make the results of a data call available for public inspection under certain circumstances. Provides that any failure to respond to an information request in a market conduct action or violation of specified provisions may carry a fine of up to $1,000 per day up to a maximum of $50,000. Authorizes the Director to order a penalty of up $2,000 (rather than $3,000) for each violation of any law, rule, or prior lawful order of the Director. Removes language providing that if an examination report finds a violation by the examinee that the report is unable to quantify such as an operational policy or procedure that conflicts with applicable law, then the Director may order a penalty of up to $10,000 for that violation. Provides that fines and penalties shall be consistent, reasonable, and justifiable, and the Director may consider reasonable criteria including, but not limited to, the examinee's size, consumer harm, the intentionality of any violations, or remedial actions already undertaken by the examinee. Provides that the Director shall communicate to the examinee the basis for any assessed fine or penalty. In a provision requiring examinees to pay for the expenses of a market conduct examination, provides that the costs and fees incurred in a market conduct examination shall be itemized and bills shall be provided to the examinee on a monthly basis for review prior to submission for payment. Makes other changes. Effective January 1, 2025 (rather than effective immediately).

Senate Committee Amendment No. 2
Removes the examinee's size from the criteria for ordering certain fines and penalties.

Actions 
DateChamber Action
  2/7/2023SenateFiled with Secretary by Sen. Ann Gillespie
  2/7/2023SenateFirst Reading
  2/7/2023SenateReferred to Assignments
  2/14/2023SenateAssigned to Insurance
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments
  4/10/2024SenateChief Sponsor Changed to Sen. Laura Fine
  4/16/2024SenateRe-assigned to Insurance
  4/16/2024SenateRule 2-10 Committee Deadline Established As May 3, 2024
  4/16/2024SenateRule 2-10 Third Reading Deadline Established As May 3, 2024
  4/17/2024SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Laura Fine
  4/17/2024SenateSenate Committee Amendment No. 1 Referred to Assignments
  4/24/2024SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance
  4/24/2024SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Laura Fine
  4/24/2024SenateSenate Committee Amendment No. 2 Referred to Assignments
  4/30/2024SenateSenate Committee Amendment No. 2 Assignments Refers to Insurance
  4/30/2024SenateSenate Committee Amendment No. 1 Adopted
  4/30/2024SenateSenate Committee Amendment No. 2 Adopted
  5/1/2024SenateDo Pass as Amended Insurance; 008-000-000
  5/1/2024SenatePlaced on Calendar Order of 2nd Reading May 2, 2024
  5/2/2024SenateSecond Reading
  5/2/2024SenatePlaced on Calendar Order of 3rd Reading May 7, 2024
  5/3/2024SenateRule 2-10 Third Reading Deadline Established As May 10, 2024
  5/9/2024SenateThird Reading - Passed; 055-000-000
  5/9/2024HouseArrived in House
  5/9/2024HouseChief House Sponsor Rep. Thaddeus Jones
  5/13/2024HouseFirst Reading
  5/13/2024HouseReferred to Rules Committee
  5/13/2024HouseAssigned to Insurance Committee
  5/13/2024HouseCommittee/Final Action Deadline Extended-9(b) May 24, 2024
  5/15/2024HouseAdded Alternate Chief Co-Sponsor Rep. Bob Morgan
  5/15/2024HouseAdded Alternate Chief Co-Sponsor Rep. Rita Mayfield
  5/20/2024HouseDo Pass / Short Debate Insurance Committee; 014-000-000
  5/21/2024HousePlaced on Calendar 2nd Reading - Short Debate
  5/21/2024HouseSecond Reading - Short Debate
  5/21/2024HouseHeld on Calendar Order of Second Reading - Short Debate
  5/22/2024HouseAdded Alternate Chief Co-Sponsor Rep. Jeff Keicher
  5/23/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/23/2024HouseThird Reading - Short Debate - Passed 111-000-000
  5/23/2024SenatePassed Both Houses
  6/21/2024SenateSent to the Governor
  8/9/2024SenateGovernor Approved
  8/9/2024SenateEffective Date January 1, 2025
  8/9/2024SenatePublic Act . . . . . . . . . 103-0897

Back To Top