Illinois General Assembly - Bill Status for SB2381

Synopsis As Introduced
Amends the Illinois Insurance Code. Requires every insurance company authorized to do business in this State or accredited by this State with assets of at least $50,000,000 to submit an annual report on its voluntary supplier diversity program to the Department of Insurance. Sets forth provisions on what the report must include and how and when the report must be submitted. Provides that, for each report, the Department shall publish the results on its Internet website for 5 years after submission. Requires the Department to hold an annual insurance company supplier diversity workshop in February of 2024 and every February thereafter to discuss the reports with representatives of the insurance companies and vendors. Provides that the Department shall prepare a template for voluntary supplier diversity reports. Effective immediately.

Actions

Date	Chamber	Action
2/10/2023	Senate	Filed with Secretary by Sen. Napoleon Harris, III
2/10/2023	Senate	First Reading
2/10/2023	Senate	Referred to Assignments
2/28/2023	Senate	Assigned to Insurance
3/8/2023	Senate	Do Pass Insurance; 010-000-000
3/8/2023	Senate	Placed on Calendar Order of 2nd Reading March 9, 2023
3/22/2023	Senate	Second Reading
3/22/2023	Senate	Placed on Calendar Order of 3rd Reading March 23, 2023
3/31/2023	Senate	Rule 3-9(a) / Re-referred to Assignments

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