Illinois General Assembly - Bill Status for SB1479
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 Bill Status of SB1479  103rd General Assembly

Short Description:  INS-REGULATORY EXAM/COMPLIANCE

Senate Sponsors
Sen. Laura Fine

Hearings
Insurance Hearing Apr 30 2024 4:00PM Capitol 400 Springfield, IL


Last Action
DateChamber Action
  4/16/2024SenateRe-assigned to Insurance

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.

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

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