Illinois General Assembly - Bill Status for SB2410
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 Bill Status of SB2410  103rd General Assembly

Short Description:  INS-VARIOUS

Senate Sponsors
Sen. Napoleon Harris, III

Last Action
DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/107a.12
215 ILCS 5/130.4
215 ILCS 5/370c.1
215 ILCS 5/500-30
215 ILCS 5/500-130
215 ILCS 5/1510
215 ILCS 5/1565
215 ILCS 5/Art. XXXI.75 rep.

Synopsis As Introduced
Amends the Illinois Insurance Code. Changes the filing due date applicable to actuarial opinions as to the sufficiency of the loss and loss adjustment expense reserves for group workers' compensation pools from June 1 to March 1 of each year. In provisions concerning the bond required of insurance producers, changes a reference from "agent contact" to "agency contract". Provides that the corporate governance annual disclosure must attest to the best of the signatory's belief and knowledge that the insurer has implemented the corporate governance practices (rather than the corporate governance practices required by the provisions concerning disclosure requirements) and that a copy of the disclosure has been provided to the insurer's board of directors or the appropriate committee thereof. Provides that an insurer must ensure that it has complied with the financial requirements and treatment limitations applicable to mental, emotional, nervous, or substance use disorder or condition benefits prior to policy issuance. Provides that pre-licensing course of study hours required to be completed in a classroom setting in order to obtain an insurance producer license may also be completed in a webinar setting. Provides that 3 hours of classroom ethics instruction required for renewal of a public adjuster license may also be completed by webinar. Defines "webinar". Repeals an Article concerning public insurance adjusters and registered firms. Effective immediately, except that provisions concerning the filing due date applicable to actuarial opinions take effect January 1, 2022.

DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Napoleon Harris, III
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/23/2021SenateAssigned to Insurance
  4/16/2021SenateRule 2-10 Committee Deadline Established As April 23, 2021
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments
  4/21/2021SenateDo Pass Insurance; 012-000-000
  4/21/2021SenatePlaced on Calendar Order of 2nd Reading April 22, 2021
  4/22/2021SenateSecond Reading
  4/22/2021SenatePlaced on Calendar Order of 3rd Reading April 23, 2021
  4/23/2021SenateRule 3-9(a) / Re-referred to Assignments
  1/10/2023SenateSession Sine Die

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