Illinois General Assembly - Bill Status for HB3910

Illinois General Assembly - Bill Status for HB3910

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Bill Status of HB3910 99th General Assembly

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Short Description: TITLE INS AGENT VISITATION

House Sponsors
Rep. David B. Reis

Senate Sponsors
(Sen. Jacqueline Y. Collins)

Last Action

Date	Chamber	Action
7/22/2015	House	Public Act . . . . . . . . . 99-0104

Statutes Amended In Order of Appearance

215 ILCS 155/12

from Ch. 73, par. 1412

215 ILCS 155/14

from Ch. 73, par. 1414

215 ILCS 155/16

from 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

Date	Chamber	Action
2/27/2015	House	Filed with the Clerk by Rep. David B. Reis
2/27/2015	House	First Reading
2/27/2015	House	Referred to Rules Committee
3/12/2015	House	Assigned to Executive Committee
3/12/2015	House	House Committee Amendment No. 1 Filed with Clerk by Rep. David B. Reis
3/12/2015	House	House Committee Amendment No. 1 Referred to Rules Committee
3/16/2015	House	House Committee Amendment No. 1 Rules Refers to Executive Committee
3/27/2015	House	Rule 19(a) / Re-referred to Rules Committee
3/27/2015	House	House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
4/16/2015	House	Committee Deadline Extended-Rule 9(b) April 30, 2015
4/16/2015	House	House Committee Amendment No. 1 Committee Deadline Extended-Rule 9(b) April 30, 2015
4/16/2015	House	Assigned to Judiciary - Civil Committee
4/16/2015	House	House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
4/22/2015	House	House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
4/22/2015	House	Do Pass as Amended / Short Debate Judiciary - Civil Committee; 011-000-000
4/22/2015	House	Placed on Calendar 2nd Reading - Short Debate
4/22/2015	House	Second Reading - Short Debate
4/22/2015	House	Held on Calendar Order of Second Reading - Short Debate
4/23/2015	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/24/2015	House	Third Reading - Short Debate - Passed 069-024-000
4/28/2015	Senate	Arrive in Senate
4/28/2015	Senate	Placed on Calendar Order of First Reading
4/28/2015	Senate	Chief Senate Sponsor Sen. Jacqueline Y. Collins
4/28/2015	Senate	First Reading
4/28/2015	Senate	Referred to Assignments
4/29/2015	Senate	Assigned to Insurance
5/6/2015	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
5/6/2015	Senate	Senate Committee Amendment No. 1 Referred to Assignments
5/12/2015	Senate	Senate Committee Amendment No. 1 Assignments Refers to Insurance
5/13/2015	Senate	Senate Committee Amendment No. 1 Adopted
5/14/2015	Senate	Do Pass as Amended Insurance; 011-000-001
5/14/2015	Senate	Placed on Calendar Order of 2nd Reading May 18, 2015
5/18/2015	Senate	Second Reading
5/18/2015	Senate	Placed on Calendar Order of 3rd Reading May 19, 2015
5/20/2015	Senate	Third Reading - Passed; 050-000-002
5/20/2015	House	Arrived in House
5/20/2015	House	Placed on Calendar Order of Concurrence Senate Amendment(s) 1
5/20/2015	House	Senate Committee Amendment No. 1 Motion Filed Concur Rep. David B. Reis
5/20/2015	House	Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
5/25/2015	House	Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Judiciary - Civil Committee
5/27/2015	House	Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Judiciary - Civil Committee; 011-000-000
5/31/2015	House	Senate Committee Amendment No. 1 House Concurs 083-026-001
5/31/2015	House	House Concurs
5/31/2015	House	Passed Both Houses
6/29/2015	House	Sent to the Governor
7/22/2015	House	Governor Approved
7/22/2015	House	Effective Date January 1, 2016
7/22/2015	House	Public Act . . . . . . . . . 99-0104