Bill Status of HB1957  102nd General Assembly

Short Description:  INS-VARIOUS

House Sponsors
Rep. Thaddeus Jones and Carol Ammons

Senate Sponsors
(Sen. Napoleon Harris, III)

Last Action
DateChamber Action
  7/23/2021HousePublic Act . . . . . . . . . 102-0135

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
  2/16/2021HouseFiled with the Clerk by Rep. Thaddeus Jones
  2/17/2021HouseFirst Reading
  2/17/2021HouseReferred to Rules Committee
  3/9/2021HouseAssigned to Insurance Committee
  3/15/2021HouseDo Pass / Consent Calendar Insurance Committee; 019-000-000
  3/18/2021HousePlaced on Calendar 2nd Reading - Consent Calendar
  4/8/2021HouseAdded Co-Sponsor Rep. Carol Ammons
  4/14/2021HouseSecond Reading - Consent Calendar
  4/14/2021HouseHeld on Calendar Order of Second Reading - Consent Calendar
  4/14/2021HousePlaced on Calendar Order of 3rd Reading - Consent Calendar
  4/16/2021HouseThird Reading - Consent Calendar - First Day
  4/21/2021HouseThird Reading - Consent Calendar - Passed 116-000-001
  4/21/2021SenateArrive in Senate
  4/21/2021SenatePlaced on Calendar Order of First Reading April 22, 2021
  4/23/2021SenateChief Senate Sponsor Sen. Napoleon Harris, III
  4/23/2021SenateFirst Reading
  4/23/2021SenateReferred to Assignments
  5/4/2021SenateAssigned to Insurance
  5/13/2021SenateDo Pass Insurance; 011-000-000
  5/13/2021SenatePlaced on Calendar Order of 2nd Reading May 14, 2021
  5/14/2021SenateSecond Reading
  5/14/2021SenatePlaced on Calendar Order of 3rd Reading May 17, 2021
  5/24/2021SenatePlaced on Calendar Order of 3rd Reading ** May 25, 2021
  5/27/2021SenateThird Reading - Passed; 057-000-000
  5/27/2021HousePassed Both Houses
  6/23/2021HouseSent to the Governor
  7/23/2021HouseGovernor Approved
  7/23/2021HouseEffective Date July 23, 2021; some provisions effective 1-1-22
  7/23/2021HousePublic Act . . . . . . . . . 102-0135