Bill Amendment: IL SB0809 | 2017-2018 | 100th General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: REGULATION-TECH

Status: 2019-01-09 - Session Sine Die [SB0809 Detail]

Download: Illinois-2017-SB0809-Senate_Amendment_001.html

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Sen. Martin A. Sandoval

Filed: 3/10/2017

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AMENDMENT TO SENATE BILL 809
AMENDMENT NO. ______. Amend Senate Bill 809 by replacing
everything after the enacting clause with the following:
"Section 5. The Illinois Insurance Code is amended by
adding Section 155.46 as follows:
(215 ILCS 5/155.46 new)
Sec. 155.46. Insurance company supplier diversity report.
(a) Every company authorized to do business in this State
or accredited by this State with assets of at least
$100,000,000 shall submit a 2-page report on its voluntary
supplier diversity program to the Department. The report shall
set forth all of the following:
(1) The name, address, phone number, and e-mail address
of the point of contact for the supplier diversity program
(or the company's procurement program if there is no
supplier diversity program) for vendors to register with

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the program.
(2) Local and State certifications the company accepts
or recognizes for minority-owned, women-owned, or
veteran-owned business status.
(3) On the second page, a narrative explaining the
results of the report and the tactics to be employed to
achieve the goals of its voluntary supplier diversity
program.
(4) The voluntary goals, if any, for the calendar year
for which the report is made in each category for the
entire budget of the company and the commodity codes or a
description of particular goods and services for the area
of procurement in which the company expects most of those
goals to focus on in that year.
Each company is required to submit a searchable .pdf report
to the Department on or before November 15, 2018, and on or
before November 15 every year thereafter, for the upcoming
calendar year.
(b) For each report submitted under subsection (a) of this
Section, the Department shall publish the results on its
Internet website for 5 years after submission. The Department
is not responsible for collecting the reports or for the
content of the reports.
(c) The Department shall hold an annual insurance company
supplier diversity workshop in February of 2019 and every
February thereafter to discuss the reports with

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representatives of the companies and vendors.
(d) The Department shall prepare a one-page template (not
including the narrative section) for the voluntary supplier
diversity reports.
(e) The Department may adopt such rules as it deems
necessary to implement this Section.
Section 99. Effective date. This Act takes effect upon
becoming law.".