Illinois Senate Bill 1667 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on December 15 2017 - 100% progression
Action: 2017-12-15 - Public Act . . . . . . . . . 100-0570
Text: Latest bill text (Chaptered) [HTML]

Amends the Title Insurance Act. In provisions concerning reinsurance, provides that a title insurance company may obtain reinsurance for all or any part of its liability under one or more of its title insurance policies from an assuming insurer with a financial strength rating of A- or better from A.M. Best Company, Inc., or with an alternative rating the Department of Insurance may approve that the Department determines is an equivalent rating by another recognized rating organization. In provisions concerning retained liability, provides that the net retained liability of a title insurance company for a single risk on property located in the State, whether assumed directly or as reinsurance, may not exceed the total surplus (rather than 50% of the total surplus) to policyholders as shown in the most recent annual statement of the title insurance company on file with the Department. Provides that each title insurance company shall file annually with the Department a notice describing its professional reinsurance business, if any, and describing how risks are placed through reinsurance outside of the title insurance industry.

TITLE INS-REINSURANCE

Sen. William Haine [D]

Sen. John Mulroe [D]

Sen. Robert Martwick [D]

2017-11-08 - House - Third Reading in House (Y: 104 N: 0 NV: 8 Abs: 2) [PASS]
2017-05-05 - Senate - Third Reading in Senate (Y: 49 N: 0 NV: 10 Abs: 0) [PASS]

Date	Chamber	Action
2017-12-15	Senate	Public Act . . . . . . . . . 100-0570
2017-12-15	Senate	Effective Date June 1, 2018
2017-12-15	Senate	Governor Approved
2017-12-07	Senate	Sent to the Governor
2017-11-08	Senate	Passed Both Houses
2017-11-08	House	Third Reading - Short Debate - Passed 104-000-002
2017-10-26	House	Placed on Calendar Order of 3rd Reading - Short Debate
2017-10-26	House	Second Reading - Short Debate
2017-10-26	House	Final Action Deadline Extended-9(b) November 10, 2017
2017-10-26	House	House Committee Amendment No. 2 Motion to Table Amendment - Tabled
2017-10-26	House	House Committee Amendment No. 1 Motion to Table Amendment - Tabled
2017-10-26	House	House Committee Amendment No. 2 Tabled Pursuant to Rule 40
2017-10-26	House	House Committee Amendment No. 1 Tabled Pursuant to Rule 40
2017-10-26	House	Placed on Calendar 2nd Reading - Short Debate
2017-10-26	House	Do Pass / Short Debate Executive Committee; 011-000-000
2017-10-26	House	Reported Back To Executive Committee;
2017-10-26	House	Recommends Do Pass Subcommittee/ Executive Committee; 003-000-000
2017-10-25	House	House Committee Amendment No. 2 Motion to Table Referred to Rules Committee
2017-10-25	House	House Committee Amendment No. 1 Motion to Table Referred to Rules Committee
2017-10-25	House	House Committee Amendment No. 2 Motion Filed to Table Rep. Michael J. Zalewski
2017-10-25	House	House Committee Amendment No. 1 Motion Filed to Table Rep. Michael J. Zalewski
2017-10-23	House	Alternate Chief Sponsor Changed to Rep. Robert Martwick
2017-10-17	House	To Gaming Subcommittee
2017-10-17	House	Assigned to Executive Committee
2017-05-31	House	House Committee Amendment No. 2 Rule 19(a) / Re-referred to Rules Committee
2017-05-31	House	House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
2017-05-31	House	Rule 19(a) / Re-referred to Rules Committee
2017-05-30	House	House Committee Amendment No. 2 Rules Refers to Executive Committee
2017-05-30	House	House Committee Amendment No. 2 Referred to Rules Committee
2017-05-30	House	House Committee Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski
2017-05-30	House	House Committee Amendment No. 1 Rules Refers to Executive Committee
2017-05-29	House	House Committee Amendment No. 1 Referred to Rules Committee
2017-05-29	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
2017-05-26	House	Final Action Deadline Extended-9(b) May 31, 2017
2017-05-19	House	Committee Deadline Extended-Rule 9(b) May 26, 2017
2017-05-15	House	Assigned to Executive Committee
2017-05-09	House	Referred to Rules Committee
2017-05-09	House	First Reading
2017-05-08	House	Chief House Sponsor Rep. Michael J. Zalewski
2017-05-08	House	Arrived in House
2017-05-05	Senate	Third Reading - Passed; 049-000-001
2017-05-04	Senate	Placed on Calendar Order of 3rd Reading May 5, 2017
2017-05-04	Senate	Senate Floor Amendment No. 2 Adopted; Haine
2017-05-04	Senate	Second Reading
2017-05-03	Senate	Added as Chief Co-Sponsor Sen. John G. Mulroe
2017-04-28	Senate	Rule 2-10 Third Reading Deadline Established As May 31, 2017
2017-04-06	Senate	Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 008-000-000
2017-04-04	Senate	Senate Floor Amendment No. 2 Assignments Refers to Judiciary
2017-03-27	Senate	Senate Floor Amendment No. 2 Referred to Assignments
2017-03-27	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. William R. Haine
2017-03-08	Senate	Placed on Calendar Order of 2nd Reading March 9, 2017
2017-03-08	Senate	Do Pass as Amended Judiciary; 011-000-000
2017-03-07	Senate	Senate Committee Amendment No. 1 Adopted
2017-03-07	Senate	Senate Committee Amendment No. 1 Assignments Refers to Judiciary
2017-02-28	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2017-02-28	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
2017-02-28	Senate	Assigned to Judiciary
2017-02-09	Senate	Referred to Assignments
2017-02-09	Senate	First Reading
2017-02-09	Senate	Filed with Secretary by Sen. William R. Haine

Chapter	Article	Section	Citation Type	Statute Text
215	155	6	Amended Code	Citation Text
215	155	8	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1667&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB1667.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB1667eng.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB1667enr.htm
Text	https://www.ilga.gov/legislation/publicacts/100/100-0570.htm
Amendment	https://www.ilga.gov/legislation/100/SB/10000SB1667sam001.htm
Amendment	https://www.ilga.gov/legislation/100/SB/10000SB1667sam002.htm
Amendment	https://www.ilga.gov/legislation/100/SB/10000SB1667ham001.htm
Amendment	https://www.ilga.gov/legislation/100/SB/10000SB1667ham002.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000SB1667_05052017_020000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000SB1667_11082017_018000T.pdf