Illinois Senate Bill 1737 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 6-3)
Status: Passed on November 29 2018 - 100% progression
Action: 2018-11-29 - Public Act . . . . . . . . . 100-1118
Text: Latest bill text (Chaptered) [HTML]

Amends the Illinois Insurance Code in provisions concerning credit allowed a domestic ceding insurer. Provides that the assuming insurer shall provide or make certain information to be reported to the Director of Insurance available to the ceding insurer and that the assuming insurer may decline to release trade secrets or commercially sensitive information that would qualify as exempt from disclosure under the Freedom of Information Act. With regard to an assuming insurer's trust fund, provides that not later than February 28 of each year, the assuming insurer's chief executive officer or chief financial officer shall certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a trusteed surplus of not less than $20,000,000. Permits a reduction in the required trusteed surplus in specified circumstances. Provides that in the event that the provision concerning the reduction in the required trusteed surplus applies to the trust, the assuming insurer's chief executive officer or chief financial officer shall then certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a reduced trusteed surplus of not less than the amount that has been authorized by the regulatory authority having principal regulatory oversight of the trust. Makes changes to provisions concerning financial strength ratings. Sets forth provisions concerning downgrades by rating agencies, the Director's authority, upgrading the rating of a certified reinsurer, and the revocation of the certification of a certified reinsurer. Makes other changes.

INS CD-DOMESTIC CEDING INSURER

Sen. Antonio Munoz [D]	Rep. Jay Hoffman [D]	Rep. Michael Unes [R]	Rep. Norine Hammond [R]
Rep. Dan Brady [R]	Rep. Michael Zalewski [D]	Rep. Katie Stuart [D]	Rep. Latoya Greenwood [D]
Sen. Laura Fine [D]

2018-11-27 - House - Motion in House (Y: 89 N: 20 NV: 3 Abs: 1) [PASS]
2018-11-14 - Senate - Motion in Senate (Y: 52 N: 0 NV: 7 Abs: 0) [PASS]
2018-05-31 - Senate - Concurrence in Senate (Y: 42 N: 5 NV: 12 Abs: 0) [PASS]
2018-05-31 - Senate - Concurrence in Senate (Y: 42 N: 5 NV: 12 Abs: 0) [PASS]
2018-05-31 - House - Third Reading in House (Y: 85 N: 28 NV: 1 Abs: 0) [PASS]
2017-04-27 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]

Date	Chamber	Action
2018-11-29	Senate	Public Act . . . . . . . . . 100-1118
2018-11-29	Senate	Effective Date February 1, 2019; Some provisions
2018-11-29	Senate	Effective Date November 27, 2018; Some provisions
2018-11-27	Senate	Amendatory Veto Overridden Both Houses
2018-11-27	House	Override Amendatory Veto - House Passed 089-020-001
2018-11-27	House	3/5 Vote Required
2018-11-20	House	Motion Filed Override Amendatory Veto Rep. Jay Hoffman
2018-11-19	House	Added Alternate Co-Sponsor Rep. Laura Fine
2018-11-15	House	Placed on Calendar Amendatory Veto
2018-11-15	House	Arrived in House
2018-11-14	Senate	Override Amendatory Veto - Senate Passed 052-000-000
2018-11-14	Senate	3/5 Vote Required
2018-11-13	Senate	Motion Filed Override Amendatory Veto Sen. Antonio Muñoz
2018-11-13	Senate	Placed on Calendar Amendatory Veto November 14, 2018
2018-08-26	Senate	Governor Amendatory Veto
2018-06-29	Senate	Sent to the Governor
2018-05-31	Senate	Passed Both Houses
2018-05-31	Senate	Senate Concurs
2018-05-31	Senate	House Floor Amendment No. 2 Senate Concurs 042-005-000
2018-05-31	Senate	House Floor Amendment No. 1 Senate Concurs 042-005-000
2018-05-31	Senate	House Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Assignments
2018-05-31	Senate	House Floor Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
2018-05-31	Senate	House Floor Amendment No. 2 Motion to Concur Referred to Assignments
2018-05-31	Senate	House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Antonio Muñoz
2018-05-31	Senate	House Floor Amendment No. 1 Motion to Concur Referred to Assignments
2018-05-31	Senate	House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Antonio Muñoz
2018-05-31	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 31, 2018
2018-05-31	Senate	Secretary's Desk - Concurrence House Amendment(s) 1, 2
2018-05-31	House	Added Alternate Chief Co-Sponsor Rep. Michael J. Zalewski
2018-05-31	House	Third Reading - Standard Debate - Passed 085-028-000
2018-05-31	House	Added Alternate Co-Sponsor Rep. LaToya Greenwood
2018-05-31	House	Added Alternate Co-Sponsor Rep. Katie Stuart
2018-05-31	House	Placed on Calendar Order of 3rd Reading - Standard Debate
2018-05-31	House	Removed from Short Debate Status
2018-05-31	House	Placed on Calendar Order of 3rd Reading - Short Debate
2018-05-31	House	House Floor Amendment No. 2 Adopted
2018-05-31	House	House Floor Amendment No. 1 Adopted
2018-05-31	House	House Floor Amendment No. 1 Fiscal Note Filed as Amended
2018-05-31	House	Added Alternate Chief Co-Sponsor Rep. Dan Brady
2018-05-31	House	House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
2018-05-31	House	House Floor Amendment No. 2 Referred to Rules Committee
2018-05-31	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman
2018-05-31	House	Added Alternate Chief Co-Sponsor Rep. Norine K. Hammond
2018-05-31	House	Added Alternate Chief Co-Sponsor Rep. Michael D. Unes
2018-05-30	House	House Floor Amendment No. 1 Recommends Be Adopted Labor & Commerce Committee; 017-010-000
2018-05-30	House	House Floor Amendment No. 1 Rules Refers to Labor & Commerce Committee
2018-05-30	House	House Floor Amendment No. 1 Referred to Rules Committee
2018-05-30	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
2018-05-29	House	Held on Calendar Order of Second Reading - Short Debate
2018-05-29	House	Second Reading - Short Debate
2018-05-29	House	Placed on Calendar 2nd Reading - Short Debate
2018-05-29	House	Do Pass / Short Debate Executive Committee; 011-000-000
2018-05-28	House	Motion to Suspend Rule 21 - Prevailed
2018-05-28	House	Motion Filed to Suspend Rule 21 Executive Committee; Rep. Barbara Flynn Currie
2018-05-28	House	Final Action Deadline Extended-9(b) May 31, 2018
2018-05-28	House	Assigned to Executive Committee
2018-05-25	House	Alternate Chief Sponsor Changed to Rep. Jay Hoffman
2017-05-31	House	Rule 19(a) / Re-referred to Rules Committee
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
2017-05-09	House	Assigned to Executive Committee
2017-04-27	House	Referred to Rules Committee
2017-04-27	House	First Reading
2017-04-27	House	Chief House Sponsor Rep. Michael J. Zalewski
2017-04-27	House	Arrived in House
2017-04-27	Senate	Third Reading - Passed; 057-000-000
2017-04-06	Senate	Placed on Calendar Order of 3rd Reading April 25, 2017
2017-04-06	Senate	Second Reading
2017-03-09	Senate	Placed on Calendar Order of 2nd Reading March 14, 2017
2017-03-09	Senate	Do Pass Insurance; 011-000-000
2017-02-28	Senate	Assigned to Insurance
2017-02-09	Senate	Referred to Assignments
2017-02-09	Senate	First Reading
2017-02-09	Senate	Filed with Secretary by Sen. Antonio Muñoz

Chapter	Article	Section	Citation Type	Statute Text
215	5	173.1	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1737&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB1737.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB1737eng.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB1737enr.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB1737gms.htm
Text	https://www.ilga.gov/legislation/publicacts/100/100-1118.htm
Amendment	https://www.ilga.gov/legislation/100/SB/10000SB1737ham001.htm
Amendment	https://www.ilga.gov/legislation/100/SB/10000SB1737ham002.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000SB1737_04272017_031000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000SB1737_05312018_014000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000SB1737ham002_05312018_076001C.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000SB1737ham001_05312018_076000C.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000SB1737_11142018_022000M.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000SB1737_11272018_012000M.pdf