IL SB2381 | 2023-2024 | 103rd General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Insurance Code. Requires every insurance company authorized to do business in this State or accredited by this State with assets of at least $50,000,000 to submit an annual report on its voluntary supplier diversity program to the Department of Insurance. Sets forth provisions on what the report must include and how and when the report must be submitted. Provides that, for each report, the Department shall publish the results on its Internet website for 5 years after submission. Requires the Department to hold an annual insurance company supplier diversity workshop in February of 2024 and every February thereafter to discuss the reports with representatives of the insurance companies and vendors. Provides that the Department shall prepare a template for voluntary supplier diversity reports. Effective immediately.

Tracking Information

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Title

INS-SUPPLIER DIVERSITY REPORT

Sponsors


History

DateChamberAction
2025-01-07SenateSession Sine Die
2023-03-31SenateRule 3-9(a) / Re-referred to Assignments
2023-03-22SenatePlaced on Calendar Order of 3rd Reading March 23, 2023
2023-03-22SenateSecond Reading
2023-03-08SenatePlaced on Calendar Order of 2nd Reading March 9, 2023
2023-03-08SenateDo Pass Insurance; 010-000-000
2023-02-28SenateAssigned to Insurance
2023-02-10SenateReferred to Assignments
2023-02-10SenateFirst Reading
2023-02-10SenateFiled with Secretary by Sen. Napoleon Harris, III

Code Citations

ChapterArticleSectionCitation TypeStatute Text
2155155.49New CodeSee Bill Text

Illinois State Sources


Bill Comments

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