Illinois Senate Bill 2410 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 26 2021 - 25% progression, died in committee
Action: 2021-04-23 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

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.

INS-VARIOUS

Sen. Napoleon Harris [D]

Date	Chamber	Action
2021-04-23	Senate	Rule 3-9(a) / Re-referred to Assignments
2021-04-22	Senate	Placed on Calendar Order of 3rd Reading April 23, 2021
2021-04-22	Senate	Second Reading
2021-04-21	Senate	Placed on Calendar Order of 2nd Reading April 22, 2021
2021-04-21	Senate	Do Pass Insurance; 012-000-000
2021-04-16	Senate	Rule 3-9(a) / Re-referred to Assignments
2021-04-16	Senate	Rule 2-10 Committee Deadline Established As April 23, 2021
2021-03-23	Senate	Assigned to Insurance
2021-02-26	Senate	Referred to Assignments
2021-02-26	Senate	First Reading
2021-02-26	Senate	Filed with Secretary by Sen. Napoleon Harris, III

Chapter	Article	Section	Citation Type	Statute Text
215	5	107a.12	Amended Code	Citation Text
215	5	130.4	Amended Code	Citation Text
215	5	1510	Amended Code	Citation Text
215	5	1565	Amended Code	Citation Text
215	5	370c.1	Amended Code	Citation Text
215	5	500-130	Amended Code	Citation Text
215	5	500-30	Amended Code	Citation Text
215	5	Art. XXXI.75	Repealed Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2410&GAID=16&DocTypeID=SB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/SB/10200SB2410.htm