Illinois Senate Bill 3324 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on August 15 2014 - 100% progression
Action: 2014-08-15 - Public Act . . . . . . . . . 98-0978
Text: Latest bill text (Chaptered) [HTML]

Amends the Illinois Insurance Code. Makes changes in the Section concerning transactions involving contracts of insurance issued to one or more industrial insureds to apply to transactions involving contracts of insurance independently procured directly from an unauthorized insurer by industrial insureds. Provides that within 90 days after the effective date of each contract of insurance issued under the Section, the insured shall file a report with the Director of Insurance by submitting the report to the Surplus Line Association of Illinois and provide information as designated by the Surplus Line Association of Illinois. Provides that within 30 days after filing the report, the insured shall pay to the Director for the use and benefit of the State a sum equal to the gross premium of the contract of insurance multiplied by the surplus line tax rate and shall pay the fire marshal tax. Includes surplus line producers and industrial insureds in the provisions concerning refunds, penalties, and collection. Sets forth requirements for when more than one insured from a group that is not affiliated are named insureds on a single surplus line insurance contract. Makes changes in the provisions concerning surplus line and examinations of the Association.

INS CD-INDUSTRIAL INSUREDS

Sen. William Haine [D]

Rep. JoAnn Osmond [R]

Rep. Monique Davis [D]

2014-05-21 - House - Third Reading in House (Y: 114 N: 0 NV: 2 Abs: 0) [PASS]
2014-04-07 - Senate - Third Reading in Senate (Y: 48 N: 0 NV: 11 Abs: 0) [PASS]

Date	Chamber	Action
2014-08-15	Senate	Public Act . . . . . . . . . 98-0978
2014-08-15	Senate	Effective Date January 1, 2015
2014-08-15	Senate	Governor Approved
2014-06-19	Senate	Sent to the Governor
2014-05-21	Senate	Passed Both Houses
2014-05-21	House	Third Reading - Short Debate - Passed 114-000-000
2014-05-13	House	Placed on Calendar Order of 3rd Reading - Short Debate
2014-05-13	House	Second Reading - Short Debate
2014-05-09	House	Added Alternate Co-Sponsor Rep. Monique D. Davis
2014-05-07	House	Placed on Calendar 2nd Reading - Short Debate
2014-05-06	House	Do Pass / Short Debate Insurance Committee; 023-000-000
2014-04-28	House	Assigned to Insurance Committee
2014-04-10	House	Referred to Rules Committee
2014-04-10	House	First Reading
2014-04-10	House	Chief House Sponsor Rep. JoAnn D. Osmond
2014-04-07	House	Arrived in House
2014-04-07	Senate	Third Reading - Passed; 048-000-000
2014-04-03	Senate	Placed on Calendar Order of 3rd Reading April 7, 2014
2014-04-03	Senate	Second Reading
2014-03-21	Senate	Placed on Calendar Order of 2nd Reading March 25, 2014
2014-03-21	Senate	Do Pass as Amended Insurance; 008-000-000
2014-03-20	Senate	Senate Committee Amendment No. 2 Adopted
2014-03-20	Senate	Senate Committee Amendment No. 1 Adopted
2014-03-20	Senate	Senate Committee Amendment No. 2 Assignments Refers to Insurance
2014-03-20	Senate	Senate Committee Amendment No. 1 Assignments Refers to Insurance
2014-03-18	Senate	Senate Committee Amendment No. 2 Referred to Assignments
2014-03-18	Senate	Senate Committee Amendment No. 2 Filed with Secretary by Sen. William R. Haine
2014-03-13	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2014-03-13	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
2014-02-25	Senate	Assigned to Insurance
2014-02-14	Senate	Referred to Assignments
2014-02-14	Senate	First Reading
2014-02-14	Senate	Filed with Secretary by Sen. William R. Haine

Chapter	Article	Section	Citation Type	Statute Text
215	5	121-2.08	Amended Code	Citation Text
215	5	412	Amended Code	Citation Text
215	5	445	Amended Code	Citation Text
215	5	445.4	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3324&GAID=12&DocTypeID=SB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/SB/09800SB3324.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB3324sam001.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB3324sam002.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB3324eng.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB3324enr.htm
Text	https://www.ilga.gov/legislation/publicacts/98/098-0978.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/98/senate/09800SB3324_04072014_015000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/98/house/09800SB3324_05212014_017000T.pdf