Roll Call: IL SB1737 | 2017-2018 | 100th General Assembly

For additional roll call votes on Illinois SB1737 please see the Vote List
Bill Title: 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.

Spectrum: Slight Partisan Bill (Democrat 5-3)

Status: (Enrolled) 2018-06-29 - Sent to the Governor [SB1737 Detail]

Text: Latest bill text (Enrolled) [HTML]

Concurrence in Senate

VoteTallyDemocratRepublican
Yea423012
Nay5-5
Not Voting1275
Absent0--
TOTAL593722

Result: Passed

NameYeaNayNot VotingAbsent
Sen. Pamela Althoff [R]
Sen. Neil Anderson [R]
Sen. Omar Aquino [D]
Sen. Jason Barickman [R]
Sen. Scott Bennett [D]
Sen. Jennifer Bertino-Tarrant [D]
Sen. Daniel Biss [D]
Sen. Tim Bivins [R]
Sen. Bill Brady [R]
Sen. Melinda Bush [D]
Sen. Cristina Castro [D]
Sen. James Clayborne [D]
Sen. Jacqueline Collins [D]
Sen. Michael Connelly [R]
Sen. John Cullerton [D]
Sen. Thomas Cullerton [D]
Sen. William Cunningham [D]
Sen. John Curran [R]
Sen. Dale Fowler [R]
Sen. William Haine [D]
Sen. Don Harmon [D]
Sen. Napoleon Harris [D]
Sen. Michael Hastings [D]
Sen. Linda Holmes [D]
Sen. Mattie Hunter [D]
Sen. Toi Hutchinson [D]
Sen. Emil Jones [D]
Sen. David Koehler [D]
Sen. Steven Landek [D]
Sen. Kimberly Lightford [D]
Sen. Terry Link [D]
Sen. Andy Manar [D]
Sen. Iris Martinez [D]
Sen. William McCann [R]
Sen. Kyle McCarter [R]
Sen. Dan McConchie [R]
Sen. Karen McConnaughay [R]
Sen. Pat McGuire [D]
Sen. Julie Morrison [D]
Sen. John Mulroe [D]
Sen. Antonio Munoz [D]
Sen. Laura Murphy [D]
Sen. Chris Nybo [R]
Sen. Jim Oberweis [R]
Sen. Kwame Raoul [D]
Sen. Susan Rezin [R]
Sen. Dale Righter [R]
Sen. Tom Rooney [R]
Sen. Chapin Rose [R]
Sen. Martin Sandoval [D]
Sen. Paul Schimpf [R]
Sen. Ira Silverstein [D]
Sen. Elgie Sims [D]
Sen. Steve Stadelman [D]
Sen. Heather Steans [D]
Sen. Dave Syverson [R]
Sen. Jil Tracy [R]
Sen. Patricia Vanpelt-Watkins [D]
Sen. Chuck Weaver [R]
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