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 6-3)

Status: (Passed) 2018-11-29 - Public Act . . . . . . . . . 100-1118 [SB1737 Detail]

Text: Latest bill text (Chaptered) [HTML]

Vote: Motion in Senate

VoteTallyDemocratRepublican
Yea523319
Nay---
Not Voting743
Absent---
TOTAL593722

Result: Passed

NameYeaNayNVAbsentFinancialEncyclopediaBiography
Sen. Anderson, Neil [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Aquino, Omar [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Barickman, Jason [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Bennett, Scott M. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Bertino-Tarrant, Jennifer [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Biss, Daniel K. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Bivins, Tim [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Brady, Bill "Bill" [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Bush, Melinda "Willen" [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Castro, Cristina [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Clayborne Jr., James F. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Collins, Jacqueline "Jacqui" Y. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Connelly, Michael G. [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Cullerton, John J. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Cullerton, Thomas E. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Cunningham, William "Bill" [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Curran, John F. [R]FollowTheMoneyBallotpediaVoteSmart
Sen. DeWitte, Donald "Don" P. [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Fowler, Dale [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Haine, William "Bill" R. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Harmon, Don [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Harris III, Napoleon [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Hastings, Michael E. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Holmes, Linda [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Hunter, Mattie [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Hutchinson, Toi W. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Jones III, Emil [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Koehler, David [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Landek, Steven M. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Lightford, Kimberly A. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Link, Terry [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Manar, Andy [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Martinez, Iris Y. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. McCann, William "Sam" Sam [R]FollowTheMoneyBallotpediaVoteSmart
Sen. McCarter, Kyle [R]FollowTheMoneyBallotpediaVoteSmart
Sen. McConchie, Dan [R]FollowTheMoneyBallotpediaVoteSmart
Sen. McGuire, Pat [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Morrison, Julie A. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Mulroe, John G. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Munoz, Antonio "Tony" [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Murphy, Laura M. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Nybo, Chris [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Oberweis, Jim [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Raoul, Kwame [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Rezin, Susan "Sue" [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Righter, Dale A. [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Rooney, Tom [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Rose, Chapin [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Sandoval, Martin A. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Schimpf, Paul [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Silverstein, Ira I. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Sims Jr., Elgie R. [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Stadelman, Steve [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Steans, Heather [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Syverson, Dave [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Tracy, Jil Walker [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Van Pelt, Patricia [D]FollowTheMoneyBallotpediaVoteSmart
Sen. Weaver, Chuck [R]FollowTheMoneyBallotpediaVoteSmart
Sen. Wilcox, Craig [R]FollowTheMoneyBallotpediaVoteSmart
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