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 Bill Status of HB0759  100th General Assembly


Short Description:  INS CD-PRODUCER LICENSE-BANKS

House Sponsors
Rep. Lou Lang - Patricia R. Bellock - Randy E. Frese

Senate Sponsors
(Sen. John G. Mulroe - Pamela J. Althoff - Michael Connelly and Dan McConchie)

Last Action
DateChamber Action
  5/31/2017HousePassed Both Houses

Statutes Amended In Order of Appearance
215 ILCS 5/1403


Synopsis As Introduced
Amends the Illinois Insurance Code. In a provision concerning licensure requirements for financial institutions, provides that nothing in a provision concerning limited lines producer licenses in the Code shall be construed to require a limited lines producer license or any other form or class of producer's license for financial institutions, or their employees, if the financial institution has purchased or sponsored a group or individual credit life, credit accident and health, credit casualty, credit property, or other credit insurance policy or program under which the financial institution enrolls or performs other administrative services to enable individuals to purchase insurance coverage under the group or individual credit insurance policy from a licensed producer in compliance with provisions concerning license exceptions and credit life and credit accident and health insurance policies under the Code. Effective immediately.

House Committee Amendment No. 1
In provisions exempting financial institutions from being licensed as limited lines producers when purchasing or sponsoring certain credit insurance policies or programs, changes the type of policies or programs that exempt the financial institution to group credit life, credit accident and health, credit casualty, credit property, or other group credit insurance policies or programs under which the financial institution enrolls or performs other administrative services, or both. Provides that a financial institution that performs enrollment or other administrative services, or both, with respect to its group credit insurance policies or programs are exempt from being licensed as insurance producers.

Actions 
DateChamber Action
  1/26/2017HouseFiled with the Clerk by Rep. Lou Lang
  1/27/2017HouseFirst Reading
  1/27/2017HouseReferred to Rules Committee
  2/8/2017HouseAssigned to Financial Institutions Committee
  2/14/2017HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Lou Lang
  2/14/2017HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  2/15/2017HouseHouse Committee Amendment No. 1 Rules Refers to Financial Institutions Committee
  3/7/2017HouseHouse Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
  3/7/2017HouseDo Pass as Amended / Short Debate Financial Institutions Committee; 010-000-000
  3/8/2017HousePlaced on Calendar 2nd Reading - Short Debate
  3/9/2017HouseSecond Reading - Short Debate
  3/9/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/15/2017HouseThird Reading - Short Debate - Passed 110-000-000
  3/15/2017HouseAdded Chief Co-Sponsor Rep. Patricia R. Bellock
  3/16/2017SenateArrive in Senate
  3/16/2017SenatePlaced on Calendar Order of First Reading March 28, 2017
  3/23/2017SenateChief Senate Sponsor Sen. John G. Mulroe
  3/28/2017SenateFirst Reading
  3/28/2017SenateReferred to Assignments
  4/6/2017HouseAdded Chief Co-Sponsor Rep. Randy E. Frese
  4/25/2017SenateAssigned to Insurance
  5/2/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff
  5/3/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Michael Connelly
  5/4/2017SenateDo Pass Insurance; 010-000-000
  5/4/2017SenatePlaced on Calendar Order of 2nd Reading May 5, 2017
  5/15/2017SenateSecond Reading
  5/15/2017SenatePlaced on Calendar Order of 3rd Reading May 16, 2017
  5/26/2017SenateRule 2-10 Third Reading Deadline Established As May 31, 2017
  5/26/2017SenateAdded as Alternate Co-Sponsor Sen. Dan McConchie
  5/31/2017SenateThird Reading - Passed; 055-000-000
  5/31/2017HousePassed Both Houses

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