Illinois General Assembly - Bill Status for HB2962
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 Bill Status of HB2962  98th General Assembly


Short Description:  INS CD-PENALTIES

House Sponsors
Rep. Frank J. Mautino - Robert W. Pritchard - Laura Fine - Al Riley - Rich Brauer, Dwight Kay and Camille Y. Lilly

Senate Sponsors
(Sen. William R. Haine  and William E. Brady)

Last Action
DateChamber Action
  12/27/2013HousePublic Act . . . . . . . . . 98-0609

Statutes Amended In Order of Appearance
215 ILCS 5/154.8from Ch. 73, par. 766.8
215 ILCS 5/155from Ch. 73, par. 767


Synopsis As Introduced
Amends the Illinois Insurance Code. Provides that if, after a hearing pursuant to the Code, the Director of Insurance finds that a company has engaged in an improper claims practice, the Director shall order the company to cease and desist from such practices and, in the exercise of reasonable discretion, may suspend the company's certificate of authority for a period not to exceed 6 months or impose a civil penalty of up to $500,000 (rather than $250,000), or both. Makes changes to the provision concerning attorney fees.

House Floor Amendment No. 1
Deletes reference to:
215 ILCS 5/155

Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Provides that if, after a hearing pursuant to the Code, the Director of Insurance finds that a company has engaged in an improper claims practice, the Director shall order the company to cease and desist from such practices and, in the exercise of reasonable discretion, may suspend the company's certificate of authority for a period not to exceed 6 months or impose a civil penalty of up to $375,000 (rather than $250,000), or both.

Senate Committee Amendment No. 1
Deletes reference to:
215 ILCS 5/154.8 from Ch. 73, par. 766.8
Adds reference to:
215 ILCS 5/131.1from Ch. 73, par. 743.1
215 ILCS 5/131.2from Ch. 73, par. 743.2
215 ILCS 5/131.3from Ch. 73, par. 743.3
215 ILCS 5/131.4from Ch. 73, par. 743.4
215 ILCS 5/131.5from Ch. 73, par. 743.5
215 ILCS 5/131.6from Ch. 73, par. 743.6
215 ILCS 5/131.8from Ch. 73, par. 743.8
215 ILCS 5/131.8afrom Ch. 73, par. 743.8a
215 ILCS 5/131.9a new
215 ILCS 5/131.11from Ch. 73, par. 743.11
215 ILCS 5/131.12from Ch. 73, par. 743.12
215 ILCS 5/131.12afrom Ch. 73, par. 743.12a
215 ILCS 5/131.13from Ch. 73, par. 743.13
215 ILCS 5/131.14from Ch. 73, par. 743.14
215 ILCS 5/131.14a new
215 ILCS 5/131.14b new
215 ILCS 5/131.14c new
215 ILCS 5/131.14d new
215 ILCS 5/131.16from Ch. 73, par. 743.16
215 ILCS 5/131.17from Ch. 73, par. 743.17
215 ILCS 5/131.18from Ch. 73, par. 743.18
215 ILCS 5/131.19from Ch. 73, par. 743.19
215 ILCS 5/131.20from Ch. 73, par. 743.20
215 ILCS 5/131.20afrom Ch. 73, par. 743.20a
215 ILCS 5/131.20b
215 ILCS 5/131.20c new
215 ILCS 5/131.21from Ch. 73, par. 743.21
215 ILCS 5/131.22from Ch. 73, par. 743.22
215 ILCS 5/131.23from Ch. 73, par. 743.23
215 ILCS 5/131.24from Ch. 73, par. 743.24
215 ILCS 5/131.26from Ch. 73, par. 743.26
215 ILCS 5/131.27from Ch. 73, par. 743.27
215 ILCS 5/131.29 new
215 ILCS 5/131.30 new

Replaces everything after the enacting clause. Amends the Illinois Insurance Code in the Article concerning insurance holding company systems. Makes changes to the definitions. Provides that a domestic company, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries, and that the subsidiaries may conduct any kind of business or businesses and their authority to do so shall not be limited by reason of the fact that they are subsidiaries of a domestic company. Makes changes to the provisions concerning a domestic company's permitted investments. Includes certain filing requirements in the provision concerning the acquisition of control of or merger with a domestic company. Makes changes to provisions concerning the statement that is required to be filed with the Director of Insurance. Deletes certain provisions concerning deposits made with the Director, orders entered by the Director, and reports of potential adverse economic impact made to the General Assembly by the Director. Makes changes to the provisions concerning certain violations, judicial jurisdiction, acquisitions, registration statements, reporting materials, termination of registration, disclaimers, transactions, prior notification, officers and directors, examination, confidential treatment, voting, sanctions, and judicial review. Sets forth provisions concerning exemptions, summary filing, enterprise risk filing, violations, confidentiality, and supervisory colleges. Contains a severability provision. Effective on January 1, 2014, except that the provision concerning enterprise risk filing takes effect July 1, 2014.

Senate Committee Amendment No. 2
Adds reference to:
215 ILCS 5/408.3from Ch. 73, par. 1020.3

Further amends the Illinois Insurance Code. Deletes language that provides that moneys in the Insurance Financial Regulation Fund may be transferred to the Professions Indirect Cost Fund, as authorized under the Department of Professional Regulation Law of the Civil Administrative Code of Illinois.

Actions 
DateChamber Action
  2/26/2013HouseFiled with the Clerk by Rep. Scott Drury
  2/26/2013HouseFirst Reading
  2/26/2013HouseReferred to Rules Committee
  3/4/2013HouseAssigned to Consumer Protection Committee
  3/13/2013HouseAdded Chief Co-Sponsor Rep. Robert W. Pritchard
  3/14/2013HouseAdded Chief Co-Sponsor Rep. Laura Fine
  3/14/2013HouseAdded Co-Sponsor Rep. Carol A. Sente
  3/14/2013HouseAdded Co-Sponsor Rep. David McSweeney
  3/14/2013HouseAdded Co-Sponsor Rep. Dwight Kay
  3/19/2013HouseRemoved Co-Sponsor Rep. David McSweeney
  3/19/2013HouseRemoved Co-Sponsor Rep. Carol A. Sente
  3/21/2013HouseDo Pass / Short Debate Consumer Protection Committee; 014-000-000
  3/22/2013HousePlaced on Calendar 2nd Reading - Short Debate
  3/22/2013HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Scott Drury
  3/22/2013HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/18/2013HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000
  4/18/2013HouseAdded Chief Co-Sponsor Rep. Al Riley
  4/18/2013HouseSecond Reading - Short Debate
  4/18/2013HouseHouse Floor Amendment No. 1 Adopted
  4/18/2013HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/19/2013HouseThird Reading - Short Debate - Passed 078-020-000
  4/19/2013HouseAdded Co-Sponsor Rep. Camille Y. Lilly
  4/22/2013SenateArrive in Senate
  4/22/2013SenatePlaced on Calendar Order of First Reading
  4/22/2013SenateChief Senate Sponsor Sen. William R. Haine
  4/22/2013SenateFirst Reading
  4/22/2013SenateReferred to Assignments
  4/24/2013SenateAssigned to Insurance
  4/25/2013SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
  4/25/2013SenateSenate Committee Amendment No. 1 Referred to Assignments
  4/30/2013SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance
  5/6/2013SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. William R. Haine
  5/6/2013SenateSenate Committee Amendment No. 2 Referred to Assignments
  5/6/2013SenateSenate Committee Amendment No. 2 Assignments Refers to Insurance
  5/7/2013SenateSenate Committee Amendment No. 1 Adopted
  5/7/2013SenateSenate Committee Amendment No. 2 Adopted
  5/7/2013SenateDo Pass as Amended Insurance; 009-000-000
  5/7/2013SenatePlaced on Calendar Order of 2nd Reading May 8, 2013
  5/8/2013SenateSecond Reading
  5/8/2013SenatePlaced on Calendar Order of 3rd Reading May 9, 2013
  5/8/2013SenateAdded as Alternate Co-Sponsor Sen. William E. Brady
  5/15/2013SenateThird Reading - Passed; 056-000-000
  5/15/2013HouseArrived in House
  5/15/2013HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1, 2
  5/16/2013HouseChief Sponsor Changed to Rep. Frank J. Mautino
  5/16/2013HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Frank J. Mautino
  5/16/2013HouseSenate Committee Amendment No. 2 Motion Filed Concur Rep. Frank J. Mautino
  5/16/2013HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
  5/16/2013HouseSenate Committee Amendment No. 2 Motion to Concur Referred to Rules Committee
  8/9/2013HouseRule 19(b) / Re-referred to Rules Committee
  10/21/2013HouseApproved for Consideration Rules Committee; 003-000-000
  10/21/2013HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1, 2
  10/21/2013HouseSenate Committee Amendment No. 1 Motion to Concur Rules Referred to Financial Institutions Committee
  10/21/2013HouseSenate Committee Amendment No. 2 Motion to Concur Rules Referred to Financial Institutions Committee
  10/23/2013HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Financial Institutions Committee; 012-000-001
  10/23/2013HouseSenate Committee Amendment No. 2 Motion to Concur Recommends Be Adopted Financial Institutions Committee; 012-000-001
  10/23/2013House3/5 Vote Required
  10/23/2013HouseSenate Committee Amendment No. 1 House Concurs 114-000-001
  10/23/2013HouseSenate Committee Amendment No. 2 House Concurs 114-000-001
  10/23/2013HouseHouse Concurs
  10/23/2013HouseAdded Chief Co-Sponsor Rep. Rich Brauer
  10/23/2013HousePassed Both Houses
  10/28/2013HouseSent to the Governor
  12/27/2013HouseGovernor Approved
  12/27/2013HouseEffective Date January 1, 2014; ; Some parts effective 1-1-14, some parts effective 7-1-14
  12/27/2013HousePublic Act . . . . . . . . . 98-0609

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