Illinois General Assembly - Bill Status for SB1688

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Bill Status of SB1688 98th General Assembly

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Short Description: INS CD-BUSINESS PRACTICES

Senate Sponsors
Sen. Don Harmon

Last Action

Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Statutes Amended In Order of Appearance

215 ILCS 5/500-82 new

Synopsis As Introduced
Amends the Illinois Insurance Code. Sets out the types of insurance producers that are exempt from the provisions of the Section. Requires an insurance producer to disclose in writing certain information to customers prior to binding coverage, disclose to each customer its compensation relating to that customer's policy prior to binding or renewing coverage, and disclose to each customer at the end of each calendar year all compensation received during the preceding year or anticipated to be received from any insurer or third party in connection with the placement of, renewal of, servicing of, or consultation on that customer's policy. Provides that an insurance producer may retain interest earned on premiums collected on behalf of insurers only after prior notification to the customers from whom such premiums are collected. Makes other changes.

Actions

Date	Chamber	Action
2/9/2007	Senate	Filed with Secretary by Sen. Don Harmon
2/9/2007	Senate	First Reading
2/9/2007	Senate	Referred to Rules
2/21/2007	Senate	Assigned to Insurance
3/7/2007	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
3/7/2007	Senate	Senate Committee Amendment No. 1 Referred to Rules
3/7/2007	Senate	Senate Committee Amendment No. 1 Rules Refers to Insurance
3/7/2007	Senate	Senate Committee Amendment No. 1 Postponed - Insurance
3/8/2007	Senate	Postponed - Insurance
3/16/2007	Senate	Rule 3-9(a) / Re-referred to Rules
3/16/2007	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules
1/13/2009	Senate	Session Sine Die

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