Sen. William R. Haine
Filed: 3/27/2017
 
 

 

 

 
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1
AMENDMENT TO SENATE BILL 1667




2    AMENDMENT NO. ______. Amend Senate Bill 1667 on page 1, by 
3replacing line 5 with "Sections 6, 8, and 13 as follows:"; and


 
4on page 2, immediately below line 23, by inserting the 
5following:
 



6    "(215 ILCS 155/13)  (from Ch. 73, par. 1413)



7    Sec. 13. Annual statement.

8    (a)

Each title insurance company shall file with the 
9Department
during the month of March of each year, a statement 
10under oath, of the
condition of such company on the 
11thirty-first day of December next
preceding disclosing the 
12assets, liabilities, earnings and expenses of the
company. The 
13report shall be in such form and shall contain such additional

14statements and information as to the affairs, business, and 
15conditions of
the company as the Secretary may from time to 
16time prescribe or require.
 
 
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1    (b) By  June  1  of each year, a title insurance company must 
2file with the Department a copy of its most recent audited 
3financial statements.


4    (c) If determined to be necessary and appropriate by the 
5Department, a title insurance company shall provide a summary 
6describing its professional reinsurance placed outside of the 
7title insurance industry. 
8(Source: P.A. 94-893, eff. 6-20-06.)".