Illinois General Assembly - Bill Status for SB3202
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 Bill Status of SB3202  102nd General Assembly


Short Description:  INS-CONFIDENTIAL DISCLOSURE

Senate Sponsors
Sen. Napoleon Harris, III

Last Action
DateChamber Action
  1/14/2022SenateReferred to Assignments

Statutes Amended In Order of Appearance
215 ILCS 5/131.22
215 ILCS 5/132.5from Ch. 73, par. 744.5
215 ILCS 5/547from Ch. 73, par. 1065.97


Synopsis As Introduced
Amends the Illinois Insurance Code. In provisions concerning confidential treatment of documents, materials, or other information in the possession or control of the Department of Insurance and provisions concerning confidential treatment of information obtained in the course of an examination, provides that the Director of Insurance may only share confidential and privileged documents, material, or information with the Illinois Insurance Guaranty Fund regarding any member company if the Director determines that the member company may be subject to a future delinquency proceeding. Provides that the Director may disclose the information so long as the Fund agrees in writing to hold that information confidential and uses that information to prepare for the possible liquidation of the member company. Provides that access to the information disclosed by the Director to the Fund shall be limited to the Fund's staff and its counsel. Provides that the board of directors of the Fund may have access to the information disclosed by the Director to the Fund once the member company is subject to a delinquency proceeding subject to any terms and conditions established by the Director. In provisions concerning prevention of insolvencies, provides that the Director may disclose specified information to the Fund and the Fund may use that information to prepare for the possible liquidation of a member company subject to specified requirements and restrictions. Effective immediately.

Actions 
DateChamber Action
  1/14/2022SenateFiled with Secretary by Sen. Napoleon Harris, III
  1/14/2022SenateFirst Reading
  1/14/2022SenateReferred to Assignments

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