Illinois General Assembly - Bill Status for HB5582
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB5582  100th General Assembly

Short Description:  INS CODE-VARIOUS

House Sponsors
Rep. Norine K. Hammond

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/131.22from Ch. 73, par. 743.22
215 ILCS 5/353afrom Ch. 73, par. 965a
215 ILCS 5/404from Ch. 73, par. 1016
215 ILCS 5/141.2 rep.
215 ILCS 5/155.25 rep.
215 ILCS 5/233 rep.
215 ILCS 5/Art. XIX rep.
215 ILCS 125/1-2from Ch. 111 1/2, par. 1402

Synopsis As Introduced
Amends the Illinois Insurance Code. In provisions concerning confidential treatment, provides that specified information shall remain confidential and privileged with the exception of information submitted pursuant to provisions concerning acquisition of control or merger with domestic companies that is not personal financial information. In provisions concerning accident and health reserves, removes language requiring the Director of Insurance from time to time to adopt rules requiring the use of appropriate tables of morbidity, mortality, interest rates, and valuation methods for such reserves. Provides that the Director may enter into written agreements to share confidential insurer records or information with the International Association of Insurance Supervisors. Repeals provisions concerning grounds for disapproval of a management contract or service agreement, reports by certain property and casualty insurers, participating and non-participating policies, and burial societies. Amends the Health Maintenance Organization Act. Changes the definition of "organization" to mean any domestic insurance company (rather than any insurance company). Effective immediately.

DateChamber Action
  2/16/2018HouseFiled with the Clerk by Rep. Norine K. Hammond
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  1/8/2019HouseSession Sine Die

Back To Top