Illinois General Assembly - Bill Status for SB2381
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 Bill Status of SB2381  103rd General Assembly


Short Description:  INS-SUPPLIER DIVERSITY REPORT

Senate Sponsors
Sen. Napoleon Harris, III

Last Action
DateChamber Action
  3/31/2023SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
215 ILCS 5/155.49 new


Synopsis As Introduced
Amends the Illinois Insurance Code. Requires every insurance company authorized to do business in this State or accredited by this State with assets of at least $50,000,000 to submit an annual report on its voluntary supplier diversity program to the Department of Insurance. Sets forth provisions on what the report must include and how and when the report must be submitted. Provides that, for each report, the Department shall publish the results on its Internet website for 5 years after submission. Requires the Department to hold an annual insurance company supplier diversity workshop in February of 2024 and every February thereafter to discuss the reports with representatives of the insurance companies and vendors. Provides that the Department shall prepare a template for voluntary supplier diversity reports. Effective immediately.

Actions 
DateChamber Action
  2/10/2023SenateFiled with Secretary by Sen. Napoleon Harris, III
  2/10/2023SenateFirst Reading
  2/10/2023SenateReferred to Assignments
  2/28/2023SenateAssigned to Insurance
  3/8/2023SenateDo Pass Insurance; 010-000-000
  3/8/2023SenatePlaced on Calendar Order of 2nd Reading March 9, 2023
  3/22/2023SenateSecond Reading
  3/22/2023SenatePlaced on Calendar Order of 3rd Reading March 23, 2023
  3/31/2023SenateRule 3-9(a) / Re-referred to Assignments

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