Bill Status of SB2410 102nd General Assembly
Short Description: INS-VARIOUS
Sen. Napoleon Harris, III
| 4/23/2021||Senate||Rule 3-9(a) / Re-referred to Assignments|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Insurance Code. Changes the filing due date applicable to actuarial opinions as to the sufficiency of the loss and loss adjustment expense reserves for group workers' compensation pools from June 1 to March 1 of each year. In provisions concerning the bond required of insurance producers, changes a reference from "agent contact" to "agency contract". Provides that the corporate governance annual disclosure must attest to the best of the signatory's belief and knowledge that the insurer has implemented the corporate governance practices (rather than the corporate governance practices required by the provisions concerning disclosure requirements) and that a copy of the disclosure has been provided to the insurer's board of directors or the appropriate committee thereof. Provides that an insurer must ensure that it has complied with the financial requirements and treatment limitations applicable to mental, emotional, nervous, or substance use disorder or condition benefits prior to policy issuance. Provides that pre-licensing course of study hours required to be completed in a classroom setting in order to obtain an insurance producer license may also be completed in a webinar setting. Provides that 3 hours of classroom ethics instruction required for renewal of a public adjuster license may also be completed by webinar. Defines "webinar". Repeals an Article concerning public insurance adjusters and registered firms. Effective immediately, except that provisions concerning the filing due date applicable to actuarial opinions take effect January 1, 2022.
|Date||Chamber|| Action|| 2/26/2021||Senate||Filed with Secretary by Sen. Napoleon Harris, III|| 2/26/2021||Senate||First Reading|| 2/26/2021||Senate||Referred to Assignments|| 3/23/2021||Senate||Assigned to Insurance|| 4/16/2021||Senate||Rule 2-10 Committee Deadline Established As April 23, 2021|| 4/16/2021||Senate||Rule 3-9(a) / Re-referred to Assignments|| 4/21/2021||Senate||Do Pass Insurance; 012-000-000|| 4/21/2021||Senate||Placed on Calendar Order of 2nd Reading April 22, 2021|| 4/22/2021||Senate||Second Reading|| 4/22/2021||Senate||Placed on Calendar Order of 3rd Reading April 23, 2021|| 4/23/2021||Senate||Rule 3-9(a) / Re-referred to Assignments|