OSMOND-YARBROUGH-MAUTINO-MATHIAS-KENNER, O'BRIEN, MITCHELL,BILL AND SOMMER. (MADIGAN,R-NOLAND-WALSH,L-OBAMA-HENDON) 215 ILCS 5/155.37 new Amends the Illinois Insurance Code. Provides that if an insurance company makes an adverse underwriting decision, the company must disclose the basis for the decision to the affected individual. Requires disclosure of information related to credit worthiness when the adverse underwriting decision is based upon a report of credit worthiness. Effective immediately. HOUSE AMENDMENT NO. 1. Replaces the substance of the bill. Provides that an insurer may base underwriting decisions on credit worthiness. Provides that the decisions may not be made in a manner that constitutes an unfair or deceptive practice. HOUSE AMENDMENT NO. 2. Adds reference to: 215 ILCS 5/1011 from Ch. 73, par. 1065.711 Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Prohibits the use of credit criteria or scoring as the sole determinant in making an underwriting decision. Prohibits the use of credit information in an unlawfully discriminatory manner. Requires insurers to disclose the source of credit information that forms the basis of an adverse underwriting decision. Effective immediately. SENATE AMENDMENT NO. 1. Deletes reference to: 215 ILCS 5/1011 Replaces everything after the enacting clause. Provides that insurers may not refuse to issue or renew certain policies of automobile insurance, fire and extended coverage insurance, and personal lines insurance solely on the basis of credit reports. Provides that if a credit report is used in conjunction with other criteria in making an underwriting decision, the credit report may not be based upon the race, income, gender, religion, or national origin of the applicant, and if the decision is a denial, the identity of the credit reporting agency must be disclosed to the applicant. Effective January 1, 2002. SENATE AMENDMENT NO. 2. With respect to a provision that an offer by an insurance company to write a policy through an affiliate does not constitute a refusal by the insurance company, removes a restriction on offering a policy through an affiliate that specializes in substandard risks. SENATE AMENDMENT NO. 3. Removes the requirement that an insurer inform an applicant or insured of the specific reasons for a denial and identity of the credit reporting agency when the denial is based upon a credit report. Requires the insurer only to inform the applicant or insured of the denial. Effective October 1, 2001. FEB-23-2001 H FILED WITH CLERK FEB-23-2001 H ADDED AS A JOINT SPONSOR YARBROUGH FEB-23-2001 H ADDED AS A JOINT SPONSOR MAUTINO FEB-23-2001 H FIRST READING FEB-23-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-27-2001 H ASSIGNED TO COMMITTEE INSURANCE FEB-27-2001 H ADDED AS A JOINT SPONSOR MATHIAS MAR-14-2001 H AMENDMENT NO. 01-INSURANCE H MAR-14-2001 H ADOPTED MAR-14-2001 H DO PASS AMENDED/SHORT DEBATE 012-000-000 HINS MAR-14-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-28-2001 H ADDED AS A CO-SPONSOR O'BRIEN APR-02-2001 H AMENDMENT NO. 02-OSMOND APR-02-2001 H AMENDMENT REFERRED TO HRUL APR-02-2001 H CALENDAR ORDER 2ND READING-SHORT DEBATE APR-02-2001 H ADDED AS A JOINT SPONSOR KENNER APR-02-2001 H ADDED AS A CO-SPONSOR PARKE APR-03-2001 H AMENDMENT NO. 02-OSMOND APR-03-2001 H RULES REFERS TO HINS APR-03-2001 H CALENDAR ORDER 2ND READING-SHORT DEBATE APR-04-2001 H AMENDMENT NO. 02-OSMOND APR-04-2001 H RECOMMENDS BE ADOPTED HINS/008-000-000 APR-04-2001 H SECOND READING-SHORT DEBATE APR-04-2001 H AMENDMENT NO. 02-OSMOND APR-04-2001 H ADOPTED APR-04-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE APR-05-2001 H THIRD READING/SHORT DEBATE/PASSED 116-000-000 APR-05-2001 S ARRIVE IN SENATE APR-05-2001 S PLACED CALENDAR ORDER OF FIRST READING 01-04-06 APR-05-2001 H ADDED AS A CO-SPONSOR MITCHELL,BILL APR-05-2001 H ADDED AS A CO-SPONSOR SOMMER APR-06-2001 S CHIEF SPONSOR BOMKE APR-10-2001 S FIRST READING APR-10-2001 S REFERRED TO SENATE RULES COMMITTEE RULES APR-18-2001 S ADDED AS A CHIEF CO-SPONSOR NOLAND APR-25-2001 S ASSIGNED TO COMMITTEE INS & PENS. APR-26-2001 S ADDED AS A CHIEF CO-SPONSOR WALSH,L APR-26-2001 S ADDED AS A CO-SPONSOR BOWLES APR-30-2001 S ADDED AS A CO-SPONSOR MADIGAN,L APR-30-2001 S ADDED AS A CO-SPONSOR O'DANIEL MAY-01-2001 S POSTPONED MAY-01-2001 S COMMITTEE INS & PENS. MAY-01-2001 S ADDED AS A CHIEF CO-SPONSOR OBAMA MAY-01-2001 S SPONSOR REMOVED BOMKE MAY-01-2001 S ALTERNATE CHIEF SPONSOR CHANGED TO MADIGAN,R MAY-01-2001 S ADDED AS A CHIEF CO-SPONSOR HENDON MAY-08-2001 S AMENDMENT NO. 01-INS & PENS. S MAY-08-2001 S ADOPTED MAY-08-2001 S DO PASS AS AMENDED 010-000-000 SINS MAY-08-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-05-09 MAY-15-2001 S FILED WITH SECRETARY MAY-15-2001 S AMENDMENT NO. 02-MADIGAN,R MAY-15-2001 S AMENDMENT REFERRED TO SRUL MAY-15-2001 S SECOND READING MAY-15-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-05-16 MAY-15-2001 S AMENDMENT NO. 02-MADIGAN,R MAY-15-2001 S RULES REFERS TO SINS MAY-16-2001 S AMENDMENT NO. 02-MADIGAN,R MAY-16-2001 S BE APPROVED FOR CONSIDERATION SINS/008-000-000 MAY-16-2001 S RECALLED TO SECOND READING MAY-16-2001 S AMENDMENT NO. 02-MADIGAN,R MAY-16-2001 S ADOPTED MAY-16-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-05-17 MAY-16-2001 S FILED WITH SECRETARY MAY-16-2001 S AMENDMENT NO. 03-MADIGAN,R MAY-16-2001 S AMENDMENT REFERRED TO SRUL MAY-17-2001 S AMENDMENT NO. 03-MADIGAN,R MAY-17-2001 S BE APPROVED FOR CONSIDERATION SRUL MAY-17-2001 S RECALLED TO SECOND READING MAY-17-2001 S AMENDMENT NO. 03-MADIGAN,R MAY-17-2001 S ADOPTED MAY-17-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-05-18 MAY-18-2001 S ADDED AS A CO-SPONSOR DELEO MAY-18-2001 S ADDED AS A CO-SPONSOR WELCH MAY-18-2001 S ADDED AS A CO-SPONSOR DEMUZIO MAY-18-2001 S ADDED AS A CO-SPONSOR TROTTER MAY-18-2001 S ADDED AS A CO-SPONSOR JACOBS MAY-18-2001 S ADDED AS A CO-SPONSOR DEL VALLE MAY-18-2001 S ADDED AS A CO-SPONSOR SHAW MAY-18-2001 S ADDED AS A CO-SPONSOR LINK MAY-18-2001 S ADDED AS A CO-SPONSOR RONEN MAY-18-2001 S ADDED AS A CO-SPONSOR MADIGAN,L MAY-18-2001 S ADDED AS A CO-SPONSOR SILVERSTEIN MAY-18-2001 S ADDED AS A CO-SPONSOR CLAYBORNE MAY-18-2001 S ADDED AS A CO-SPONSOR VIVERITO MAY-18-2001 S ADDED AS A CO-SPONSOR SHADID MAY-18-2001 S ADDED AS A CO-SPONSOR LIGHTFORD MAY-18-2001 S ADDED AS A CO-SPONSOR HALVORSON MAY-18-2001 S THIRD READING - PASSED 057-000-000 MAY-18-2001 H ARRIVE IN HOUSE MAY-18-2001 H PLACED ON CALENDAR ORDER OF CONCURRENCE 01,02,03 MAY-21-2001 H MOTION FILED NON-CONCUR #1/01,02,03/OSMOND MAY-21-2001 H CALENDAR ORDER OF CONCURRENCE 01,02,03 MAY-22-2001 H MOTION FILED CONCUR #2/01,02,03/OSMOND MAY-22-2001 H MOTION REFERRED TO HRUL MAY-22-2001 H CALENDAR ORDER OF CONCURRENCE 01,02,03 MAY-29-2001 H MOTION TO CONCUR REFERRED TO HINS MAY-29-2001 H CALENDAR ORDER OF CONCURRENCE 01,02,03 MAY-30-2001 H MOTION TO CONCUR SA 1,2,3 MAY-30-2001 H RECOMMENDS BE ADOPTED HINS/009-000-000 MAY-30-2001 H HSE CONCURS IN SEN AMENDMENTS (NO.) 1,2,3/117-000-000 MAY-30-2001 H PASSED BOTH HOUSES JUN-28-2001 H SENT TO THE GOVERNOR AUG-23-2001 H GOVERNOR APPROVED AUG-23-2001 H EFFECTIVE DATE 01-10-01 AUG-23-2001 H PUBLIC ACT.............................. 92-0480 END OF INQUIRY Full Text Bill Summary