Illinois Senate Bill 683 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on August 25 2017 - 100% progression
Action: 2017-08-25 - Public Act . . . . . . . . . 100-0410
Text: Latest bill text (Chaptered) [HTML]

Amends the Illinois Insurance Code. Provides that any contract with a third party to provide claim services for a property and casualty company must contain specified language that provides that upon liquidation or rehabilitation of the insurer, the files and related data become the sole property of the estate with the administrator having reasonable access and right to copy files; provides that the requirement shall apply to all contracts entered into after the effective date, and any existing contracts shall have one year to comply with the requirement. In provisions concerning the distribution of general assets of a company's estate that is undergoing liquidation, rehabilitation, or conservation proceedings: Prioritizes costs and expenses of administration, including the reasonable expenses of certain funds and associations, but excluding certain other expenses, and the expenses expressly approved or ratified by the Director of Insurance as liquidator or rehabilitator, including specified costs and expenses, over all other claims. Provides that claims of obligees under surety bonds and undertakings, claims by principals under surety bonds and surety undertakings for wrongful dissipation of collateral by the insurer or its agents, and claims incurred during certain extensions of coverage are granted the same priority level as claims by policyholders, beneficiaries, and insureds, under insurance policies, annuity contracts, and funding agreements. Provides that these changes apply to all pending and future liquidation, rehabilitation, or conservation proceedings. Makes other changes. Effective immediately.

INS CD-LIQUIDATION

Sen. John Mulroe [D]

Rep. Robert Rita [D]

Rep. Daniel Burke [D]

2017-05-30 - House - Third Reading in House (Y: 115 N: 0 NV: 1 Abs: 1) [PASS]
2017-04-25 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]

Date	Chamber	Action
2017-08-25	Senate	Public Act . . . . . . . . . 100-0410
2017-08-25	Senate	Effective Date August 25, 2017
2017-08-25	Senate	Governor Approved
2017-06-28	Senate	Sent to the Governor
2017-05-30	Senate	Passed Both Houses
2017-05-30	House	Third Reading - Short Debate - Passed 115-000-000
2017-05-26	House	Final Action Deadline Extended-9(b) May 31, 2017
2017-05-24	House	Placed on Calendar Order of 3rd Reading - Short Debate
2017-05-24	House	Second Reading - Short Debate
2017-05-23	House	Added Alternate Co-Sponsor Rep. Daniel J. Burke
2017-05-23	House	Placed on Calendar 2nd Reading - Short Debate
2017-05-23	House	Do Pass / Short Debate Insurance: Property & Casualty Committee; 010-000-000
2017-05-19	House	Committee Deadline Extended-Rule 9(b) May 26, 2017
2017-05-16	House	Re-assigned to Insurance: Property & Casualty Committee
2017-05-09	House	Assigned to Executive Committee
2017-04-25	House	Referred to Rules Committee
2017-04-25	House	First Reading
2017-04-25	House	Chief House Sponsor Rep. Robert Rita
2017-04-25	House	Arrived in House
2017-04-25	Senate	Third Reading - Passed; 057-000-000
2017-03-30	Senate	Placed on Calendar Order of 3rd Reading April 4, 2017
2017-03-30	Senate	Second Reading
2017-03-16	Senate	Placed on Calendar Order of 2nd Reading March 28, 2017
2017-03-16	Senate	Do Pass Insurance; 010-000-000
2017-02-01	Senate	Assigned to Insurance
2017-01-25	Senate	Referred to Assignments
2017-01-25	Senate	First Reading
2017-01-25	Senate	Filed with Secretary by Sen. John G. Mulroe

Chapter	Article	Section	Citation Type	Statute Text
215	5	141b	New Code	See Bill Text
215	5	205	Amended Code	Citation Text
215	5	545	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=683&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB0683.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB0683eng.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB0683enr.htm
Text	https://www.ilga.gov/legislation/publicacts/100/100-0410.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000SB0683_04252017_014000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000SB0683_05302017_064000T.pdf