Bill Title: 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 $100,000,000 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 2019 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.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Failed) 2019-01-09 - Session Sine Die [SB2623 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator John Cullerton [D]	Primary	Sponsored Bills	SD-006	FollowTheMoney	Ballotpedia	VoteSmart
Senator Cristina Castro [D]	Cosponsor	Sponsored Bills	SD-022	FollowTheMoney	Ballotpedia	VoteSmart
Senator Omar Aquino [D]	Cosponsor	Sponsored Bills	SD-002	FollowTheMoney	Ballotpedia	VoteSmart

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