215 ILCS 5/500-5 new
215 ILCS 5/500-10 new
215 ILCS 5/500-15 new
215 ILCS 5/500-20 new
215 ILCS 5/500-25 new
215 ILCS 5/500-30 new
215 ILCS 5/500-35 new
215 ILCS 5/500-40 new
215 ILCS 5/500-45 new
215 ILCS 5/500-50 new
215 ILCS 5/500-55 new
215 ILCS 5/500-60 new
215 ILCS 5/500-65 new
215 ILCS 5/500-70 new
215 ILCS 5/500-75 new
215 ILCS 5/500-80 new
215 ILCS 5/500-85 new
215 ILCS 5/500-90 new
215 ILCS 5/500-95 new
215 ILCS 5/500-100 new
215 ILCS 5/500-105 new
215 ILCS 5/500-110 new
215 ILCS 5/500-115 new
215 ILCS 5/500-120 new
215 ILCS 5/500-125 new
215 ILCS 5/500-130 new
215 ILCS 5/500-135 new
215 ILCS 5/500-140 new
215 ILCS 5/500-145 new
215 ILCS 5/500-150 new
215 ILCS 5/490.1 rep.
215 ILCS 5/491.1 rep.
215 ILCS 5/492.2 rep.
215 ILCS 5/493.2 rep.
215 ILCS 5/494.1 rep.
215 ILCS 5/494.2 rep.
215 ILCS 5/495.1 rep.
215 ILCS 5/495.2 rep.
215 ILCS 5/496.2 rep.
215 ILCS 5/497.1 rep.
215 ILCS 5/498.1 rep.
215 ILCS 5/499.1 rep.
215 ILCS 5/500.1 rep.
215 ILCS 5/501.2 rep.
215 ILCS 5/502.2 rep.
215 ILCS 5/503.1 rep.
215 ILCS 5/504 rep.
215 ILCS 5/504.1 rep.
215 ILCS 5/505.1 rep.
215 ILCS 5/505.2 rep.
215 ILCS 5/506.1 rep.
215 ILCS 5/507.1 rep.
215 ILCS 5/508.1 rep.
215 ILCS 5/508.2 rep.
215 ILCS 5/509.1 rep.
215 ILCS 5/510.2 rep.
215 ILCS 5/511.1 rep.
Amends the Illinois Insurance Code. Provides for the licensing
and regulation of insurance producers. Sets forth the powers of the
Department of Insurance with respect to enforcement and disciplinary
proceedings. Establishes fees for licenses and applications. Provides
for the licensing of persons engaged in providing continuing education
materials. Provides for reciprocity with respect to insurance
producers licensed in other jurisdictions. Effective January 1, 2002.
HOUSE AMENDMENT NO. 1.
Provides that no liability shall arise as a result of disclosure
to or by the Director of Insurance or other regulatory organization of
information regarding termination of employment of an insurance
producer. Removes provision that an absence of actual malice is
necessary to preclude liability.
HOUSE AMENDMENT NO. 2.
Adds reference to:
215 ILCS 5/445 from Ch. 73, par. 1057
Amends the Illinois Insurance Code. Provides that surplus lines
producers must complete a prelicensing course of study rather than
pass an examination before obtaining a license as a surplus lines
HOUSE AMENDMENT NO. 3.
Provides that notice to an insured regarding compensation of a
producer needs to include an acknowledgement signed by the insured
only when the compensation exceeds 10% of the premium. Provides for
prorated refunds of the compensation if a policy is cancelled.
SENATE AMENDMENT NO. 1.
Provides that if a policy or contract is canceled within the
first half of its term, rather than at any time, the producer must
return to the insured at a prorated amount any compensation or service
fee the producer received on the contract or policy. Provides that
failure to report the termination of a business relationship between
an insurer and a producer based upon cause that is a basis for
disciplinary action may be punished by the imposition of a civil
penalty or by suspension or revocation of any license or certificate
FEB-27-2001 H FILED WITH CLERK
FEB-27-2001 H FIRST READING
FEB-27-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES
FEB-28-2001 H ASSIGNED TO COMMITTEE INSURANCE
MAR-14-2001 H AMENDMENT NO. 01-INSURANCE H
MAR-14-2001 H ADOPTED
MAR-14-2001 H AMENDMENT NO. 02-INSURANCE H
MAR-14-2001 H ADOPTED
MAR-14-2001 H AMENDMENT NO. 03-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-20-2001 H SECOND READING-SHORT DEBATE
MAR-20-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE
MAR-21-2001 H THIRD READING/SHORT DEBATE/PASSED 116-000-000
MAR-21-2001 H ADDED AS A JOINT SPONSOR BLACK
MAR-21-2001 H ADDED AS A JOINT SPONSOR OSMOND
MAR-21-2001 H ADDED AS A JOINT SPONSOR MAUTINO
MAR-22-2001 S ARRIVE IN SENATE
MAR-22-2001 S PLACED CALENDAR ORDER OF FIRST READING 01-03-27
MAR-22-2001 S CHIEF SPONSOR MADIGAN,R
MAR-22-2001 S FIRST READING
MAR-22-2001 S REFERRED TO SENATE RULES COMMITTEE RULES
APR-06-2001 S ASSIGNED TO COMMITTEE INS & PENS.
APR-24-2001 S AMENDMENT NO. 01-INS & PENS. S
APR-24-2001 S ADOPTED
APR-24-2001 S DO PASS AS AMENDED 010-000-000 SINS
APR-24-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-04-25
APR-25-2001 S SECOND READING
APR-25-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-04-26
MAY-03-2001 S THIRD READING - PASSED 056-000-000
MAY-03-2001 H ARRIVE IN HOUSE
MAY-03-2001 H PLACED ON CALENDAR ORDER OF CONCURRENCE 01
MAY-15-2001 H MOTION FILED CONCUR 01/PARKE
MAY-15-2001 H MOTION REFERRED TO HRUL
MAY-15-2001 H CALENDAR ORDER OF CONCURRENCE 01
MAY-21-2001 H MOTION TO CONCUR SA #1
MAY-21-2001 H RECOMMENDS BE ADOPTED HRUL
MAY-21-2001 H CALENDAR ORDER OF CONCURRENCE 01
MAY-22-2001 H HSE CONCURS IN SEN AMENDMENTS (NO.) 01/115-000-000
MAY-22-2001 H PASSED BOTH HOUSES
JUN-20-2001 H SENT TO THE GOVERNOR
AUG-16-2001 H GOVERNOR APPROVED
AUG-16-2001 H EFFECTIVE DATE 02-01-01
AUG-16-2001 H PUBLIC ACT.............................. 92-0386
END OF INQUIRY
Full Text Bill Summary