92nd General Assembly
Status of HB3346
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 Full Text  Bill Summary

   215 ILCS 5/155.37 new                                                       

        Amends the Illinois Insurance Code. Creates the Holocaust Victims      
   Insurance Law. Requires the Department of  Insurance  to  establish  a      
   toll-free  telephone  number  to  assist  persons  seeking recovery of      
   proceeds of an insurance policy issued to a Holocaust victim. Provides      
   that insurers must expeditiously  investigate  claims  under  policies      
   issued  to  Holocaust victims and allow claimants to meet a reasonable      
   standard of proof pursuant to standards established by the Department.      
   Requires  insurers  to  allow  claims  irrespective  of   statute   of      
   limitations  and  notice  requirements if the claim is filed within 10      
   years after the effective date of this amendatory  Act.  Authorizes  a      
   private  right  of action for damages caused by violations of the Law.      
   Requires the Department to report to the  General  Assembly  regarding      
   insurers  in  this  State  that  have  a  legal  relationship  with an      
   international insurer that could have issued a policy to  a  Holocaust      
   victim and claims related to Holocaust victims.                             
          FISCAL NOTE (Department of Insurance)                                
          The Department estimates that the costs associated with estab-       
          lishing a toll-free hotline would be approximately $600 annu-        
          ally, including obtaining a new toll-free number, monthly phone      
          charges, installation of the toll-free line, as well as instal-      
          lation and monthly charges associated with listing the number        
          in a directory. In addition to these charges, there would be a       
          cost associated with every incoming call received by the De-         
          partment. The Department cannot estimate how many calls would        
          be made to this hotline, and therefore, the Department cannot        
          determine the cost of these calls.                                   
        HOUSE AMENDMENT NO. 1.                                                 
        Deletes  provision  requiring  the  Department  of  Insurance  to      
   operate  the  toll-free  telephone  number  in   multiple   languages.      
   Requires  an  insurance  company  to  ascertain whether it has a legal      
   relationship to an international insurer that is a legal successor  to      
   an  international  insurer that issued a policy to a Holocaust victim.      
   Provides that insurers  can  comply  with  the  requirements  of  this      
   amendatory  Act  by  demonstrating  compliance  with  an international      
   commission on insurance claims by Holocaust victims.                        
   MAR-05-2001  H  FILED WITH CLERK                                               
   MAR-05-2001  H  FIRST READING                                                  
   MAR-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   MAR-06-2001  H       ASSIGNED TO COMMITTEE               INSURANCE             
   MAR-07-2001  H  ADDED AS A JOINT SPONSOR                 FEIGENHOLTZ           
   MAR-07-2001  H  ADDED AS A JOINT SPONSOR                 LANG                  
   MAR-08-2001  H       RE-ASSIGNED TO COMMITTEE            JUD-CIVIL LAW         
   MAR-15-2001  H  DO PASS/SHORT DEBATE                     013-000-000   HJUA    
   MAR-15-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAR-21-2001  H                         FISCAL NOTE FILED                       
   MAR-21-2001  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   MAR-23-2001  H                             AMENDMENT NO. 01-HAMOS              
   MAR-23-2001  H                     AMENDMENT REFERRED TO HRUL                  
   MAR-23-2001  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   MAR-26-2001  H                             AMENDMENT NO. 01-HAMOS              
   MAR-26-2001  H  RECOMMENDS BE ADOPTED                    HRUL/004-000-000      
   MAR-26-2001  H  SECOND READING-SHORT DEBATE                                    
   MAR-26-2001  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   MAR-26-2001  H  ADDED AS A JOINT SPONSOR                 DART                  
   MAR-26-2001  H  ADDED AS A JOINT SPONSOR                 SCHOENBERG            
   MAR-28-2001  H                             AMENDMENT NO. 01-HAMOS              
   MAR-28-2001  H                                   ADOPTED                       
   MAR-28-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   APR-06-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


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