PETERSON. (BRADY-MAUTINO) 215 ILCS 5/86 from Ch. 73, par. 698 215 ILCS 5/98 from Ch. 73, par. 710 215 ILCS 5/102 from Ch. 73, par. 714 215 ILCS 5/103 from Ch. 73, par. 715 215 ILCS 5/144 from Ch. 73, par. 756 Amends the Illinois Insurance Code. Removes the limit on the amount of insurance a Lloyds may underwrite with respect to any single risk. Effective immediately. HOUSE AMENDMENT NO. 1. Adds reference to: 215 ILCS 5/35A-5 215 ILCS 5/35A-20 215 ILCS 5/35A-35 215 ILCS 5/107.06a from Ch. 73, par. 719.06a 215 ILCS 5/107.26 from Ch. 73, par. 719.26 215 ILCS 5/111 from Ch. 73, par. 723 215 ILCS 5/121-2.08 from Ch. 73, par. 733-2.08 215 ILCS 5/123C-1 from Ch. 73, par. 735C-1 215 ILCS 5/126.2 215 ILCS 5/143 from Ch. 73, par. 755 215 ILCS 5/445 from Ch. 73, par. 1057 215 ILCS 5/445a new 215 ILCS 5/3.1 rep. 215 ILCS 113/10 215 ILCS 113/15 215 ILCS 113/20 215 ILCS 113/25 215 ILCS 113/30 215 ILCS 113/40 215 ILCS 113/50 215 ILCS 113/56 new 215 ILCS 113/35 rep. 215 ILCS 113/55 rep. 215 ILCS 110/35 from Ch. 32, par. 690.35 215 ILCS 120/4 from Ch. 73, par. 1254 215 ILCS 120/12 from Ch. 73, par. 1262 215 ILCS 165/20 from Ch. 32, par. 614 Amends the Illinois Insurance Code in relation to the regulation of company finances. Revises the definition of "qualified business entity" with respect to lending arrangements by domestic captive companies. Invalidates possessory liens held by an attorney as a basis for withholding files or otherwise with respect to a company in rehabilitation or liquidation. Provides for the existence of domestic surplus lines insurers. Requires reports to the Director regarding fire insurance procured only from unauthorized insurers subject to tax under the Fire Investigation Act. Excludes limited syndicates organized as partnerships from certain provisions of the Illinois Insurance Code. Changes the name of the Illinois Insurance Exchange Immediate Access Security Association to the Immediate Access Security Association. Provides that the Association will pay insurance obligations on claims rather than liability based on claims. Amends the Dental Service Plan Act and the Voluntary Health Services Plans Act to limit certain contingent reserves to $1,500,000. Amends the Farm Mutual Insurance Company Act of 1986 to authorize additional investment opportunities. Amends the Employee Leasing Company Act. Provides that the Act applies to lessors of employees and insurers. Imposes record keeping requirements upon lessors of employees. Changes terminology for "employee leasing company" to "lessor" and "client company" to "lessee". Specifically grants the Department of Insurance rulemaking authority. Establishes specific grounds for revocation or denial of registration. Abolishes all criminal penalties. Effective immediately except that provisions amending the Farm Mutual Insurance Company Act take effect January 1, 1999. FISCAL NOTE, H-AM 1 (Dpt. Insurance) No fiscal impact on the Department. STATE MANDATES ACT FISCAL NOTE, H-AM 1 SB 1728 fails to create a State mandate. HOME RULE NOTE, H-AM 1 The bill fails to preempt home rule authority. 98-02-20 S FIRST READING 98-02-20 S REFERRED TO SENATE RULES COMMITTEE RULES 98-03-03 S ASSIGNED TO COMMITTEE INS & PENS. 98-03-10 S DO PASS 009-000-000 SINS 98-03-10 S PLACED ON CALENDAR ORDER OF 2ND READING 98-03-11 98-03-11 S SECOND READING 98-03-11 S PLACED ON CALENDAR ORDER OF 3RD READING 98-03-12 98-03-24 S THIRD READING - PASSED 052-000-001 98-03-24 H ARRIVE IN HOUSE 98-03-24 H PLACED CALENDAR ORDER OF FIRST READING 98-03-25 H HOUSE SPONSOR MAUTINO 98-03-25 H FIRST READING 98-03-25 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-04-22 H ALTERNATE PRIMARY SPONSOR CHANGED TO BRADY 98-04-22 H ADDED AS A JOINT SPONSOR MAUTINO 98-04-23 H ASSIGNED TO COMMITTEE INSURANCE 98-04-30 H AMENDMENT NO. 01-INSURANCE H 98-04-30 H ADOPTED 98-04-30 H DO PASS AMENDED/SHORT DEBATE 024-000-000 HINS 98-04-30 H PLACED CALENDAR 2ND READING-SHORT DEBATE 98-05-01 H FISCAL NOTE REQUESTED AS AMENDED CURRIE 98-05-01 H STATE MNDT FISCAL NOTE RQSTD AS AMENDED CURRIE 98-05-01 H HOME RULE NOTE REQUESTED AS AMENDED CURRIE 98-05-01 H CALENDAR ORDER 2ND READING-SHORT DEBATE 98-05-05 H FISCAL NOTE FILED AS AMENDED BY HOUSE AMEND #1 98-05-05 H CALENDAR ORDER 2ND READING-SHORT DEBATE 98-05-06 H STATE MNDT FISCAL NOTE FILED AS AMENDED BY HOUSE AMEND #1 98-05-06 H HOME RULE NOTE FILED AS AMENDED BY HOUSE AMEND #1 98-05-06 H SECOND READING-SHORT DEBATE 98-05-06 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-05-14 H THIRD READING/SHORT DEBATE/PASSED 116-000-000 98-05-15 S SECRETARYS DESK - CONCURRENCE 01 98-05-19 S FILED WITH SECRETARY 98-05-19 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PETERSON 98-05-19 S MOTION REFERRED TO SRUL 98-05-20 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PETERSON 98-05-20 S RULES REFERS TO SINS 98-05-21 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PETERSON 98-05-21 S BE ADOPTED SINS/007-000-000 98-05-21 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PETERSON 98-05-21 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01/058-000-000 98-05-21 S PASSED BOTH HOUSES 98-06-19 S SENT TO THE GOVERNOR 98-08-14 S GOVERNOR APPROVED 98-08-14 S EFFECTIVE DATE 98-08-14 98-08-14 S SOME PARTS 98-08-14 S EFFECTIVE DATE 99-01-01 98-08-14 S PUBLIC ACT.............................. 90-0794 END OF INQUIRY Full Text Bill Summary