WALSH,T-JACOBS-WALSH,L AND HENDON. (MAUTINO-YARBROUGH) 215 ILCS 5/507.2 new Amends the Illinois Insurance Code. Provides that policyholders and their insurance producers have exclusive rights to confidential information of an insured relating to the insured and the insured's insurance policy. Prohibits use of that information, commonly known as "expirations", by persons other than the insurance producer for purposes of marketing insurance or other products. Does not apply to life and health insurance or when the producer acts under an exclusive contract with the insurer or when the insured makes written requests for additional insurance sales. Provides for enforcement by the Director of Insurance. Effective immediately. SENATE AMENDMENT NO. 1. Provides that the expirations are owned by the registered firm rather than the insurance producer. Provides an exception from the ownership of expirations rules for situations where producers act primarily for one company or affiliated group of companies and defines the term "primarily". Deletes provision granting producers a right to claim for lost commissions and other relief for violations. SENATE AMENDMENT NO. 3. Deletes reference to: 215 ILCS 5/507.new Adds reference to: 215 ILCS 5/507.2 new Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Provides that policyholders and the registered firms who sold the policy have exclusive rights to confidential information of an insured relating to the insured and the insured's insurance policy. Prohibits use of that information, commonly known as "expirations", by persons or entities other than the registered firm for purposes of marketing insurance or other products. Provides exceptions for banks and other financial institutions. Does not apply to life and health insurance or when the producer acts primarily for one company or an affiliated group of companies or when the insured makes written requests for additional insurance sales. Deletes provision granting producers a right to claim for lost commissions and other relief for violations. Effective immediately. HOUSE AMENDMENT NO. 1. Provides that financial institutions may obtain expiration dates from insurers and others with respect to insurance on collateral used as security for a loan made by the financial institution. FEB-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-20-2001 S ADDED AS A CHIEF CO-SPONSOR JACOBS FEB-21-2001 S ASSIGNED TO COMMITTEE INS & PENS. MAR-05-2001 S ADDED AS A CO-SPONSOR HENDON MAR-06-2001 S AMENDMENT NO. 01-INS & PENS. S MAR-06-2001 S ADOPTED MAR-06-2001 S DO PASS AS AMENDED 010-000-000 SINS MAR-06-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-03-07 MAR-22-2001 S FILED WITH SECRETARY MAR-22-2001 S AMENDMENT NO. 02-WALSH,T MAR-22-2001 S AMENDMENT REFERRED TO SRUL MAR-28-2001 S FILED WITH SECRETARY MAR-28-2001 S AMENDMENT NO. 03-WALSH,T MAR-28-2001 S AMENDMENT REFERRED TO SRUL MAR-29-2001 S AMENDMENT NO. 03-WALSH,T MAR-29-2001 S RULES REFERS TO SINS MAR-29-2001 S ADDED AS A CHIEF CO-SPONSOR WALSH,L APR-03-2001 S SECOND READING APR-03-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-04-04 APR-05-2001 S AMENDMENT NO. 03-WALSH,T APR-05-2001 S BE APPROVED FOR CONSIDERATION SINS/006-000-000 APR-05-2001 S RECALLED TO SECOND READING APR-05-2001 S AMENDMENT NO. 03-WALSH,T APR-05-2001 S ADOPTED APR-05-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-04-06 APR-05-2001 S THIRD READING - PASSED 056-000-001 APR-05-2001 S TABLED PURSUANT TO RULE 5-4(A) SA 02 APR-05-2001 S THIRD READING - PASSED 056-000-001 APR-05-2001 H ARRIVE IN HOUSE APR-05-2001 H HOUSE SPONSOR MAUTINO APR-05-2001 H FIRST READING APR-05-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES APR-06-2001 H ASSIGNED TO COMMITTEE INSURANCE APR-25-2001 H DO PASS/SHORT DEBATE 010-000-000 HINS APR-25-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE APR-25-2001 H ADDED AS A JOINT SPONSOR YARBROUGH APR-26-2001 H AMENDMENT NO. 01-MAUTINO APR-26-2001 H AMENDMENT REFERRED TO HRUL APR-26-2001 H CALENDAR ORDER 2ND READING-SHORT DEBATE APR-26-2001 H SECOND READING-SHORT DEBATE APR-26-2001 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE MAY-09-2001 H AMENDMENT NO. 01-MAUTINO MAY-09-2001 H RECOMMENDS BE ADOPTED HRUL/003-000-000 MAY-09-2001 H AMENDMENT NO. 01-MAUTINO MAY-09-2001 H ADOPTED MAY-09-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAY-10-2001 H THIRD READING/SHORT DEBATE/PASSED 113-000-000 MAY-10-2001 S SECRETARYS DESK - CONCURRENCE 01 MAY-16-2001 S FILED WITH SECRETARY MAY-16-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/WALSH,T MAY-16-2001 S MOTION REFERRED TO SRUL MAY-18-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/WALSH,T MAY-18-2001 S RULES REFERS TO SINS MAY-22-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/WALSH,T MAY-22-2001 S BE APPROVED FOR CONSIDERATION SINS/009-000-000 MAY-22-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/WALSH,T MAY-22-2001 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01/056-000-001 MAY-22-2001 S PASSED BOTH HOUSES MAY-30-2001 S SENT TO THE GOVERNOR JUN-01-2001 S GOVERNOR APPROVED JUN-01-2001 S EFFECTIVE DATE 01-06-01 JUN-01-2001 S PUBLIC ACT.............................. 92-0005 END OF INQUIRY Full Text Bill Summary