Antonio Muñoz
- Democratic
Amends the Illinois Insurance Code in provisions concerning credit allowed a domestic ceding insurer. Provides that the assuming insurer shall provide or make certain information to be reported to the Director of Insurance available to the ceding insurer and that the assuming insurer may decline to release trade secrets or commercially sensitive information that would qualify as exempt from disclosure under the Freedom of Information Act. With regard to an assuming insurer's trust fund, provides that not later than February 28 of each year, the assuming insurer's chief executive officer or chief financial officer shall certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a trusteed surplus of not less than $20,000,000. Permits a reduction in the required trusteed surplus in specified circumstances. Provides that in the event that the provision concerning the reduction in the required trusteed surplus applies to the trust, the assuming insurer's chief executive officer or chief financial officer shall then certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a reduced trusteed surplus of not less than the amount that has been authorized by the regulatory authority having principal regulatory oversight of the trust. Makes changes to provisions concerning financial strength ratings. Sets forth provisions concerning downgrades by rating agencies, the Director's authority, upgrading the rating of a certified reinsurer, and the revocation of the certification of a certified reinsurer. Makes other changes.
Public Act . . . . . . . . . 100-1118
Effective Date February 1, 2019; Some provisions
Effective Date November 27, 2018; Some provisions
3/5 Vote Required
Amendatory Veto Overridden Both Houses
Override Amendatory Veto - House Passed 089-020-001
Motion Filed Override Amendatory Veto Rep. Jay Hoffman
Added Alternate Co-Sponsor Rep. Laura Fine
Placed on Calendar Amendatory Veto
Arrived in House
Override Amendatory Veto - Senate Passed 052-000-000
3/5 Vote Required
Motion Filed Override Amendatory Veto Sen. Antonio Muñoz
Placed on Calendar Amendatory Veto November 14, 2018
Governor Amendatory Veto
Sent to the Governor
Secretary's Desk - Concurrence House Amendment(s) 1, 2
Added Alternate Chief Co-Sponsor Rep. Michael D. Unes
Added Alternate Chief Co-Sponsor Rep. Norine K. Hammond
House Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman
House Floor Amendment No. 2 Referred to Rules Committee
House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
Added Alternate Chief Co-Sponsor Rep. Dan Brady
House Floor Amendment No. 1 Fiscal Note Filed as Amended
House Floor Amendment No. 1 Adopted
House Floor Amendment No. 2 Adopted
Placed on Calendar Order of 3rd Reading - Short Debate
Removed from Short Debate Status
Placed on Calendar Order of 3rd Reading - Standard Debate
Added Alternate Co-Sponsor Rep. Katie Stuart
Added Alternate Co-Sponsor Rep. LaToya Greenwood
Third Reading - Standard Debate - Passed 085-028-000
Added Alternate Chief Co-Sponsor Rep. Michael J. Zalewski
Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 31, 2018
House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Antonio Muñoz
House Floor Amendment No. 1 Motion to Concur Referred to Assignments
House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Antonio Muñoz
House Floor Amendment No. 2 Motion to Concur Referred to Assignments
House Floor Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
House Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Assignments
House Floor Amendment No. 1 Senate Concurs 042-005-000
House Floor Amendment No. 2 Senate Concurs 042-005-000
Senate Concurs
Passed Both Houses
House Floor Amendment No. 1 Recommends Be Adopted Labor & Commerce Committee; 017-010-000
House Floor Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
House Floor Amendment No. 1 Referred to Rules Committee
House Floor Amendment No. 1 Rules Refers to Labor & Commerce Committee
Do Pass / Short Debate Executive Committee; 011-000-000
Placed on Calendar 2nd Reading - Short Debate
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Assigned to Executive Committee
Final Action Deadline Extended-9(b) May 31, 2018
Motion Filed to Suspend Rule 21 Executive Committee; Rep. Barbara Flynn Currie
Motion to Suspend Rule 21 - Prevailed
Alternate Chief Sponsor Changed to Rep. Jay Hoffman
Rule 19(a) / Re-referred to Rules Committee
Final Action Deadline Extended-9(b) May 31, 2017
Committee Deadline Extended-Rule 9(b) May 26, 2017
Assigned to Executive Committee
Chief House Sponsor Rep. Michael J. Zalewski
Arrived in House
Third Reading - Passed; 057-000-000
First Reading
Referred to Rules Committee
Second Reading
Placed on Calendar Order of 3rd Reading April 25, 2017
Placed on Calendar Order of 2nd Reading March 14, 2017
Do Pass Insurance; 011-000-000
Assigned to Insurance
First Reading
Filed with Secretary by Sen. Antonio Muñoz
Referred to Assignments
Bill Text Versions | Format |
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Enrolled | HTML |
Engrossed | HTML |
Introduced | HTML |
Document | Format |
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Governor's Message | |
Public Act | |
House Amendment 002 | |
House Amendment 001 |
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