Napoleon Harris
- Democratic
- Senator
- District 15
Primary
Amends the Comprehensive Health Insurance Plan Act. Makes a technical change in a Section concerning the short title. Senate Floor Amendment No. 1 Deletes reference to: 215 ILCS 105/1 Adds reference to: 215 ILCS 120/10 from Ch. 73, par. 1260 Replaces everything after the enacting clause. Amends the Farm Mutual Insurance Company Act of 1986. Provides that, until the date that is 5 years after the effective date of the amendatory Act, a farm mutual insurance company insuring against the perils of wind or hail must have and maintain adequate catastrophic reinsurance (instead of catastrophic reinsurance which limits the company's exposure on any one loss occurrence to 20% of its policyholders' surplus). Defines "adequate catastrophic reinsurance" as reinsurance in an amount no less than that required for a 500-year event, based on an actuarially sound catastrophe model that limits the company's exposure on any one loss occurrence to (i) 20% of its policyholders' surplus or (ii) an amount authorized by the Director of Insurance. Provides that a farm mutual insurance company must additionally have and maintain aggregate reinsurance coverage in an amount no less than that required for a 250-year event, based on an actuarially sound catastrophe model. Provides that the reinsurance permitted or required under the provisions must be provided by (i) a farm mutual insurance company, (ii) an insurance company authorized to write the kinds of insurance described in the Illinois Insurance Code pertaining to casualty, fidelity, surety, fire, marine, and other types of insurance, or (iii) a reinsurer and reinsurance program meeting the standards set forth in the Illinois Insurance Code that permit a domestic company to take credit for reinsurance. Requires a farm mutual insurance company converting from unlimited catastrophic reinsurance to adequate catastrophic reinsurance to provide notice of the change to policyholders in a form approved by the Director of Insurance. Provides that the provisions of the amendatory Act become inoperative on and after the date that is 5 years after the effective date of the amendatory Act. Effective immediately.
Public Act . . . . . . . . . 103-0566
Effective Date November 17, 2023
Governor Approved
Added as Co-Sponsor Sen. David Koehler
Added as Co-Sponsor Sen. Patrick J. Joyce
Sent to the Governor
Added Alternate Co-Sponsor Rep. Sue Scherer
Passed Both Houses
Added Alternate Co-Sponsor Rep. Randy E. Frese
Added Alternate Co-Sponsor Rep. Mary Gill
Added Alternate Co-Sponsor Rep. Stephanie A. Kifowit
Added Alternate Co-Sponsor Rep. Dan Ugaste
Added Alternate Co-Sponsor Rep. Brad Stephens
Added Alternate Co-Sponsor Rep. Michael J. Coffey, Jr.
Added Alternate Co-Sponsor Rep. Christopher "C.D." Davidsmeyer
Added Alternate Co-Sponsor Rep. John M. Cabello
Added Alternate Co-Sponsor Rep. Camille Y. Lilly
Added Alternate Co-Sponsor Rep. Michael J. Kelly
Added Alternate Co-Sponsor Rep. Abdelnasser Rashid
Added Alternate Co-Sponsor Rep. Amy Elik
Added Alternate Co-Sponsor Rep. Kevin Schmidt
Third Reading - Short Debate - Passed 114-000-000
Placed on Calendar Order of 3rd Reading - Short Debate
3/5 Vote Required
Added Alternate Co-Sponsor Rep. Charles Meier
Added Alternate Co-Sponsor Rep. Natalie A. Manley
Added Alternate Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Do Pass / Short Debate Insurance Committee; 012-000-000
Added Alternate Co-Sponsor Rep. Anne Stava-Murray
Added Alternate Co-Sponsor Rep. Lance Yednock
Added Alternate Co-Sponsor Rep. Jennifer Gong-Gershowitz
Added Alternate Co-Sponsor Rep. Dave Vella
Added Alternate Co-Sponsor Rep. Kelly M. Cassidy
Added Alternate Co-Sponsor Rep. Katie Stuart
Added Alternate Co-Sponsor Rep. Suzanne M. Ness
Added Alternate Co-Sponsor Rep. Fred Crespo
Added Alternate Co-Sponsor Rep. Dagmara Avelar
Alternate Co-Sponsor Removed Rep. Jay Hoffman
Added Alternate Co-Sponsor Rep. Tony M. McCombie
Added Alternate Chief Co-Sponsor Rep. Jay Hoffman
Added Alternate Co-Sponsor Rep. Travis Weaver
Added Alternate Co-Sponsor Rep. Lawrence "Larry" Walsh, Jr.
Added Alternate Chief Co-Sponsor Rep. Bob Morgan
Added Alternate Chief Co-Sponsor Rep. Jeff Keicher
Added Alternate Chief Co-Sponsor Rep. Rita Mayfield
Added Alternate Co-Sponsor Rep. Joe C. Sosnowski
Added Alternate Co-Sponsor Rep. Ryan Spain
Added Alternate Co-Sponsor Rep. Dan Swanson
Added Alternate Co-Sponsor Rep. Jonathan Carroll
Added Alternate Co-Sponsor Rep. Anthony DeLuca
Added Alternate Co-Sponsor Rep. Norine K. Hammond
Added Alternate Co-Sponsor Rep. Jay Hoffman
Referred to Rules Committee
First Reading
Assigned to Insurance Committee
Alternate Chief Sponsor Changed to Rep. Thaddeus Jones
Added as Chief Co-Sponsor Sen. Neil Anderson
Added as Co-Sponsor Sen. Rachel Ventura
Added as Co-Sponsor Sen. Jil Tracy
Added as Co-Sponsor Sen. Adriane Johnson
Chief House Sponsor Rep. Emanuel "Chris" Welch
Arrived in House
Added as Co-Sponsor Sen. Dale Fowler
Added as Co-Sponsor Sen. Jason Plummer
Added as Co-Sponsor Sen. Mary Edly-Allen
Added as Co-Sponsor Sen. Javier L. Cervantes
Added as Co-Sponsor Sen. Paul Faraci
Added as Co-Sponsor Sen. Sally J. Turner
Added as Co-Sponsor Sen. Linda Holmes
Added as Co-Sponsor Sen. Chapin Rose
Third Reading - Passed; 056-000-000
3/5 Vote Required
Placed on Calendar Order of 3rd Reading
Senate Floor Amendment No. 1 Adopted; Cunningham
Recalled to Second Reading
Added as Co-Sponsor Sen. Win Stoller
Added as Chief Co-Sponsor Sen. Bill Cunningham
Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 011-000-000
Senate Floor Amendment No. 1 Referred to Assignments
Added as Chief Co-Sponsor Sen. Michael W. Halpin
Added as Co-Sponsor Sen. John F. Curran
Added as Co-Sponsor Sen. Dan McConchie
Added as Co-Sponsor Sen. Doris Turner
Added as Co-Sponsor Sen. Andrew S. Chesney
Added as Co-Sponsor Sen. Sue Rezin
Senate Floor Amendment No. 1 Assignments Refers to Executive
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Napoleon Harris, III
Added as Co-Sponsor Sen. Dave Syverson
Chief Sponsor Changed to Sen. Napoleon Harris, III
Approved for Consideration Assignments
Placed on Calendar Order of 3rd Reading October 24, 2023
Rule 3-9(a) / Re-referred to Assignments
Placed on Calendar Order of 3rd Reading March 21, 2023
Second Reading
Do Pass Executive; 011-000-000
Placed on Calendar Order of 2nd Reading March 10, 2023
Assigned to Executive
Referred to Assignments
First Reading
Filed with Secretary by Sen. Don Harmon
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Engrossed | HTML PDF |
| Enrolled | HTML PDF |
| Senate Amendment 001 | HTML PDF |
| Document | Format |
|---|---|
| Public Act |
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