100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
Introduced 2/8/2018, by Sen. James F. Clayborne, Jr.
SYNOPSIS AS INTRODUCED:
Amends the Illinois Insurance Code. Requires every insurance company
authorized to do business in this State or accredited by this State with
assets of at least $100,000,000 to submit an annual report on its voluntary
supplier diversity program to the Department of Insurance. Sets forth
provisions on what the report must include and how and when the report must
be submitted. Provides that, for each report, the Department shall publish
the results on its Internet website for 5 years after submission. Requires
the Department to hold an annual insurance company supplier diversity
workshop in February of 2019 and every February thereafter to discuss the
reports with representatives of the insurance companies and vendors.
Provides that the Department shall prepare a template for voluntary
supplier diversity reports. Effective immediately.
A BILL FOR
|SB2623||LRB100 15603 SMS 30698 b|
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Insurance Code is amended by adding
Section 155.46 as follows:
(215 ILCS 5/155.46 new)
Insurance company supplier diversity report.
(a) Every company authorized to do business in this State
or accredited by this State with assets of at least
$100,000,000 shall submit a 2-page report on its voluntary
supplier diversity program to the Department. The report shall
set forth all of the following:
(1) The name, address, phone number, and e-mail address
of the point of contact for the supplier diversity program
(or the company's procurement program if there is no
supplier diversity program) for vendors to register with
(2) Local and State certifications the company accepts
or recognizes for minority-owned, women-owned, or
veteran-owned business status.
(3) On the second page, a narrative explaining the
results of the report and the tactics to be employed to
achieve the goals of its voluntary supplier diversity