Bill Status of SB3826 97th General Assembly
Short Description: INSURANCE-TECH
Sen. Kwame Raoul
| 1/8/2013||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Insurance Code in the Article concerning workers' compensation and employer's liability insurance rates. Creates the Illinois Compensation Rating Bureau as a quasi-governmental entity. In the provisions concerning rate filings, disapproval of filings, appeal by minority, information that is to be furnished to insureds and hearings and appeals of insureds, and advisory organizations, replaces references of licensed rating organizations with that of the Illinois Compensation Rating Bureau. Provides that the Director of Insurance shall have oversight over the Bureau only as established by law. Provides that every insurer that writes, amends, delivers, issues, or renews any policy of insurance specified under the Article concerning workers' compensation and employer's liability insurance rates has membership in the Bureau. Sets forth the purposes of the Bureau. Provides that the Bureau shall be governed by the Rating Committee. Provides that the Rating Committee shall establish bylaws for the operation of the Bureau which, with amendments thereto, shall be filed with and approved by the Director before they are effective. Deletes certain provisions concerning filings and cooperation among rating organizations and sets forth provisions concerning membership, services, and the furnishing of information.
Senate Committee Amendment No. 1
Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the short title.
|Date||Chamber|| Action|| 2/10/2012||Senate||Filed with Secretary by Sen. Kwame Raoul|| 2/10/2012||Senate||First Reading|| 2/10/2012||Senate||Referred to Assignments|| 2/24/2012||Senate||Assigned to Labor|| 3/7/2012||Senate||Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kwame Raoul|| 3/7/2012||Senate||Senate Committee Amendment No. 1 Referred to Assignments|| 3/7/2012||Senate||Senate Committee Amendment No. 1 Assignments Refers to Labor|| 3/7/2012||Senate||Senate Committee Amendment No. 1 Adopted|| 3/8/2012||Senate||Do Pass as Amended Labor; 006-000-000|| 3/8/2012||Senate||Placed on Calendar Order of 2nd Reading March 21, 2012|| 3/28/2012||Senate||Second Reading|| 3/28/2012||Senate||Placed on Calendar Order of 3rd Reading March 29, 2012|| 5/2/2012||Senate||Re-referred to Assignments|| 1/8/2013||Senate||Session Sine Die|