SB0809sam001 100TH GENERAL ASSEMBLY

Sen. Martin A. Sandoval

Filed: 3/10/2017

10000SB0809sam001 LRB100 09398 SMS 22902 a

AMENDMENT TO SENATE BILL 809

AMENDMENT NO. ______. Amend Senate Bill 809 by replacing everything after the enacting clause with the following:

"Section 5. The Illinois Insurance Code is amended by adding Section 155.46 as follows:

(215 ILCS 5/155.46 new)

Sec. 155.46. 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 the program.

(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 program.

(4) The voluntary goals, if any, for the calendar year for which the report is made in each category for the entire budget of the company and the commodity codes or a description of particular goods and services for the area of procurement in which the company expects most of those goals to focus on in that year.

Each company is required to submit a searchable .pdf report to the Department on or before November 15, 2018, and on or before November 15 every year thereafter, for the upcoming calendar year.

(b) For each report submitted under subsection (a) of this Section, the Department shall publish the results on its Internet website for 5 years after submission. The Department is not responsible for collecting the reports or for the content of the reports.

(c) The Department shall hold an annual insurance company supplier diversity workshop in February of 2019 and every February thereafter to discuss the reports with representatives of the companies and vendors.

(d) The Department shall prepare a one-page template (not including the narrative section) for the voluntary supplier diversity reports.

(e) The Department may adopt such rules as it deems necessary to implement this Section.

Section 99. Effective date. This Act takes effect upon becoming law.".