INS PROPERTY/CASUALTY-TECH House SponsorsRep. Frank J. Mautino Senate Sponsors(Sen. John J. Cullerton) 1/11/2005HouseSession Sine Die 215 ILCS 5/126.21 Amends the Illinois Insurance Code. Makes a technical change in a Section relating to property and casualty insurers.Senate Floor Amendment No. 1 Deletes reference to:215 ILCS 5/126.21Adds reference to:215 ILCS 5/155.42 newReplaces everything after the enacting clause. Amends the Illinois Insurance Code. Provides that an insurer that amends, delivers, issues, or renews a policy of automobile insurance must arbitrate and settle all motor vehicle physical damage claims between the insurer and another insurer in accordance with an automobile subrogation program sponsored by the intercompany arbitration organization chosen by the insurer. Provides that any arbitration decision shall be binding for the amount of damages not exceeding $5,000. Effective immediately.Senate Floor Amendment No. 2 Adds reference to:215 ILCS 5/209from Ch. 73, par. 821Further amends the Illinois Insurance Code. Provides that a proof of claim upon the liquidation, rehabilitation, or conservation of a company must identify a known loss or occurrence (rather than a particular claim). Provides that the claim may be allowed by estimation. Provides that specified contingent or unliquidated general creditors' and ceding insurers' claims may (rather than shall) be determined and allowed by estimation. Provides that the estimation and allowance of the loss development on a known loss or occurrence shall trigger a reinsurer's obligation to pay pursuant to its reinsurance contract with the insolvent company. Provides that that portion of any estimated and allowed contingent claim that is attributable to claims incurred but not reported to the insolvent company's reinsured shall not be billable to the insolvent company's reinsurers. Provides that the liquidator may negotiate a voluntary commutation and release of all obligations arising from reinsurance contracts or other agreements. Provides that the changes made in these provisions by the amendatory Act do not apply to any company ordered into liquidation on or before January 1, 2004. 1/31/2003HouseFiled with the Clerk by Rep. Michael J. Madigan 1/31/2003HouseChief Co-Sponsor Rep. Barbara Flynn Currie 1/31/2003HouseChief Co-Sponsor Rep. Frank J. Mautino 1/31/2003HouseFirst Reading 1/31/2003HouseReferred to Rules Committee 2/4/2003HouseAssigned to Executive Committee 3/12/2003HouseDo Pass / Short Debate Executive Committee; 010-000-000 3/12/2003HousePlaced on Calendar 2nd Reading - Short Debate ** 3/31/2003HouseSecond Reading - Short Debate 3/31/2003HouseHeld on Calendar Order of Second Reading - Short Debate ** 4/2/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate ** 4/3/2003HouseThird Reading - Short Debate - Passed 069-044-004 4/8/2003SenateArrive in Senate 4/8/2003SenatePlaced on Calendar Order of First Reading April 9, 2003 4/8/2003SenateChief Senate Sponsor Sen. Emil Jones, Jr. 4/8/2003SenateFirst Reading 4/8/2003SenateReferred to Rules 4/16/2003SenateAssigned to Executive 5/1/2003SenateDo Pass Executive; 007-004-000 5/1/2003SenatePlaced on Calendar Order of 2nd Reading May 6, 2003 5/6/2003SenateSecond Reading 5/6/2003SenatePlaced on Calendar Order of 3rd Reading May 7, 2003 5/16/2003SenateThird Reading Deadline Extended - Rule 2-10, to December 31, 2003. 7/1/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 5/11/2004SenateAlternate Chief Sponsor Changed to Sen. John J. Cullerton 5/11/2004SenateApproved for Consideration Rules 5/11/2004SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton 5/11/2004SenateSenate Floor Amendment No. 1 Referred to Rules 5/11/2004SenatePlaced on Calendar Order of 3rd Reading May 12, 2004 5/11/2004SenateSenate Floor Amendment No. 1 Rules Refers to Insurance & Pensions 5/11/2004SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Bill Brady; -Jacobs 5/11/2004SenateSenate Floor Amendment No. 2 Referred to Rules 5/12/2004SenateSenate Floor Amendment No. 1 Be Approved for Consideration Insurance & Pensions; 008-000-000 5/12/2004SenateRecalled to Second Reading 5/12/2004SenateSenate Floor Amendment No. 1 Adopted; Cullerton 5/12/2004SenatePlaced on Calendar Order of 3rd Reading May 13, 2004 5/13/2004SenateThird Reading Deadline Extended - Rule 2-10, extended to January 11, 2005. 5/18/2004SenateSenate Floor Amendment No. 2 Rules Refers to Insurance & Pensions 5/18/2004SenateSenate Floor Amendment No. 2 Be Adopted Insurance & Pensions; 010-000-000 5/18/2004SenateRecalled to Second Reading 5/18/2004SenateSenate Floor Amendment No. 2 Adopted; Brady-Jacobs 5/18/2004SenatePlaced on Calendar Order of 3rd Reading 5/18/2004SenateThird Reading - Passed; 055-001-000 5/19/2004HouseArrived in House 5/19/2004HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1,2 5/24/2004HouseSponsor Removed Rep. Barbara Flynn Currie 5/25/2004HouseChief Sponsor Changed to Rep. Frank J. Mautino 5/25/2004HouseSponsor Removed Rep. Frank J. Mautino 5/25/2004HouseSenate Floor Amendment No. 1 Motion Filed Concur Rep. Frank J. Mautino 5/25/2004HouseSenate Floor Amendment No. 2 Motion Filed Concur Rep. Frank J. Mautino 5/25/2004HouseSenate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee 5/25/2004HouseSenate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee 5/25/2004HouseSenate Floor Amendment No. 1 Motion to Concur Rules Referred to Insurance Committee 5/25/2004HouseSenate Floor Amendment No. 2 Motion to Concur Rules Referred to Insurance Committee 5/26/2004HouseSenate Floor Amendment No. 1 Motion Filed Non-Concur Rep. Frank J. Mautino; Motion #2 5/26/2004HouseSenate Floor Amendment No. 2 Motion Filed Concur Rep. Frank J. Mautino; Motion #3 5/26/2004HouseSenate Floor Amendment No. 2 Motion to Concur Referred to Insurance Committee; Motion #3 5/27/2004HouseSenate Floor Amendment No. 2 Motion to Concur Recommends be Adopted Insurance Committee; 012-000-000 5/27/2004HouseSenate Floor Amendment No. 1 House Non-Concurs by Voice Vote 5/27/2004HouseMotion to Reconsider Vote - Prevails by Voice Vote 6/1/2004HouseSenate Floor Amendment No. 1 Motion to Concur Re-Referred to Rules Committee 6/1/2004HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005HouseSession Sine Die