INS CD-FIN REG FUND Senate SponsorsSen. William R. Haine House Sponsors(Rep. JoAnn D. Osmond-Frank J. Mautino) 11/19/2010SenateBill Dead - Amendatory Veto 215 ILCS 5/408.3from Ch. 73, par. 1020.3Amends the Illinois Insurance Code. Deletes language that provides that moneys in the Insurance Financial Regulation Fund may be transferred to the Professions Indirect Cost Fund, as authorized under the Department of Professional Regulation Law of the Civil Administrative Code of Illinois.House Committee Amendment No. 1 Adds reference to:215 ILCS 5/224from Ch. 73, par. 836Further amends the Illinois Insurance Code. Makes changes to the standard provisions for life policies. Sets forth certain information that an insurer may require a beneficiary to provide. Provides that due proof of loss shall consist of information and documents necessary for the insurer to determine its liability, pay the proceeds, and be discharged from liability. Makes other changes.House Floor Amendment No. 2 Deletes the provisions concerning the items that an insurer may require a beneficiary to provide and provides instead that proof of death shall be in writing and establish (1) the fact and date of the insured's death, (2) the claimant's identity, and (3) the claimant's interest and the extent thereof. Provides that such proof includes information and documents necessary for the insurer to determine its liability, pay the claim in compliance with all laws and regulations, and be discharged from liability. Restores current law concerning the payment of interest to all policies.Governor Amendatory Veto Message Recommends that the provisions concerning proof of death and due proof of loss be deleted; proposes instead that a life insurance policy may require that due proof of the death of the insured shall consist of a certified copy of the death certificate of the insured or other lawful evidence and may require proof of the claimant's interest. Makes recommendations concerning the accruing of interest at the annual rate of 9% on the proceeds payable unless payment is made within 15 days after certain conditions occur. 1/28/2010SenateFiled with Secretary by Sen. William R. Haine 1/28/2010SenateFirst Reading 1/28/2010SenateReferred to Assignments 2/16/2010SenateAssigned to Insurance 2/24/2010SenateDo Pass Insurance; 011-000-000 2/24/2010SenatePlaced on Calendar Order of 2nd Reading February 25, 2010 3/9/2010SenateSecond Reading 3/9/2010SenatePlaced on Calendar Order of 3rd Reading March 10, 2010 3/10/2010SenateThird Reading - Passed; 054-000-000 3/11/2010HouseArrived in House 3/15/2010HouseChief House Sponsor Rep. JoAnn D. Osmond 3/15/2010HousePlaced on Calendar Order of First Reading 3/16/2010HouseFirst Reading 3/16/2010HouseReferred to Rules Committee 3/22/2010HouseAssigned to Insurance Committee 4/20/2010HouseHouse Committee Amendment No. 1 Filed with Clerk by Insurance Committee 4/20/2010HouseHouse Committee Amendment No. 1 Adopted in Insurance Committee; by Voice Vote 4/20/2010HouseDo Pass as Amended / Short Debate Insurance Committee; 015-003-000 4/21/2010HousePlaced on Calendar 2nd Reading - Short Debate 4/27/2010HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Frank J. Mautino 4/27/2010HouseHouse Floor Amendment No. 2 Referred to Rules Committee 4/28/2010HouseHouse Floor Amendment No. 2 Rules Refers to Insurance Committee 4/29/2010HouseHouse Floor Amendment No. 2 Recommends Be Adopted Insurance Committee; 016-000-000 4/29/2010HouseSecond Reading - Short Debate 4/29/2010HouseHouse Floor Amendment No. 2 Adopted by Voice Vote 4/29/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/30/2010HouseThird Reading - Short Debate - Passed 114-001-000 4/30/2010HouseAdded Alternate Chief Co-Sponsor Rep. Frank J. Mautino 4/30/2010SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2 4/30/2010SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 3, 2010 5/3/2010SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. William R. Haine 5/3/2010SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments 5/3/2010SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. William R. Haine 5/3/2010SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments 5/4/2010SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Insurance 5/4/2010SenateHouse Floor Amendment No. 2 Motion to Concur Assignments Referred to Insurance 5/4/2010SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Insurance; 008-000-000 5/4/2010SenateHouse Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Insurance; 008-000-000 5/4/2010SenateHouse Committee Amendment No. 1 Senate Concurs 055-000-000 5/4/2010SenateHouse Floor Amendment No. 2 Senate Concurs 055-000-000 5/4/2010SenatePassed Both Houses 6/2/2010SenateSent to the Governor 7/30/2010SenateGovernor Amendatory Veto 11/4/2010SenatePlaced on Calendar Amendatory Veto November 16, 2010 11/16/2010SenateMotion Filed Override Amendatory Veto Sen. William R. Haine 11/18/2010Senate3/5 Vote Required 11/18/2010SenateOverride Amendatory Veto - Senate Lost 035-008-007 11/19/2010SenateBill Dead - Amendatory Veto