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AN ACT CONCERNING CHANGES TO THE INSURANCE STATUTES.
To (1) provide that a portable electronics insurance license remain in force until January thirty-first of even-numbered years, (2) expand the Insurance Commissioner's authority to suspend or revoke an insurance producer's license if a producer submits any other form of remittance besides a check to the Insurance Department that is dishonored, (3) permit the Insurance Commissioner to share documents, materials and other information concerning an Own Risk and Solvency Assessment report with other regulatory officials and the National Association of Insurance Commissioners without the written consent of the insurer, while retaining such written consent requirement for sharing such documents, materials and information with a third-party consultant, and (4) eliminate the separate annual reporting requirement for third-party administrators and incorporate such report into the renewal filing, and combine the annual report filing fee and renewal fee into one fee.
Introduced by:
Insurance and Real Estate Committee| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| Public Act No. 15-187 [pdf] | |
| File No. 154 [pdf] | |
| INS Joint Favorable [pdf] | |
| Raised Bill [pdf] |
| Uncalled Amendments |
| Votes | |
| Senate Roll Call Vote 237 | |
| House Roll Call Vote 331 |
| Committee Actions | |
| INS Joint Fav. Rpt | |
| INS Vote Tally Sheet [pdf] |
| Fiscal Notes | |
| Fiscal Note for Amendment LCO 7440 | |
| Fiscal Note for Amendment LCO 6932 | |
| Fiscal Note for File Copy 154 |
| Bill Analyses | |
| Bill Analysis for File Copy 154 | |
| Summary for Public Act No. 15-187 |
Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 7/2/2015 | Signed by the Governor | ||
| 6/18/2015 | Transmitted by Secretary of the State to Governor | ||
| 6/18/2015 | Transmitted to the Secretary of State | ||
| 6/16/2015 | (LCO) | Public Act 15-187 | |
| 6/2/2015 | In Concurrence | ||
| 6/2/2015 | House Passed | ||
| 5/22/2015 | House Calendar Number 616 | ||
| 5/22/2015 | Favorable Report, Tabled for the Calendar, House | ||
| 5/20/2015 | On Consent Calendar | ||
| 5/20/2015 | Senate Passed | ||
| 3/23/2015 | (LCO) | File Number 154 | |
| 3/23/2015 | Senate Calendar Number 153 | ||
| 3/23/2015 | Favorable Report, Tabled for the Calendar, Senate | ||
| 3/23/2015 | (LCO) | Reported Out of Legislative Commissioners' Office | |
| 3/16/2015 | (LCO) | Referred to Office of Legislative Research and Office of Fiscal Analysis 03/23/15 10:00 AM | |
| 3/5/2015 | (LCO) | Filed with Legislative Commissioners' Office | |
| 3/5/2015 | (INS) | Joint Favorable | |
| 2/18/2015 | Public Hearing 02/26 | ||
| 2/11/2015 | Referred to Joint Committee on Insurance and Real Estate |
Co-sponsors of SB-907
NOTE: Please direct all inquiries regarding the status of bills to the Office of the House Clerk and/or Senate Clerks' Office.