Illinois House Bill 2173 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on July 12 2019 - 100% progression
Action: 2019-07-12 - Public Act . . . . . . . . . 101-0060
Text: Latest bill text (Chaptered) [HTML]

Amends the Illinois Insurance Guaranty Fund Article of the Illinois Insurance Code. Provides that a "covered claim" does not include a claim for fines and penalties paid to government authorities. Provides that the board of directors of the Illinois Insurance Guaranty Fund has the authority to assess to pay off a loan necessary to pay covered claims. Provides that if the loan is projected to be outstanding for 3 years or more, the board of directors has the authority to increase the assessment to 3% of net direct written premiums for the previous year until the loan has been paid in full. Makes changes in provisions that specify conditions under which the Fund is bound by certain settlements, releases, compromises, waivers, and final judgments. Provides that the Fund may also take legal action to recover from insurers and insureds in certain circumstances. Provides that the Fund may bring an action against certain third-party representatives of an insolvent insurer to obtain custody and control of all claim information related to the insolvent company. Provides that any person recovering under the Article and any insured whose liabilities are satisfied under the Article shall be deemed to have assigned the person's or insured's rights under the policy to the Fund to the extent of his or her recovery or satisfaction obtained from the Fund's payments. Provides that the Fund may also pay certain workers' compensation claims or any other third-party claims covered by a policy of an insolvent company on behalf of a high net worth insured and may recover from the high net worth insured through any action necessary to collect the full amount to the Fund's reimbursement. Effective immediately.

IL INSURANCE GUARANTY FUND

Sen. Michael Halpin [D]

Sen. John Mulroe [D]

2019-05-09 - Senate - Third Reading in Senate (Y: 52 N: 0 NV: 7 Abs: 0) [PASS]
2019-04-11 - House - Third Reading in House (Y: 113 N: 0 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2019-07-12	House	Public Act . . . . . . . . . 101-0060
2019-07-12	House	Effective Date July 12, 2019
2019-07-12	House	Governor Approved
2019-06-07	House	Sent to the Governor
2019-05-09	House	Passed Both Houses
2019-05-09	Senate	Third Reading - Passed; 052-000-000
2019-05-08	Senate	Placed on Calendar Order of 3rd Reading May 9, 2019
2019-05-08	Senate	Second Reading
2019-04-24	Senate	Placed on Calendar Order of 2nd Reading April 30, 2019
2019-04-24	Senate	Approved for Consideration Assignments
2019-04-12	Senate	Referred to Assignments
2019-04-12	Senate	First Reading
2019-04-12	Senate	Chief Senate Sponsor Sen. John G. Mulroe
2019-04-12	Senate	Placed on Calendar Order of First Reading
2019-04-12	Senate	Arrive in Senate
2019-04-11	House	Third Reading - Short Debate - Passed 113-000-000
2019-04-11	House	Placed on Calendar Order of 3rd Reading - Short Debate
2019-04-11	House	House Floor Amendment No. 3 Adopted
2019-04-11	House	House Floor Amendment No. 2 Adopted
2019-04-11	House	House Floor Amendment No. 3 Recommends Be Adopted Insurance Committee; 019-000-000
2019-04-10	House	Held on Calendar Order of Second Reading - Short Debate
2019-04-10	House	Second Reading - Short Debate
2019-04-10	House	House Floor Amendment No. 3 Rules Refers to Insurance Committee
2019-04-03	House	Chief Sponsor Changed to Rep. Michael Halpin
2019-04-02	House	House Floor Amendment No. 3 Referred to Rules Committee
2019-04-02	House	House Floor Amendment No. 3 Filed with Clerk by Rep. Jay Hoffman
2019-03-05	House	House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
2019-03-01	House	House Floor Amendment No. 2 Referred to Rules Committee
2019-03-01	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman
2019-02-28	House	Placed on Calendar 2nd Reading - Short Debate
2019-02-26	House	House Committee Amendment No. 1 Tabled Pursuant to Rule 40
2019-02-26	House	Do Pass / Short Debate Insurance Committee; 020-000-000
2019-02-21	House	House Committee Amendment No. 1 Referred to Rules Committee
2019-02-21	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
2019-02-19	House	Assigned to Insurance Committee
2019-02-07	House	Referred to Rules Committee
2019-02-07	House	First Reading
2019-02-06	House	Filed with the Clerk by Rep. Jay Hoffman

Chapter	Article	Section	Citation Type	Statute Text
215	5	534.3	Amended Code	Citation Text
215	5	537.6	Amended Code	Citation Text
215	5	537.7	Amended Code	Citation Text
215	5	538.3	Amended Code	Citation Text
215	5	538.4	Amended Code	Citation Text
215	5	538.9	New Code	See Bill Text
215	5	545	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2173&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB2173.htm
Text	https://www.ilga.gov/legislation/101/HB/10100HB2173eng.htm
Text	https://www.ilga.gov/legislation/101/HB/10100HB2173enr.htm
Text	https://www.ilga.gov/legislation/publicacts/101/101-0060.htm
Amendment	https://www.ilga.gov/legislation/101/HB/10100HB2173ham001.htm
Amendment	https://www.ilga.gov/legislation/101/HB/10100HB2173ham002.htm
Amendment	https://www.ilga.gov/legislation/101/HB/10100HB2173ham003.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/101/house/10100HB2173_04112019_062000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100HB2173_05092019_002000T.pdf