Fabio
120 lines
8.9 KiB
Markdown
120 lines
8.9 KiB
Markdown
---
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type: "Bill"
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title: "TITLE INS-REINSURANCE"
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description: "Amends the Title Insurance Act. In provisions concerning reinsurance, provides that a title insurance company may obtain reinsurance for all or any part of its liability under one or more of its title insurance policies from an assuming insurer with a financial strength rating of A- or better from A.M. Best Company, Inc., or with an alternative rating the Department of Insurance may approve that the Department determines is an equivalent rating by another recognized rating organization. In provisions concerning retained liability, provides that the net retained liability of a title insurance company for a single risk on property located in the State, whether assumed directly or as reinsurance, may not exceed the total surplus (rather than 50% of the total surplus) to policyholders as shown in the most recent annual statement of the title insurance company on file with the Department. Provides that each title insurance company shall file annually with the Department a notice describing its professional reinsurance business, if any, and describing how risks are placed through reinsurance outside of the title insurance industry."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "100th"
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identifier: "SB 1667"
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citation: "Illinois SB 1667 (100th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 60
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vote_count: 2
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first_action: "2017-02-09"
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last_action: "2017-12-15"
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source: "openstates"
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source_identifier: "ocd-bill/1bad8380-03c3-463c-a4b7-d2a01d6a9512"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1667&GAID=14&DocTypeID=SB&LegId=104451&SessionID=91&GA=100"
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source_hash: "bfd5804d8cbce91b4b9a4d3d98d22b5e2215d0968ae4b711d770dd20ed926c34"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 1667 (100th) — TITLE INS-REINSURANCE
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Amends the Title Insurance Act. In provisions concerning reinsurance, provides that a title insurance company may obtain reinsurance for all or any part of its liability under one or more of its title insurance policies from an assuming insurer with a financial strength rating of A- or better from A.M. Best Company, Inc., or with an alternative rating the Department of Insurance may approve that the Department determines is an equivalent rating by another recognized rating organization. In provisions concerning retained liability, provides that the net retained liability of a title insurance company for a single risk on property located in the State, whether assumed directly or as reinsurance, may not exceed the total surplus (rather than 50% of the total surplus) to policyholders as shown in the most recent annual statement of the title insurance company on file with the Department. Provides that each title insurance company shall file annually with the Department a notice describing its professional reinsurance business, if any, and describing how risks are placed through reinsurance outside of the title insurance industry.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000SB1667&GA=100&SessionId=91&DocTypeId=SB&LegID=104451&DocNum=1667&GAID=14&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000SB1667eng&GA=100&SessionId=91&DocTypeId=SB&LegID=104451&DocNum=1667&GAID=14&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000SB1667enr&GA=100&SessionId=91&DocTypeId=SB&LegID=104451&DocNum=1667&GAID=14&Session=&print=true)
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## Votes
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- Third Reading — **49–0** (pass) · upper
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- Third Reading — **104–0** (pass) · lower
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## Sponsors
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- William R. Haine — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2017-02-09** Filed with Secretary by Sen. William R. Haine `filing`
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- **2017-02-09** First Reading `reading-1`
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- **2017-02-09** Referred to Assignments `referral-committee`
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- **2017-02-28** Assigned to Judiciary `referral-committee`
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- **2017-02-28** Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine `amendment-introduction`
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- **2017-02-28** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
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- **2017-03-07** Senate Committee Amendment No. 1 Assignments Refers to Judiciary
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- **2017-03-07** Senate Committee Amendment No. 1 Adopted `amendment-passage`
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- **2017-03-08** Do Pass as Amended Judiciary; 011-000-000 `committee-passage`
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- **2017-03-08** Placed on Calendar Order of 2nd Reading March 9, 2017
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- **2017-03-27** Senate Floor Amendment No. 2 Filed with Secretary by Sen. William R. Haine `amendment-introduction`
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- **2017-03-27** Senate Floor Amendment No. 2 Referred to Assignments `referral-committee`
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- **2017-04-04** Senate Floor Amendment No. 2 Assignments Refers to Judiciary
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- **2017-04-06** Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 008-000-000
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- **2017-04-28** Rule 2-10 Third Reading Deadline Established As May 31, 2017 `reading-3`
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- **2017-05-03** Added as Chief Co-Sponsor Sen. John G. Mulroe
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- **2017-05-04** Second Reading `reading-2`
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- **2017-05-04** Senate Floor Amendment No. 2 Adopted; Haine `amendment-passage`
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- **2017-05-04** Placed on Calendar Order of 3rd Reading May 5, 2017
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- **2017-05-05** Third Reading - Passed; 049-000-001 `reading-3, passage`
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- **2017-05-08** Arrived in House `introduction`
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- **2017-05-08** Chief House Sponsor Rep. Michael J. Zalewski
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- **2017-05-09** First Reading `reading-1`
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- **2017-05-09** Referred to Rules Committee `referral-committee`
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- **2017-05-15** Assigned to Executive Committee `referral-committee`
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- **2017-05-19** Committee Deadline Extended-Rule 9(b) May 26, 2017
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- **2017-05-26** Final Action Deadline Extended-9(b) May 31, 2017
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- **2017-05-29** House Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski `amendment-introduction`
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- **2017-05-29** House Committee Amendment No. 1 Referred to Rules Committee `referral-committee`
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- **2017-05-30** House Committee Amendment No. 1 Rules Refers to Executive Committee
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- **2017-05-30** House Committee Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski `amendment-introduction`
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- **2017-05-30** House Committee Amendment No. 2 Referred to Rules Committee `referral-committee`
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- **2017-05-30** House Committee Amendment No. 2 Rules Refers to Executive Committee
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- **2017-05-31** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
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- **2017-05-31** House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee `referral-committee`
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- **2017-05-31** House Committee Amendment No. 2 Rule 19(a) / Re-referred to Rules Committee `referral-committee`
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- **2017-10-17** Assigned to Executive Committee `referral-committee`
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- **2017-10-17** To Gaming Subcommittee
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- **2017-10-23** Alternate Chief Sponsor Changed to Rep. Robert Martwick
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- **2017-10-25** House Committee Amendment No. 1 Motion Filed to Table Rep. Michael J. Zalewski
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- **2017-10-25** House Committee Amendment No. 2 Motion Filed to Table Rep. Michael J. Zalewski
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- **2017-10-25** House Committee Amendment No. 1 Motion to Table Referred to Rules Committee `referral-committee`
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- **2017-10-25** House Committee Amendment No. 2 Motion to Table Referred to Rules Committee `referral-committee`
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- **2017-10-26** Recommends Do Pass Subcommittee/ Executive Committee; 003-000-000 `committee-passage`
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- **2017-10-26** Reported Back To Executive Committee;
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- **2017-10-26** Do Pass / Short Debate Executive Committee; 011-000-000 `committee-passage`
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- **2017-10-26** Placed on Calendar 2nd Reading - Short Debate
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- **2017-10-26** House Committee Amendment No. 1 Tabled Pursuant to Rule 40 `amendment-failure`
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- **2017-10-26** House Committee Amendment No. 2 Tabled Pursuant to Rule 40 `amendment-failure`
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- **2017-10-26** House Committee Amendment No. 1 Motion to Table Amendment - Tabled `withdrawal`
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- **2017-10-26** House Committee Amendment No. 2 Motion to Table Amendment - Tabled `withdrawal`
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- **2017-10-26** Final Action Deadline Extended-9(b) November 10, 2017
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- **2017-10-26** Second Reading - Short Debate `reading-2`
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- **2017-10-26** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2017-11-08** Third Reading - Short Debate - Passed 104-000-002 `reading-3, passage`
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- **2017-11-08** Passed Both Houses
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- **2017-12-07** Sent to the Governor `executive-receipt`
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- **2017-12-15** Governor Approved `executive-signature`
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- **2017-12-15** Effective Date June 1, 2018
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- **2017-12-15** Public Act . . . . . . . . . 100-0570 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1bad8380-03c3-463c-a4b7-d2a01d6a9512`. Confidence: reported (aggregated from official Illinois legislature records).
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