Fabio
141 lines
11 KiB
Markdown
141 lines
11 KiB
Markdown
---
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type: "Bill"
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title: "INS CD-DOMESTIC CEDING INSURER"
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description: "Amends the Illinois Insurance Code in provisions concerning credit allowed a domestic ceding insurer. Provides that the assuming insurer shall provide or make certain information to be reported to the Director of Insurance available to the ceding insurer and that the assuming insurer may decline to release trade secrets or commercially sensitive information that would qualify as exempt from disclosure under the Freedom of Information Act. With regard to an assuming insurer's trust fund, provides that not later than February 28 of each year, the assuming insurer's chief executive officer or chief financial officer shall certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a trusteed surplus of not less than $20,000,000. Permits a reduction in the required trusteed surplus in specified circumstances. Provides that in the event that the provision concerning the reduction in the required trusteed surplus applies to the trust, the assuming insurer's chief executive officer or chief financial officer shall then certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a reduced trusteed surplus of not less than the amount that has been authorized by the regulatory authority having principal regulatory oversight of the trust. Makes changes to provisions concerning financial strength ratings. Sets forth provisions concerning downgrades by rating agencies, the Director's authority, upgrading the rating of a certified reinsurer, and the revocation of the certification of a certified reinsurer. Makes other changes."
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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 1737"
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citation: "Illinois SB 1737 (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: 74
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vote_count: 6
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first_action: "2017-02-09"
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last_action: "2018-11-29"
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source: "openstates"
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source_identifier: "ocd-bill/9a819d28-5017-4b55-a336-b3065e344cb2"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1737&GAID=14&DocTypeID=SB&LegId=104676&SessionID=91&GA=100"
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source_hash: "9aad1a51dd97b420608de539daf33f68ea97f16e2c85e534ba04f9d260286d30"
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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 1737 (100th) — INS CD-DOMESTIC CEDING INSURER
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Amends the Illinois Insurance Code in provisions concerning credit allowed a domestic ceding insurer. Provides that the assuming insurer shall provide or make certain information to be reported to the Director of Insurance available to the ceding insurer and that the assuming insurer may decline to release trade secrets or commercially sensitive information that would qualify as exempt from disclosure under the Freedom of Information Act. With regard to an assuming insurer's trust fund, provides that not later than February 28 of each year, the assuming insurer's chief executive officer or chief financial officer shall certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a trusteed surplus of not less than $20,000,000. Permits a reduction in the required trusteed surplus in specified circumstances. Provides that in the event that the provision concerning the reduction in the required trusteed surplus applies to the trust, the assuming insurer's chief executive officer or chief financial officer shall then certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a reduced trusteed surplus of not less than the amount that has been authorized by the regulatory authority having principal regulatory oversight of the trust. Makes changes to provisions concerning financial strength ratings. Sets forth provisions concerning downgrades by rating agencies, the Director's authority, upgrading the rating of a certified reinsurer, and the revocation of the certification of a certified reinsurer. Makes other changes.
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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=10000SB1737&GA=100&SessionId=91&DocTypeId=SB&LegID=104676&DocNum=1737&GAID=14&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000SB1737eng&GA=100&SessionId=91&DocTypeId=SB&LegID=104676&DocNum=1737&GAID=14&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000SB1737enr&GA=100&SessionId=91&DocTypeId=SB&LegID=104676&DocNum=1737&GAID=14&Session=&print=true)
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## Votes
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- Motion — **52–0** (pass) · upper
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- Third Reading — **57–0** (pass) · upper
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- Motion — **89–20** (fail) · lower
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- Concurrence, Amendment 1 — **42–5** (pass) · upper
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- Concurrence, Amendment 2 — **42–5** (pass) · upper
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- Third Reading — **85–28** (pass) · lower
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## Sponsors
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- Antonio Muñoz — primary (person)
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- Katie Stuart — cosponsor (person)
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- LaToya Greenwood — cosponsor (person)
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- Laura Fine — cosponsor (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. Antonio Muñoz `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 Insurance `referral-committee`
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- **2017-03-09** Do Pass Insurance; 011-000-000 `committee-passage`
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- **2017-03-09** Placed on Calendar Order of 2nd Reading March 14, 2017
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- **2017-04-06** Second Reading `reading-2`
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- **2017-04-06** Placed on Calendar Order of 3rd Reading April 25, 2017
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- **2017-04-27** Third Reading - Passed; 057-000-000 `reading-3, passage`
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- **2017-04-27** Arrived in House `introduction`
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- **2017-04-27** Chief House Sponsor Rep. Michael J. Zalewski
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- **2017-04-27** First Reading `reading-1`
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- **2017-04-27** Referred to Rules Committee `referral-committee`
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- **2017-05-09** 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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- **2017-05-31** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
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- **2018-05-25** Alternate Chief Sponsor Changed to Rep. Jay Hoffman
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- **2018-05-28** Assigned to Executive Committee `referral-committee`
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- **2018-05-28** Final Action Deadline Extended-9(b) May 31, 2018
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- **2018-05-28** Motion Filed to Suspend Rule 21 Executive Committee; Rep. Barbara Flynn Currie
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- **2018-05-28** Motion to Suspend Rule 21 - Prevailed
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- **2018-05-29** Do Pass / Short Debate Executive Committee; 011-000-000 `committee-passage`
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- **2018-05-29** Placed on Calendar 2nd Reading - Short Debate
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- **2018-05-29** Second Reading - Short Debate `reading-2`
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- **2018-05-29** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2018-05-30** House Floor Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman `amendment-introduction`
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- **2018-05-30** House Floor Amendment No. 1 Referred to Rules Committee `referral-committee`
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- **2018-05-30** House Floor Amendment No. 1 Rules Refers to Labor & Commerce Committee
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- **2018-05-30** House Floor Amendment No. 1 Recommends Be Adopted Labor & Commerce Committee; 017-010-000 `committee-passage-favorable`
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- **2018-05-31** Added Alternate Chief Co-Sponsor Rep. Michael D. Unes
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- **2018-05-31** Added Alternate Chief Co-Sponsor Rep. Norine K. Hammond
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- **2018-05-31** House Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman `amendment-introduction`
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- **2018-05-31** House Floor Amendment No. 2 Referred to Rules Committee `referral-committee`
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- **2018-05-31** House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000 `committee-passage-favorable`
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- **2018-05-31** Added Alternate Chief Co-Sponsor Rep. Dan Brady
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- **2018-05-31** House Floor Amendment No. 1 Fiscal Note Filed as Amended
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- **2018-05-31** House Floor Amendment No. 1 Adopted `amendment-passage`
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- **2018-05-31** House Floor Amendment No. 2 Adopted `amendment-passage`
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- **2018-05-31** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2018-05-31** Removed from Short Debate Status
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- **2018-05-31** Placed on Calendar Order of 3rd Reading - Standard Debate
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- **2018-05-31** Added Alternate Co-Sponsor Rep. Katie Stuart
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- **2018-05-31** Added Alternate Co-Sponsor Rep. LaToya Greenwood
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- **2018-05-31** Third Reading - Standard Debate - Passed 085-028-000 `reading-3, passage`
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- **2018-05-31** Added Alternate Chief Co-Sponsor Rep. Michael J. Zalewski
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- **2018-05-31** Secretary's Desk - Concurrence House Amendment(s) 1, 2
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- **2018-05-31** Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 31, 2018
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- **2018-05-31** House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Antonio Muñoz `filing`
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- **2018-05-31** House Floor Amendment No. 1 Motion to Concur Referred to Assignments `referral-committee`
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- **2018-05-31** House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Antonio Muñoz `filing`
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- **2018-05-31** House Floor Amendment No. 2 Motion to Concur Referred to Assignments `referral-committee`
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- **2018-05-31** House Floor Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
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- **2018-05-31** House Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Assignments
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- **2018-05-31** House Floor Amendment No. 1 Senate Concurs 042-005-000
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- **2018-05-31** House Floor Amendment No. 2 Senate Concurs 042-005-000
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- **2018-05-31** Senate Concurs
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- **2018-05-31** Passed Both Houses
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- **2018-06-29** Sent to the Governor `executive-receipt`
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- **2018-08-26** Governor Amendatory Veto `executive-veto`
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- **2018-11-13** Placed on Calendar Amendatory Veto November 14, 2018
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- **2018-11-13** Motion Filed Override Amendatory Veto Sen. Antonio Muñoz
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- **2018-11-14** 3/5 Vote Required
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- **2018-11-14** Override Amendatory Veto - Senate Passed 052-000-000
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- **2018-11-15** Arrived in House `introduction`
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- **2018-11-15** Placed on Calendar Amendatory Veto
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- **2018-11-19** Added Alternate Co-Sponsor Rep. Laura Fine
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- **2018-11-20** Motion Filed Override Amendatory Veto Rep. Jay Hoffman
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- **2018-11-27** 3/5 Vote Required
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- **2018-11-27** Override Amendatory Veto - House Passed 089-020-001
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- **2018-11-27** Amendatory Veto Overridden Both Houses
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- **2018-11-29** Effective Date November 27, 2018; Some provisions
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- **2018-11-29** Effective Date February 1, 2019; Some provisions
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- **2018-11-29** Public Act . . . . . . . . . 100-1118 `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/9a819d28-5017-4b55-a336-b3065e344cb2`. Confidence: reported (aggregated from official Illinois legislature records).
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