Fabio
8.3 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | ||||
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| Bill | IL INSURANCE GUARANTY FUND | 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. | us/states/il | Illinois General Assembly | 101st | HB 2173 | Illinois HB 2173 (101st) |
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enacted | 3 | 38 | 2 | 2019-02-06 | 2019-07-12 | openstates | ocd-bill/879a0b4d-fda7-4163-b450-ce4318680241 | http://ilga.gov/legislation/BillStatus.asp?DocNum=2173&GAID=15&DocTypeID=HB&LegId=117896&SessionID=108&GA=101 | d04f11f654a87864983c75067c0a4c4a886ff7ecf5e2ba415915910ab753f9e4 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Illinois HB 2173 (101st) — IL INSURANCE GUARANTY FUND
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.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Votes
- Third Reading — 113–0 (pass) · lower
- Third Reading — 52–0 (pass) · upper
Sponsors
- John G. Mulroe — primary (person)
- Michael Halpin — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2019-02-06 Filed with the Clerk by Rep. Jay Hoffman
filing - 2019-02-07 First Reading
reading-1 - 2019-02-07 Referred to Rules Committee
referral-committee - 2019-02-19 Assigned to Insurance Committee
referral-committee - 2019-02-21 House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
amendment-introduction - 2019-02-21 House Committee Amendment No. 1 Referred to Rules Committee
referral-committee - 2019-02-26 Do Pass / Short Debate Insurance Committee; 020-000-000
committee-passage - 2019-02-26 House Committee Amendment No. 1 Tabled Pursuant to Rule 40
amendment-failure - 2019-02-28 Placed on Calendar 2nd Reading - Short Debate
- 2019-03-01 House Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman
amendment-introduction - 2019-03-01 House Floor Amendment No. 2 Referred to Rules Committee
referral-committee - 2019-03-05 House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
committee-passage-favorable - 2019-04-02 House Floor Amendment No. 3 Filed with Clerk by Rep. Jay Hoffman
amendment-introduction - 2019-04-02 House Floor Amendment No. 3 Referred to Rules Committee
referral-committee - 2019-04-03 Chief Sponsor Changed to Rep. Michael Halpin
- 2019-04-10 House Floor Amendment No. 3 Rules Refers to Insurance Committee
- 2019-04-10 Second Reading - Short Debate
reading-2 - 2019-04-10 Held on Calendar Order of Second Reading - Short Debate
reading-2 - 2019-04-11 House Floor Amendment No. 3 Recommends Be Adopted Insurance Committee; 019-000-000
committee-passage-favorable - 2019-04-11 House Floor Amendment No. 2 Adopted
amendment-passage - 2019-04-11 House Floor Amendment No. 3 Adopted
amendment-passage - 2019-04-11 Placed on Calendar Order of 3rd Reading - Short Debate
- 2019-04-11 Third Reading - Short Debate - Passed 113-000-000
reading-3, passage - 2019-04-12 Arrive in Senate
introduction - 2019-04-12 Placed on Calendar Order of First Reading
reading-1 - 2019-04-12 Chief Senate Sponsor Sen. John G. Mulroe
- 2019-04-12 First Reading
reading-1 - 2019-04-12 Referred to Assignments
referral-committee - 2019-04-24 Approved for Consideration Assignments
- 2019-04-24 Placed on Calendar Order of 2nd Reading April 30, 2019
- 2019-05-08 Second Reading
reading-2 - 2019-05-08 Placed on Calendar Order of 3rd Reading May 9, 2019
- 2019-05-09 Third Reading - Passed; 052-000-000
reading-3, passage - 2019-05-09 Passed Both Houses
- 2019-06-07 Sent to the Governor
executive-receipt - 2019-07-12 Governor Approved
executive-signature - 2019-07-12 Effective Date July 12, 2019
- 2019-07-12 Public Act . . . . . . . . . 101-0060
became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/879a0b4d-fda7-4163-b450-ce4318680241. Confidence: reported (aggregated from official Illinois legislature records).