republic-os/legislation/us/states/il/96th/hb-394.md

---
type: "Bill"
title: "INS CD-ANNUAL STATEMENTS"
description: "Amends the Illinois Insurance Code. Provides that every property and casualty insurance company doing business in this State, unless otherwise exempted by the Director of Insurance, shall annually submit the opinion of an appointed actuary entitled \"Statement of Actuarial Opinion\". Provides that the opinion shall be filed in accordance with the appropriate National Association of Insurance Commissioners Property and Casualty Annual Statement Instructions. Provides that every property and casualty insurance company domiciled in this State that is required to submit a Statement of Actuarial Opinion shall annually submit an Actuarial Opinion Summary, written by the company's appointed actuary. Provides that an Actuarial Report and underlying workpapers as required by the appropriate National Association of Insurance Commissioners Property and Casualty Annual Statement Instructions shall be prepared to support each Actuarial Opinion. Provides that the appointed actuary shall not be liable for damages to any person (other than the insurance company and the Director) for any act, error, omission, decision, or conduct with respect to the actuary's opinion, except in cases of fraud or willful misconduct on the part of the appointed actuary. Makes other changes. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "96th"
identifier: "HB 394"
citation: "Illinois HB 394 (96th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 25
vote_count: 2
first_action: "2009-02-02"
last_action: "2009-08-07"
source: "openstates"
source_identifier: "ocd-bill/93513e6e-37db-4d4a-99c7-9041f97ae28d"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=394&GAID=10&DocTypeID=HB&LegId=40684&SessionID=76&GA=96"
source_hash: "907a1258eb4a3879af8af899cbf1125f4adedf439f4df94e7f36dee7bbb3fd61"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois HB 394 (96th) — INS CD-ANNUAL STATEMENTS

Amends the Illinois Insurance Code. Provides that every property and casualty insurance company doing business in this State, unless otherwise exempted by the Director of Insurance, shall annually submit the opinion of an appointed actuary entitled "Statement of Actuarial Opinion". Provides that the opinion shall be filed in accordance with the appropriate National Association of Insurance Commissioners Property and Casualty Annual Statement Instructions. Provides that every property and casualty insurance company domiciled in this State that is required to submit a Statement of Actuarial Opinion shall annually submit an Actuarial Opinion Summary, written by the company's appointed actuary. Provides that an Actuarial Report and underlying workpapers as required by the appropriate National Association of Insurance Commissioners Property and Casualty Annual Statement Instructions shall be prepared to support each Actuarial Opinion. Provides that the appointed actuary shall not be liable for damages to any person (other than the insurance company and the Director) for any act, error, omission, decision, or conduct with respect to the actuary's opinion, except in cases of fraud or willful misconduct on the part of the appointed actuary. Makes other changes. Effective immediately.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB0394&GA=96&SessionId=76&DocTypeId=HB&LegID=40684&DocNum=394&GAID=10&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB0394eng&GA=96&SessionId=76&DocTypeId=HB&LegID=40684&DocNum=394&GAID=10&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB0394enr&GA=96&SessionId=76&DocTypeId=HB&LegID=40684&DocNum=394&GAID=10&Session=&print=true)

## Votes

- Third Reading — **110–0** (pass) · lower
- Third Reading — **57–0** (pass) · upper

## Sponsors

- Dan Brady — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2009-02-02** Filed with the Clerk by Rep. Dan Brady `filing`
- **2009-02-03** First Reading `reading-1`
- **2009-02-03** Referred to Rules Committee `referral-committee`
- **2009-02-09** Assigned to Insurance Committee `referral-committee`
- **2009-02-18** Do Pass / Short Debate Insurance Committee; 020-000-000 `committee-passage`
- **2009-02-19** Placed on Calendar 2nd Reading - Short Debate
- **2009-02-24** Second Reading - Short Debate `reading-2`
- **2009-02-24** Placed on Calendar Order of 3rd Reading - Short Debate
- **2009-03-04** Third Reading - Short Debate - Passed 110-000-000 `reading-3, passage`
- **2009-03-05** Arrive in Senate `introduction`
- **2009-03-05** Placed on Calendar Order of First Reading March 6, 2009 `reading-1`
- **2009-03-05** Chief Senate Sponsor Sen. William R. Haine
- **2009-03-06** First Reading `reading-1`
- **2009-03-06** Referred to Assignments `referral-committee`
- **2009-04-22** Assigned to Insurance `referral-committee`
- **2009-04-30** Do Pass Insurance; 008-000-000 `committee-passage`
- **2009-04-30** Placed on Calendar Order of 2nd Reading May 5, 2009
- **2009-05-07** Second Reading `reading-2`
- **2009-05-07** Placed on Calendar Order of 3rd Reading May 12, 2009
- **2009-05-13** Third Reading - Passed; 057-000-000 `reading-3, passage`
- **2009-05-13** Passed Both Houses
- **2009-06-11** Sent to the Governor `executive-receipt`
- **2009-08-07** Governor Approved `executive-signature`
- **2009-08-07** Effective Date August 7, 2009
- **2009-08-07** Public Act . . . . . . . . . 96-0145 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/93513e6e-37db-4d4a-99c7-9041f97ae28d`. Confidence: reported (aggregated from official Illinois legislature records).