Fabio
117 lines
9.5 KiB
Markdown
117 lines
9.5 KiB
Markdown
---
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type: "Bill"
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title: "IL INSURANCE GUARANTY FUND"
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description: "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."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "101st"
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identifier: "SB 1377"
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citation: "Illinois SB 1377 (101st)"
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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: 53
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vote_count: 3
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first_action: "2019-02-13"
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last_action: "2019-08-23"
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source: "openstates"
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source_identifier: "ocd-bill/6711b9a3-ee33-4949-bbb0-c9f19673bb66"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1377&GAID=15&DocTypeID=SB&LegId=118086&SessionID=108&GA=101"
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source_hash: "f1234941bf9a4fda8f8f2695f1de208fbc8ad4bfdf5a0fd0a571e0eb3c0ff007"
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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 1377 (101st) — IL INSURANCE GUARANTY FUND
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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.
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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=10100SB1377&GA=101&SessionId=108&DocTypeId=SB&LegID=118086&DocNum=1377&GAID=15&SpecSess=&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100SB1377eng&GA=101&SessionId=108&DocTypeId=SB&LegID=118086&DocNum=1377&GAID=15&SpecSess=&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100SB1377enr&GA=101&SessionId=108&DocTypeId=SB&LegID=118086&DocNum=1377&GAID=15&SpecSess=&Session=&print=true)
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## Votes
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- Third Reading — **56–0** (pass) · upper
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- Third Reading — **115–0** (pass) · lower
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- Concurrence, Amendment 1 — **55–0** (pass) · upper
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## Sponsors
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- Anthony DeLuca — cosponsor (person)
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- John G. Mulroe — primary (person)
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- Laura Fine — cosponsor (person)
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- Thaddeus Jones — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2019-02-13** Filed with Secretary by Sen. John G. Mulroe `filing`
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- **2019-02-13** First Reading `reading-1`
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- **2019-02-13** Referred to Assignments `referral-committee`
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- **2019-02-13** Assigned to Insurance `referral-committee`
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- **2019-02-14** Added as Co-Sponsor Sen. Laura Fine
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- **2019-02-21** Senate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe `amendment-introduction`
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- **2019-02-21** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
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- **2019-02-27** Senate Committee Amendment No. 1 Assignments Refers to Insurance
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- **2019-03-06** Senate Committee Amendment No. 1 Adopted `amendment-passage`
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- **2019-03-06** Do Pass as Amended Insurance; 016-000-000 `committee-passage`
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- **2019-03-06** Placed on Calendar Order of 2nd Reading
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- **2019-03-07** Second Reading `reading-2`
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- **2019-03-07** Placed on Calendar Order of 3rd Reading March 12, 2019
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- **2019-04-04** Senate Floor Amendment No. 2 Filed with Secretary by Sen. John G. Mulroe `amendment-introduction`
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- **2019-04-04** Senate Floor Amendment No. 2 Referred to Assignments `referral-committee`
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- **2019-04-09** Senate Floor Amendment No. 2 Assignments Refers to Insurance
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- **2019-04-10** Senate Floor Amendment No. 2 Recommend Do Adopt Insurance; 013-000-000
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- **2019-04-10** Recalled to Second Reading `reading-2`
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- **2019-04-10** Senate Floor Amendment No. 2 Adopted; Mulroe `amendment-passage`
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- **2019-04-10** Placed on Calendar Order of 3rd Reading
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- **2019-04-10** Third Reading - Passed; 056-000-000 `reading-3, passage`
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- **2019-04-10** Arrived in House `introduction`
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- **2019-04-19** Chief House Sponsor Rep. Michael Halpin
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- **2019-04-30** First Reading `reading-1`
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- **2019-04-30** Referred to Rules Committee `referral-committee`
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- **2019-04-30** Assigned to Insurance Committee `referral-committee`
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- **2019-05-07** Do Pass / Short Debate Insurance Committee; 020-000-000 `committee-passage`
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- **2019-05-08** Placed on Calendar 2nd Reading - Short Debate
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- **2019-05-14** Alternate Chief Sponsor Changed to Rep. Thaddeus Jones
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- **2019-05-14** House Floor Amendment No. 1 Filed with Clerk by Rep. Thaddeus Jones `amendment-introduction`
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- **2019-05-14** House Floor Amendment No. 1 Referred to Rules Committee `referral-committee`
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- **2019-05-16** House Floor Amendment No. 1 Rules Refers to Insurance Committee
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- **2019-05-22** House Floor Amendment No. 1 Recommends Be Adopted Insurance Committee; 016-000-000 `committee-passage-favorable`
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- **2019-05-22** Second Reading - Short Debate `reading-2`
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- **2019-05-22** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2019-05-24** Final Action Deadline Extended-9(b) May 31, 2019
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- **2019-05-28** House Floor Amendment No. 1 Adopted `amendment-passage`
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- **2019-05-28** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2019-05-28** Third Reading - Short Debate - Passed 115-000-000 `reading-3, passage`
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- **2019-05-28** Added Alternate Chief Co-Sponsor Rep. Anthony DeLuca
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- **2019-05-29** Secretary's Desk - Concurrence House Amendment(s) 1
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- **2019-05-29** Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 30, 2019
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- **2019-05-29** House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. John G. Mulroe `filing`
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- **2019-05-29** House Floor Amendment No. 1 Motion to Concur Referred to Assignments `referral-committee`
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- **2019-05-29** House Floor Amendment No. 1 Motion to Concur Assignments Referred to Insurance `referral-committee`
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- **2019-05-30** House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Insurance; 014-000-000
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- **2019-05-30** House Floor Amendment No. 1 Senate Concurs 055-000-001
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- **2019-05-30** Senate Concurs
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- **2019-05-30** Passed Both Houses
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- **2019-06-28** Sent to the Governor `executive-receipt`
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- **2019-08-23** Governor Approved `executive-signature`
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- **2019-08-23** Effective Date January 1, 2020
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- **2019-08-23** Public Act . . . . . . . . . 101-0549 `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/6711b9a3-ee33-4949-bbb0-c9f19673bb66`. Confidence: reported (aggregated from official Illinois legislature records).
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