Sen. Martin A. Sandoval
Filed: 3/10/2017
 
 

 

 

 
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1
AMENDMENT TO SENATE BILL 809 




2    AMENDMENT NO. ______. Amend Senate Bill 809 by replacing 
3everything after the enacting clause with the following:

 
4    "Section 5. The Illinois Insurance Code is amended  by 
5adding Section 155.46 as follows:
 
6    (215 ILCS 5/155.46 new)
7    Sec. 155.46. Insurance company supplier diversity report.
8    (a)   Every company authorized to do business in this State 
9or accredited by this State with assets of at least 
10$100,000,000 shall submit a 2-page report on its voluntary 
11supplier diversity program to the Department. The report shall 
12set forth all of the following:
13        (1)   The name, address, phone number, and e-mail address 
14    of the point of contact for the supplier diversity program 
15    (or the company's procurement program if there is no 
16    supplier diversity program) for vendors to register with 
 
 
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1    the program.
2        (2)   Local and State certifications the company accepts 
3    or recognizes for minority-owned, women-owned, or 
4    veteran-owned business status.
5        (3)   On the second page, a narrative explaining the 
6    results of the report and the tactics to be employed to 
7    achieve the goals of its voluntary supplier diversity 
8    program.
9        (4)   The voluntary goals, if any, for the calendar year 
10    for which the report is made in each category for the 
11    entire budget of the company and the commodity codes or a 
12    description of particular goods and services for the area 
13    of procurement in which the company expects most of those 
14    goals to focus on in that year.
15    Each company is required to submit a searchable .pdf report 
16to the Department on or before November 15, 2018, and on or 
17before November 15 every year thereafter, for the upcoming 
18calendar year.
19    (b)   For each report submitted under subsection (a) of this 
20Section, the Department shall publish the results on its 
21Internet website for 5 years after submission. The Department 
22is not responsible for collecting the reports or for the 
23content of the reports.
24    (c)   The Department shall hold an annual insurance company 
25supplier diversity workshop in February of 2019 and every 
26February thereafter to discuss the reports with 
 
 
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1representatives of the companies and vendors.
2    (d)   The Department shall prepare a one-page template (not 
3including the narrative section) for the voluntary supplier 
4diversity reports.
5    (e)    The Department may adopt such rules as it deems 
6necessary to implement this Section.

 
7    Section 99. Effective date. This Act takes effect upon 
8becoming law.".