INS-CONFIDENTIAL DISCLOSURE House SponsorsRep. Jay Hoffman, Mark L. Walker and Jawaharial Williams Senate Sponsors(Sen. Napoleon Harris, III) 5/27/2022HousePublic Act . . . . . . . . . 102-0929 215 ILCS 5/131.22215 ILCS 5/132.5from Ch. 73, par. 744.5215 ILCS 5/547from Ch. 73, par. 1065.97 Amends the Illinois Insurance Code. In provisions concerning confidential treatment of documents, materials, or other information in the possession or control of the Department of Insurance and provisions concerning confidential treatment of information obtained in the course of an examination, provides that the Director of Insurance may only share confidential and privileged documents, material, or information with the Illinois Insurance Guaranty Fund regarding any member company if the Director determines that the member company may be subject to a future delinquency proceeding. Provides that the Director may disclose the information so long as the Fund agrees in writing to hold that information confidential and uses that information to prepare for the possible liquidation of the member company. Provides that access to the information disclosed by the Director to the Fund shall be limited to the Fund's staff and its counsel. Provides that the board of directors of the Fund may have access to the information disclosed by the Director to the Fund once the member company is subject to a delinquency proceeding subject to any terms and conditions established by the Director. In provisions concerning prevention of insolvencies, provides that the Director may disclose specified information to the Fund and the Fund may use that information to prepare for the possible liquidation of a member company subject to specified requirements and restrictions. Effective immediately.Senate Committee Amendment No. 1 Provides that the Director of Insurance may only share confidential and privileged documents, material, or information reported pursuant to specified provisions with the Illinois Insurance Guaranty Fund regarding any member company if the member company has an authorized control level event (rather than if the Director determines that the member company may be subject to a future delinquency proceeding). Provides that nothing contained in the Illinois Insurance Code shall prevent or be construed as prohibiting the Director from disclosing specified information to the Illinois Insurance Guaranty Fund regarding any member company if the member company has an authorized control level event (rather than if the Director determines that the member company may be subject to a future delinquency proceeding). 12/28/2021HouseFiled with the Clerk by Rep. Jay Hoffman 1/5/2022HouseFirst Reading 1/5/2022HouseReferred to Rules Committee 1/19/2022HouseAssigned to Insurance Committee 1/25/2022HouseDo Pass / Consent Calendar Insurance Committee; 018-000-000 1/31/2022HousePlaced on Calendar 2nd Reading - Consent Calendar 2/17/2022HouseSecond Reading - Consent Calendar 2/17/2022HouseHeld on Calendar Order of Second Reading - Consent Calendar 2/25/2022HouseAdded Co-Sponsor Rep. Mark L. Walker 3/1/2022HousePlaced on Calendar Order of 3rd Reading - Consent Calendar 3/2/2022HouseThird Reading - Consent Calendar - First Day 3/3/2022HouseThird Reading - Consent Calendar - Passed 104-000-000 3/4/2022SenateArrive in Senate 3/4/2022SenatePlaced on Calendar Order of First Reading 3/4/2022SenateChief Senate Sponsor Sen. Napoleon Harris, III 3/4/2022SenateFirst Reading 3/4/2022SenateReferred to Assignments 3/16/2022SenateAssigned to Insurance 3/17/2022SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Napoleon Harris, III 3/17/2022SenateSenate Committee Amendment No. 1 Referred to Assignments 3/22/2022SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance 3/23/2022SenateSenate Committee Amendment No. 1 Adopted 3/23/2022SenateDo Pass as Amended Insurance; 011-000-000 3/23/2022SenatePlaced on Calendar Order of 2nd Reading 3/23/2022SenateSecond Reading 3/23/2022SenatePlaced on Calendar Order of 3rd Reading March 24, 2022 3/30/2022SenateThird Reading - Passed; 056-000-000 3/30/2022HouseArrived in House 3/30/2022HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1 3/30/2022HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Jay Hoffman 3/30/2022HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee 4/5/2022HouseSenate Committee Amendment No. 1 Motion to Concur Rules Referred to Insurance Committee 4/6/2022HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Insurance Committee; 015-000-000 4/7/2022HouseSenate Committee Amendment No. 1 House Concurs 112-000-000 4/7/2022HouseHouse Concurs 4/7/2022HousePassed Both Houses 4/7/2022HouseAdded Co-Sponsor Rep. Jawaharial Williams 5/6/2022HouseSent to the Governor 5/27/2022HouseGovernor Approved 5/27/2022HouseEffective Date May 27, 2022 5/27/2022HousePublic Act . . . . . . . . . 102-0929