INS CODE-SURPLUS LINE/VARIOUS Senate SponsorsSen. Michael E. Hastings and Dave Syverson House Sponsors(Rep. Bob Morgan) 7/30/2021SenatePublic Act . . . . . . . . . 102-0224 215 ILCS 5/445from Ch. 73, par. 1057215 ILCS 5/445.1from Ch. 73, par. 1057.1215 ILCS 5/445.2from Ch. 73, par. 1057.2215 ILCS 5/445.3from Ch. 73, par. 1057.3Amends the Illinois Insurance Code. Adds provisions concerning making diligent efforts to procure surplus line insurance contracts through authorized insurers, including for master policy insurance contracts and program business. Makes changes to provisions concerning reports on surplus line insurance and fire insurance that must be filed by licensed surplus line producers with the Director of Insurance. Changes the date by which a surplus line producer shall file a report on all fire insurance procured from unauthorized insurers and submitted to the Surplus Line Association of Illinois to February 1 (rather than March 31) of each year. Adds provisions concerning submission and recording of premium-bearing endorsements. Provides that an individual officer or partner must be a licensed surplus line producer to represent a member of the Surplus Line Association of Illinois in the exercise of association affairs. Makes other changes. Defines terms. Effective January 1, 2022.Senate Committee Amendment No. 1 Adds reference to:215 ILCS 5/412from Ch. 73, par. 1024Replaces everything after the enacting clause with the provisions of the introduced bill with the following changes. Removes language allowing surplus line producers to be part of a firm membership of the Surplus Line Association of Illinois as a condition of their holding licenses as surplus line producers. Removes changes to provisions allowing members employed by the same or affiliated employers to delegate an individual officer or partner to represent the member in the exercise of Association affairs. Further amends the Illinois Insurance Code. In provisions concerning refunds, penalties, and collection, provides that whenever it appears to the satisfaction of the Director of Insurance that the circumstances of a late filing warrant a reduction or waiver of specified fees or penalties, the fees or penalties may be reduced or waived at the discretion of the Director. Effective immediately.Senate Floor Amendment No. 2 Deletes reference to:215 ILCS 5/445.2215 ILCS 5/445.3Replaces everything after the enacting clause with the provisions of the introduced bill with the following changes. In provisions concerning surplus line insurance, provides that diligent efforts to procure surplus line insurance contracts from authorized insurers shall include all variable provisions of the master policy. Provides that whenever it appears to the satisfaction of the Director that a surplus line producer has made a documented good faith determination of the home state (rather than when a surplus line producer has made a documented good faith determination of the home state) for a surplus line insurance contract and has paid the surplus line taxes to a state other than Illinois, and the Director determines (rather than if the Director determines) that the producer's good faith determination was incorrect and the home state is Illinois, the surplus line producer may, at the discretion of the Director, be required to submit the contract to the Surplus Line Association of Illinois and pay applicable taxes and recording fees, but there shall be no penalty, interest, or late fee assessed. Removes language that provides that if no insurance was procured from unauthorized insurers and submitted to the Surplus Line Association of Illinois, no report concerning surplus line insurance procured from unauthorized insurers shall be required. Removes language that provides that if no fire insurance subject to a fire marshal tax was procured from unauthorized insurers and submitted to the Surplus Line Association of Illinois, no report concerning fire insurance procured from unauthorized insurers shall be required. Removes changes to provisions concerning the Board of Directors of the Association and the Plan of Operation of the Association. Makes other changes. Effective January 1, 2022. 2/26/2021SenateFiled with Secretary by Sen. Michael E. Hastings 2/26/2021SenateFirst Reading 2/26/2021SenateReferred to Assignments 3/9/2021SenateAssigned to Insurance 3/10/2021SenateAdded as Co-Sponsor Sen. Dave Syverson 3/16/2021SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Michael E. Hastings 3/16/2021SenateSenate Committee Amendment No. 1 Referred to Assignments 3/23/2021SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance 4/14/2021SenateSenate Committee Amendment No. 1 Adopted 4/15/2021SenateDo Pass as Amended Insurance; 010-000-000 4/15/2021SenatePlaced on Calendar Order of 2nd Reading April 20, 2021 4/19/2021SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Michael E. Hastings 4/19/2021SenateSenate Floor Amendment No. 2 Referred to Assignments 4/20/2021SenateSenate Floor Amendment No. 2 Assignments Refers to Insurance 4/20/2021SenateSecond Reading 4/20/2021SenatePlaced on Calendar Order of 3rd Reading April 21, 2021 4/21/2021SenateSenate Floor Amendment No. 2 Recommend Do Adopt Insurance; 014-000-000 4/21/2021SenateRecalled to Second Reading 4/21/2021SenateSenate Floor Amendment No. 2 Adopted; Hastings 4/21/2021SenateThird Reading - Passed; 055-000-000 4/22/2021HouseArrived in House 4/26/2021HouseChief House Sponsor Rep. Bob Morgan 4/27/2021HouseFirst Reading 4/27/2021HouseReferred to Rules Committee 4/28/2021HouseAssigned to Insurance Committee 5/4/2021HouseDo Pass / Consent Calendar Insurance Committee; 018-000-000 5/5/2021HousePlaced on Calendar 2nd Reading - Consent Calendar 5/12/2021HouseSecond Reading - Consent Calendar 5/12/2021HouseHeld on Calendar Order of Second Reading - Consent Calendar 5/13/2021HousePlaced on Calendar Order of 3rd Reading - Consent Calendar 5/14/2021HouseThird Reading - Consent Calendar - First Day 5/21/2021HouseThird Reading - Consent Calendar - Passed 111-000-000 5/21/2021SenatePassed Both Houses 6/17/2021SenateSent to the Governor 7/30/2021SenateGovernor Approved 7/30/2021SenateEffective Date January 1, 2022 7/30/2021SenatePublic Act . . . . . . . . . 102-0224