PORTABLE ELECTRONICS INS ACT House SponsorsRep. Monique D. Davis Senate Sponsors(Sen. William R. Haine) 8/15/2011HousePublic Act . . . . . . . . . 97-0366 New Act Creates the Portable Electronics Insurance Act. Requires vendors of portable electronics to hold a limited-lines license to sell or offer coverage under a policy of portable electronics insurance. Provides that a limited-lines license issued under the Act shall authorize any employee or authorized representative of the vendor to sell or offer coverage under a policy of portable electronics insurance. Establishes requirements for the sale of portable electronics insurance. Sets forth the conditions under which a vendor of portable electronics shall not be subject to licensure as an insurance producer under the Illinois Insurance Code. Sets forth provisions concerning billing, suspension or revocation of license, termination of insurance, and application for licensure.House Floor Amendment No. 3 Replaces everything after the enacting clause with the bill as introduced and the following changes. Makes changes to the provision concerning definitions and adds a definition for "location". Makes changes to the provision concerning premium refunds. Provides that for violations of the Act, the Director of Insurance may take action under the Illinois Insurance Code provision concerning license denial, nonrenewal, and revocation. Deletes a provision concerning the appointment of the Director as an applicant's attorney to receive service of all legal process issued against the applicant in the State. Provides that any vendor engaging in portable electronics insurance transactions on or before the effective date of the Act must apply for licensure within 90 days after the effective date of the Act and any applicant commencing operations after the effective date of the Act must obtain a license prior to offering portable electronics insurance. Makes other changes. Effective on January 1, 2012. 2/8/2011HouseFiled with the Clerk by Rep. Monique D. Davis 2/8/2011HouseFirst Reading 2/8/2011HouseReferred to Rules Committee 2/14/2011HouseAssigned to Insurance Committee 3/8/2011HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Monique D. Davis 3/8/2011HouseHouse Committee Amendment No. 1 Referred to Rules Committee 3/8/2011HouseDo Pass / Short Debate Insurance Committee; 019-000-000 3/9/2011HousePlaced on Calendar 2nd Reading - Short Debate 3/9/2011HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40 4/1/2011HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Monique D. Davis 4/1/2011HouseHouse Floor Amendment No. 2 Referred to Rules Committee 4/11/2011HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Monique D. Davis 4/11/2011HouseHouse Floor Amendment No. 3 Referred to Rules Committee 4/12/2011HouseHouse Floor Amendment No. 3 Rules Refers to Insurance Committee 4/12/2011HouseHouse Floor Amendment No. 3 Recommends Be Adopted Insurance Committee; 018-000-000 4/13/2011HouseSecond Reading - Short Debate 4/13/2011HouseHouse Floor Amendment No. 3 Adopted by Voice Vote 4/13/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/14/2011HouseThird Reading - Short Debate - Passed 062-052-000 4/14/2011HouseHouse Floor Amendment No. 2 Tabled Pursuant to Rule 40 4/14/2011SenateArrive in Senate 4/14/2011SenatePlaced on Calendar Order of First Reading April 15, 2011 4/14/2011SenateChief Senate Sponsor Sen. William R. Haine 4/15/2011SenateFirst Reading 4/15/2011SenateReferred to Assignments 4/27/2011SenateAssigned to Insurance 5/13/2011SenateRule 2-10 Committee Deadline Established As May 31, 2011 5/16/2011SenateDo Pass Insurance; 011-000-000 5/16/2011SenatePlaced on Calendar Order of 2nd Reading May 17, 2011 5/17/2011SenateSecond Reading 5/17/2011SenatePlaced on Calendar Order of 3rd Reading May 18, 2011 5/18/2011SenateThird Reading - Passed; 053-000-000 5/18/2011HousePassed Both Houses 6/16/2011HouseSent to the Governor 8/15/2011HouseGovernor Approved 8/15/2011HouseEffective Date January 1, 2012 8/15/2011HousePublic Act . . . . . . . . . 97-0366