UNCLAIMED LIFE INS BENEFITS House SponsorsRep. Robert Martwick-Sue Scherer-Mary E. Flowers-Sara Feigenholtz-Jerry Costello, II, Eddie Lee Jackson, Sr., Natalie A. Manley, Elizabeth Hernandez, Silvana Tabares, Will Guzzardi, Pamela Reaves-Harris, La Shawn K. Ford, Emanuel Chris Welch, Ann M. Williams, Jaime M. Andrade, Jr., Martin J. Moylan, Monique D. Davis, Gregory Harris, William Davis, John C. D'Amico, Michael J. Zalewski, Deb Conroy, Jay Hoffman, Katherine Cloonen, Mike Smiddy, Patrick J. Verschoore, Kelly M. Burke, Sam Yingling, Rita Mayfield, Andrew F Skoog, Carol Ammons, Sonya M. Harper, Litesa E. Wallace, Carol Sente, Jack D. Franks, Kelly M. Cassidy, Elaine Nekritz, Michelle Mussman, Laura Fine, Marcus C. Evans, Jr., Luis Arroyo, Lawrence Walsh, Jr. and Frances Ann Hurley Senate Sponsors(Sen. William R. Haine-John G. Mulroe, Emil Jones, III-Jacqueline Y. Collins, William Delgado, Martin A. Sandoval-Mattie Hunter-Linda Holmes, Scott M. Bennett, Iris Y. Martinez, Andy Manar, Patricia Van Pelt, Wm. Sam McCann, Daniel Biss, Napoleon Harris, III, William E. Brady, Steven M. Landek, Melinda Bush, Julie A. Morrison, Michael Noland and Thomas Cullerton) 8/26/2016HousePublic Act . . . . . . . . . 99-0893 New Act215 ILCS 5/424from Ch. 73, par. 1031 Creates the Unclaimed Life Insurance Benefits Act. Provides that the purpose of the Act is to require all authorized insurers regulated by the Department of Insurance to undertake good faith efforts, as specified in the Act, to locate and pay beneficiaries' proceeds under unclaimed life insurance policies, annuity contracts, and retained asset accounts issued in the State or remit such proceeds as unclaimed property to the appropriate jurisdiction if the beneficiaries are unable to be located or paid. Requires insurers to implement the certain policies and procedures for performing a comparison of its policies, annuity contracts, and retained asset accounts against the United States Social Security Administration's Death Master File. Provides that failure to meet any requirement of the Act is an unfair trade practice under the Illinois Insurance Code, and amends the Illinois Insurance Code to make a corresponding change.Senate Committee Amendment No. 1 Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with the following changes: Makes changes to provisions setting forth the purpose of the Act. Requires insurers to complete an initial comparison of its records with the Death Master File by December 31, 2017 and then on a semi-annual basis thereafter. Provides that in the event that one of the insurer's lines of business conducts a search for matches more frequently than semi-annually, then all lines of the insurer's business shall conduct searches for matches with the same frequency. Removes provisions concerning partial matches. Makes changes to the procedure for potential matches and searches an insurer must perform. Provides that nothing in the Act shall be construed to amend, modify, or supersede the Uniform Disposition of Unclaimed Property Act. Requires the Department of Insurance to develop and implement a lost policy finder to assist requesters with locating unclaimed life insurance benefits. Provides that the Department may limit an insurer's Death Master File comparisons to the insurer's electronic searchable files or approve a plan and timeline for conversion of the insurer's files to searchable electronic files upon a demonstration of hardship by the insurer. Removes and makes changes to certain definitions. Changes various references from "insureds" to "insureds, annuitants, and retained asset account holders." Makes other changes. 2/1/2016HouseFiled with the Clerk by Rep. Robert Martwick 2/1/2016HouseFirst Reading 2/1/2016HouseReferred to Rules Committee 2/16/2016HouseAdded Chief Co-Sponsor Rep. Monique D. Davis 2/16/2016HouseAdded Chief Co-Sponsor Rep. Gregory Harris 2/16/2016HouseAdded Chief Co-Sponsor Rep. Sara Feigenholtz 2/16/2016HouseAdded Chief Co-Sponsor Rep. Mary E. Flowers 2/23/2016HouseAssigned to Consumer Protection Committee 2/25/2016HouseAdded Co-Sponsor Rep. Eddie Lee Jackson, Sr. 3/2/2016HouseAdded Co-Sponsor Rep. Natalie A. Manley 3/2/2016HouseAdded Co-Sponsor Rep. Elizabeth Hernandez 3/2/2016HouseAdded Co-Sponsor Rep. Silvana Tabares 3/2/2016HouseAdded Co-Sponsor Rep. Will Guzzardi 3/2/2016HouseAdded Co-Sponsor Rep. Pamela Reaves-Harris 3/2/2016HouseAdded Co-Sponsor Rep. La Shawn K. Ford 3/2/2016HouseAdded Co-Sponsor Rep. Emanuel Chris Welch 3/2/2016HouseAdded Co-Sponsor Rep. Ann M. Williams 3/2/2016HouseAdded Co-Sponsor Rep. Jerry Costello, II 3/3/2016HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr. 3/7/2016HouseAdded Co-Sponsor Rep. Martin J. Moylan 3/29/2016HouseAdded Co-Sponsor Rep. Sue Scherer 4/4/2016HouseDo Pass / Short Debate Consumer Protection Committee; 010-006-000 4/5/2016HousePlaced on Calendar 2nd Reading - Short Debate 4/6/2016HouseSecond Reading - Short Debate 4/6/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/7/2016HouseRemove Chief Co-Sponsor Rep. Monique D. Davis 4/7/2016HouseAdded Co-Sponsor Rep. Monique D. Davis 4/7/2016HouseRemove Chief Co-Sponsor Rep. Gregory Harris 4/7/2016HouseAdded Co-Sponsor Rep. Gregory Harris 4/7/2016HouseAdded Chief Co-Sponsor Rep. Sue Scherer 4/7/2016HouseRemoved Co-Sponsor Rep. Jerry Costello, II 4/7/2016HouseRemoved Co-Sponsor Rep. Sue Scherer 4/7/2016HouseAdded Chief Co-Sponsor Rep. Jerry Costello, II 4/7/2016HouseAdded Co-Sponsor Rep. William Davis 4/7/2016HouseAdded Co-Sponsor Rep. John C. D'Amico 4/7/2016HouseAdded Co-Sponsor Rep. Michael J. Zalewski 4/7/2016HouseAdded Co-Sponsor Rep. Deb Conroy 4/7/2016HouseAdded Co-Sponsor Rep. Jay Hoffman 4/7/2016HouseAdded Co-Sponsor Rep. Katherine Cloonen 4/7/2016HouseAdded Co-Sponsor Rep. Mike Smiddy 4/7/2016HouseAdded Co-Sponsor Rep. Patrick J. Verschoore 4/7/2016HouseAdded Co-Sponsor Rep. Kelly M. Burke 4/7/2016HouseAdded Co-Sponsor Rep. Sam Yingling 4/7/2016HouseAdded Co-Sponsor Rep. Rita Mayfield 4/7/2016HouseAdded Co-Sponsor Rep. Andrew F Skoog 4/7/2016HouseAdded Co-Sponsor Rep. Carol Ammons 4/7/2016HouseAdded Co-Sponsor Rep. Sonya M. Harper 4/7/2016HouseAdded Co-Sponsor Rep. Litesa E. Wallace 4/11/2016HouseAdded Co-Sponsor Rep. Carol Sente 4/12/2016HouseAdded Co-Sponsor Rep. Jack D. Franks 4/12/2016HouseAdded Co-Sponsor Rep. Kelly M. Cassidy 4/12/2016HouseAdded Co-Sponsor Rep. Elaine Nekritz 4/12/2016HouseAdded Co-Sponsor Rep. Michelle Mussman 4/12/2016HouseAdded Co-Sponsor Rep. Laura Fine 4/13/2016HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr. 4/13/2016HouseRemoved from Short Debate Status 4/13/2016HousePlaced on Calendar Order of 3rd Reading - Standard Debate 4/13/2016HouseThird Reading - Standard Debate - Passed 075-034-000 4/13/2016HouseAdded Co-Sponsor Rep. Luis Arroyo 4/13/2016HouseAdded Co-Sponsor Rep. Lawrence Walsh, Jr. 4/14/2016SenateArrive in Senate 4/14/2016SenatePlaced on Calendar Order of First Reading 4/14/2016SenateChief Senate Sponsor Sen. John G. Mulroe 4/14/2016SenateAdded as Alternate Co-Sponsor Sen. Emil Jones, III 4/14/2016SenateFirst Reading 4/14/2016SenateReferred to Assignments 4/19/2016SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins 4/21/2016SenateAdded as Alternate Co-Sponsor Sen. William Delgado 4/21/2016SenateAdded as Alternate Co-Sponsor Sen. Martin A. Sandoval 4/21/2016SenateAdded as Alternate Chief Co-Sponsor Sen. Mattie Hunter 4/21/2016SenateAdded as Alternate Chief Co-Sponsor Sen. Linda Holmes 4/21/2016SenateAdded as Alternate Chief Co-Sponsor Sen. Patricia Van Pelt 4/21/2016SenateAdded as Alternate Co-Sponsor Sen. Scott M. Bennett 4/21/2016SenateSponsor Removed Sen. Patricia Van Pelt 4/22/2016SenateAdded as Alternate Co-Sponsor Sen. Iris Y. Martinez 4/22/2016SenateAdded as Alternate Co-Sponsor Sen. Andy Manar 5/13/2016SenateRule 2-10 Committee Deadline Established As May 27, 2016 5/18/2016SenateAlternate Chief Sponsor Changed to Sen. William R. Haine 5/18/2016SenateAdded as Alternate Co-Sponsor Sen. Patricia Van Pelt 5/18/2016SenateAlternate Chief Co-Sponsor Changed to Sen. John G. Mulroe 5/18/2016SenateAssigned to Insurance 5/19/2016SenateRule 2-10 Committee Deadline Established As May 27, 2016 5/24/2016SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine 5/24/2016SenateSenate Committee Amendment No. 1 Referred to Assignments 5/24/2016SenateAdded as Alternate Co-Sponsor Sen. Wm. Sam McCann 5/24/2016SenateAdded as Alternate Co-Sponsor Sen. Daniel Biss 5/25/2016SenateAdded as Alternate Co-Sponsor Sen. Napoleon Harris, III 5/25/2016SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance 5/25/2016SenateAdded as Alternate Co-Sponsor Sen. William E. Brady 5/25/2016SenateSenate Committee Amendment No. 1 Adopted 5/26/2016SenateDo Pass as Amended Insurance; 015-000-000 5/26/2016SenatePlaced on Calendar Order of 2nd Reading 5/26/2016SenateSecond Reading 5/26/2016SenatePlaced on Calendar Order of 3rd Reading May 27, 2016 5/27/2016SenateAdded as Alternate Co-Sponsor Sen. Steven M. Landek 5/27/2016SenateAdded as Alternate Co-Sponsor Sen. Melinda Bush 5/27/2016SenateAdded as Alternate Co-Sponsor Sen. Julie A. Morrison 5/27/2016SenateThird Reading - Passed; 054-000-000 5/29/2016HouseArrived in House 5/29/2016HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1 5/30/2016SenateAdded as Alternate Co-Sponsor Sen. Michael Noland 5/30/2016HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Robert Martwick 5/30/2016HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee 5/30/2016HouseSenate Committee Amendment No. 1 Motion to Concur Rules Referred to Consumer Protection Committee 5/31/2016HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Consumer Protection Committee; 015-000-000 5/31/2016HouseAdded Co-Sponsor Rep. Frances Ann Hurley 5/31/2016HouseSenate Committee Amendment No. 1 House Concurs 118-000-000 5/31/2016HouseHouse Concurs 5/31/2016SenateAdded as Alternate Co-Sponsor Sen. Thomas Cullerton 5/31/2016HousePassed Both Houses 6/27/2016HouseSent to the Governor 8/26/2016HouseGovernor Approved 8/26/2016HouseEffective Date January 1, 2017 8/26/2016HousePublic Act . . . . . . . . . 99-0893