INS CD-DOMESTIC CEDING INSURER Senate SponsorsSen. Iris Y. Martinez-William R. Haine-Pamela J. Althoff House Sponsors(Rep. Anna Moeller-Michael J. Zalewski) 12/16/2016SenatePublic Act . . . . . . . . . 99-0909 215 ILCS 5/173.1from Ch. 73, par. 785.1Amends the Illinois Insurance Code in the Section concerning credit allowed a domestic ceding insurer. Provides that the assuming insurer shall provide or make certain information to be reported to the Director of Insurance available to the ceding insurer and that the assuming insurer may decline to release trade secrets or commercially sensitive information that would qualify as exempt from disclosure under the Freedom of Information Act. With regard to an assuming insurer's trust fund, provides that not later than February 28 of each year, the assuming insurer's chief executive officer or chief financial officer shall certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a trusteed surplus of not less than $20,000,000. Permits a reduction in the required trusteed surplus in specified circumstances. Provides that in the event that the provision concerning the reduction in the required trusteed surplus applies to the trust, the assuming insurer's chief executive officer or chief financial officer shall then certify to the Director that the trust fund contains funds in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by U.S. ceding insurers, and in addition, a reduced trusteed surplus of not less than the amount that has been authorized by the regulatory authority having principal regulatory oversight of the trust. Makes changes to the provisions concerning financial strength ratings. Sets forth provisions concerning downgrades by rating agencies, the Director's authority, upgrading the rating of a certified reinsurer, and the revocation of the certification of a certified reinsurer. Makes other changes.House Committee Amendment No. 1 Deletes reference to:215 ILCS 5/173.1Adds reference to:5 ILCS 80/4.26a new5 ILCS 80/4.25a rep.Replaces everything after the enacting clause. Amends the Regulatory Sunset Act. Extends the repeal of the Medical Practice Act of 1987 from December 31, 2015 to December 31, 2016. Effective immediately.House Floor Amendment No. 2 Deletes reference to:5 ILCS 80/4.26a new5 ILCS 80/4.25a rep.Adds reference to:5 ILCS 80/4.275 ILCS 80/4.27a new5 ILCS 80/4.375 ILCS 80/4.26a rep.225 ILCS 60/21from Ch. 111, par. 4400-21225 ILCS 80/3from Ch. 111, par. 3903225 ILCS 80/9from Ch. 111, par. 3909225 ILCS 80/9.5 new225 ILCS 80/10from Ch. 111, par. 3910225 ILCS 80/11from Ch. 111, par. 3911225 ILCS 80/14from Ch. 111, par. 3914225 ILCS 80/15.1225 ILCS 80/15.3 new225 ILCS 80/18from Ch. 111, par. 3918225 ILCS 80/20from Ch. 111, par. 3920225 ILCS 80/21from Ch. 111, par. 3921225 ILCS 80/24from Ch. 111, par. 3924225 ILCS 80/26.2from Ch. 111, par. 3926.2225 ILCS 80/26.6from Ch. 111, par. 3926.6225 ILCS 80/26.7from Ch. 111, par. 3926.7225 ILCS 80/26.8from Ch. 111, par. 3926.8225 ILCS 80/26.15from Ch. 111, par. 3926.15225 ILCS 80/27from Ch. 111, par. 3927225 ILCS 80/30 newReplaces everything after the enacting clause. Amends the Regulatory Sunset Act. Extends the repeal of the Medical Practice Act of 1987 from December 31, 2016 to December 31, 2017, and extends the repeal of the Illinois Optometric Practice Act of 1987 from January 1, 2017 to January 1, 2027. Amends the Medical Practice Act of 1987. Removes the requirement that the Department of Financial and Professional Regulation mail to each licensee a renewal notice at least 60 days in advance of the expiration of his or her license. Amends the Illinois Optometric Practice Act of 1987. Creates the Collaborative Optometric/Ophthalmological Task Force, and provides that on and after January 1, 2018, a certified optometrist may perform advanced optometric procedures consistent with recommendations from the Task Force. Requires applicants or licensees to inform the Department of any change of address within 14 days after the change. Allows members of the Optometric Licensing and Disciplinary Board to be reimbursed for certain expenses. Limits the liability of members of the Board in certain circumstances. In provisions concerning diagnostic and therapeutic authority, restricts when oral steroids may be prescribed. Provides that the Department may issue a license to an individual who is licensed in any foreign country or province if certain requirements are met. Provides that any fine imposed under the Act shall be payable within 60 days after the effective date of the order. Provides that the Department shall (rather than may) refuse to issue or suspend a license of licensees who fail to pay taxes. Adds provisions concerning confidentiality of certain information collected by the Department in the course of an examination or investigation of a licensee or applicant. Makes other changes. Effective immediately, except for provisions amending the Illinois Optometric Practice Act of 1987, which are effective January 1, 2017. 2/11/2015SenateFiled with Secretary by Sen. Antonio Muņoz 2/11/2015SenateFirst Reading 2/11/2015SenateReferred to Assignments 2/17/2015SenateAssigned to Insurance 3/10/2015SenateAdded as Chief Co-Sponsor Sen. William R. Haine 3/12/2015SenateDo Pass Insurance; 011-004-000 3/12/2015SenatePlaced on Calendar Order of 2nd Reading March 17, 2015 3/25/2015SenateSecond Reading 3/25/2015SenatePlaced on Calendar Order of 3rd Reading March 26, 2015 4/16/2015SenateThird Reading - Passed; 054-001-000 4/16/2015HouseArrived in House 4/16/2015HouseChief House Sponsor Rep. Anthony DeLuca 4/16/2015HouseFirst Reading 4/16/2015HouseReferred to Rules Committee 10/14/2015HouseAssigned to Health Care Licenses Committee 10/14/2015HouseFinal Action Deadline Extended-9(b) October 31, 2015 10/19/2015HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski 10/19/2015HouseHouse Committee Amendment No. 1 Referred to Rules Committee 10/19/2015HouseHouse Committee Amendment No. 1 Rules Refers to Health Care Licenses Committee 10/20/2015HouseHouse Committee Amendment No. 1 Adopted in Health Care Licenses Committee; by Voice Vote 10/20/2015HouseDo Pass as Amended / Short Debate Health Care Licenses Committee; 011-000-000 10/20/2015HousePlaced on Calendar 2nd Reading - Short Debate 10/20/2015SenateChief Sponsor Changed to Sen. Iris Y. Martinez 10/20/2015HouseSecond Reading - Short Debate 10/20/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate 10/20/2015HouseAlternate Chief Sponsor Changed to Rep. Michael J. Zalewski 10/30/2015HouseFinal Action Deadline Extended-9(b) December 4, 2015 12/4/2015HouseFinal Action Deadline Extended-9(b) January 29, 2016 1/29/2016HouseFinal Action Deadline Extended-9(b) April 28, 2016 4/28/2016HouseRule 19(a) / Re-referred to Rules Committee 11/9/2016HouseApproved for Consideration Rules Committee; 003-000-000 11/9/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate 11/14/2016HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski 11/14/2016HouseHouse Floor Amendment No. 2 Referred to Rules Committee 11/14/2016HouseHouse Floor Amendment No. 2 Rules Refers to Health Care Licenses Committee 11/15/2016HouseHouse Floor Amendment No. 2 Recommends Be Adopted Health Care Licenses Committee; 011-000-000 11/16/2016HouseRecalled to Second Reading - Short Debate 11/16/2016HouseHouse Floor Amendment No. 2 Adopted 11/16/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate 11/16/2016House3/5 Vote Required 11/16/2016HouseAlternate Chief Sponsor Changed to Rep. Anna Moeller 11/16/2016HouseAdded Alternate Chief Co-Sponsor Rep. Michael J. Zalewski 11/16/2016HouseThird Reading - Short Debate - Passed 107-000-000 11/16/2016SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2 11/16/2016SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2 - November 29, 2016 11/16/2016SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Iris Y. Martinez 11/16/2016SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments 11/16/2016SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Iris Y. Martinez 11/16/2016SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments 11/16/2016SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff 11/29/2016SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Licensed Activities and Pensions 11/29/2016SenateHouse Floor Amendment No. 2 Motion to Concur Assignments Referred to Licensed Activities and Pensions 11/29/2016SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 007-000-000 11/29/2016SenateHouse Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 007-000-000 12/1/2016Senate3/5 Vote Required 12/1/2016SenateHouse Committee Amendment No. 1 Senate Concurs 051-000-000 12/1/2016SenateHouse Floor Amendment No. 2 Senate Concurs 051-000-000 12/1/2016SenateSenate Concurs 12/1/2016SenatePassed Both Houses 12/15/2016SenateSent to the Governor 12/16/2016SenateGovernor Approved 12/16/2016SenateEffective Date December 16, 2016; Some Portions 12/16/2016SenateEffective Date January 1, 2017; Some Portions 12/16/2016SenatePublic Act . . . . . . . . . 99-0909