summary
Introduced
01/21/2022
01/21/2022
In Committee
01/21/2022
01/21/2022
Crossed Over
Passed
Dead
04/08/2022
04/08/2022
Introduced Session
102nd General Assembly
Bill Summary
Amends the Illinois Motor Vehicle Theft Prevention and Insurance Verification Act. Provides that before April 1 of each year, each insurer engaged in writing private passenger motor vehicle insurance coverage may collect and shall pay (rather than shall collect and remit) to the Department of Insurance specified amounts determined by the Illinois Law Enforcement Training Board for deposit into the State Police Training and Academy Fund and the Law Enforcement Training Fund. Makes other changes. Amends the Illinois Insurance Code. In provisions concerning plans of division approval, provides that if a dividing company amends its plan of division at any time before the plan of division becomes effective, the dividing company shall file the amended plan of division for approval by the Director of Insurance. In provisions concerning certificates of division, provides that if the dividing company files an amended plan of division with the Director after a certificate of division has been filed for a previous plan, the dividing company shall file a certificate of stay with the recorder, with a concurrent copy to the Director, and if the Director approves the amended plan, the dividing company shall file an amended certificate of division. Sets forth filing fees and charges. Provides that the Director shall charge and collect the sum of $40 (rather than $20) for any service of process on the Director as attorney. In provisions concerning the Illinois Workers' Compensation Commission Operations Fund surcharges, provides that when a company fails to pay the full amount of any annual Illinois Workers' Compensation Commission Operations Fund Surcharge of $100 or more, there shall be added to the amount due as a penalty an amount equal to 10% (rather than the greater of $1,000 or an amount equal to 5%) of the deficiency for each month or part of a month that the deficiency remains unpaid. Makes other changes. Effective immediately.
AI Summary
This bill amends the Illinois Motor Vehicle Theft Prevention and Insurance Verification Act and the Illinois Insurance Code. Key provisions include:
- Allowing insurers to collect and pay (rather than collect and remit) fees for the State Police Training and Academy Fund and the Law Enforcement Training Fund.
- Allowing the Director of Insurance to withdraw approval of a policy form if it is later determined to be misrepresentative, unjust, unfair, or deceptive.
- Requiring a dividing company to file an amended plan of division for approval if it makes changes to the plan before it becomes effective.
- Increasing the fee for service of process on the Director of Insurance from $20 to $40.
- Changing the penalty for failure to pay the full amount of the Illinois Workers' Compensation Commission Operations Fund Surcharge from the greater of $1,000 or 5% to 10% of the deficiency.
The bill makes several other changes to fees, charges, and procedures related to insurance in Illinois and takes effect immediately upon becoming law.
Sponsors (1)
Last Action
Referred to Assignments (on 01/21/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4048&GAID=16&DocTypeID=SB&SessionID=110&GA=102 |
| BillText | https://www.ilga.gov/legislation/102/SB/10200SB4048.htm |
| Bill | https://www.ilga.gov/legislation/102/SB/PDF/10200SB4048.pdf |
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