HB4633 | Illinois 2015-2016 | UNCLAIMED LIFE INS BENEFITS

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On August 26, 2016 in the House:

Public Act . . . . . . . . . 99-0893
Effective Date January 1, 2017
Governor Approved

On June 27, 2016 in the House:

Sent to the Governor

On May 31, 2016 in the House:

Passed Both Houses
House Concurs
Senate Committee Amendment No. 1 House Concurs 118-000-000
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Consumer Protection Committee; 015-000-000

On May 30, 2016 in the House:

Senate Committee Amendment No. 1 Motion Filed Concur Rep. Robert Martwick
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Consumer Protection Committee

On May 29, 2016 in the House:

Placed on Calendar Order of Concurrence Senate Amendment(s) 1
Arrived in House

On May 27, 2016 in the Senate:

Third Reading - Passed; 054-000-000

On May 26, 2016 in the Senate:

Placed on Calendar Order of 3rd Reading May 27, 2016
Second Reading
Placed on Calendar Order of 2nd Reading
Do Pass as Amended Insurance; 015-000-000

On May 25, 2016 in the Senate:

Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Assignments Refers to Insurance

On May 24, 2016 in the Senate:

Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
Senate Committee Amendment No. 1 Referred to Assignments

On May 19, 2016 in the Senate:

Rule 2-10 Committee Deadline Established As May 27, 2016

On May 18, 2016 in the Senate:

Assigned to Insurance
Alternate Chief Co-Sponsor Changed to Sen. John G. Mulroe
Alternate Chief Sponsor Changed to Sen. William R. Haine

On May 13, 2016 in the Senate:

Rule 2-10 Committee Deadline Established As May 27, 2016

On April 21, 2016 in the Senate:

Sponsor Removed Sen. Patricia Van Pelt

On April 14, 2016 in the Senate:

Referred to Assignments
First Reading
Placed on Calendar Order of First Reading
Arrive in Senate

On April 13, 2016 in the House:

Removed from Short Debate Status
Third Reading - Standard Debate - Passed 075-034-000
Placed on Calendar Order of 3rd Reading - Standard Debate

On April 6, 2016 in the House:

Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate

On April 5, 2016 in the House:

Placed on Calendar 2nd Reading - Short Debate

On April 4, 2016 in the House:

Do Pass / Short Debate Consumer Protection Committee; 010-006-000

On February 23, 2016 in the House:

Assigned to Consumer Protection Committee

On February 1, 2016 in the House:

Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Robert Martwick

Senate Amendment 001

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.