Illinois HB 47: INS CD-IIGF/CYBERSECURITY

Introduced Dec 5, 2022
In committee Jan 12, 2023
Passed the House Mar 15, 2023
Passed the Senate May 11, 2023
To the governor Jun 9, 2023
Became law Jun 30, 2023

What it does

The legislature's own summary of the bill, or its official long title.

Read the full title (211 words)

Amends the Illinois Insurance Code. Provides that if the entry of an Order of Liquidation occurs on or after January 1, 2023, then the obligations shall not exceed $500,000 or exceed without any deduction $50,000 for any unearned premium claim or refund under any one policy. Provides that in no event shall the Fund be obligated to pay an amount in excess of $500,000 in the aggregate for all first-party and third-party claims under a policy or endorsement providing cybersecurity insurance coverage and arising out of or related to a single insured event, regardless of the number of claims made or number of claimants. Provides that the Illinois Insurance Guaranty Fund shall have the right to appoint or approve and to direct legal counsel and other service providers under any other insurance policies subject to the provisions, regardless of any limitations in the policy. Provides that the Fund may employ or retain such persons as are necessary to provide policy benefits and services. Provides that the Fund may, at its sole discretion and without assumption of any ongoing duty to do so, pay any cybersecurity insurance obligations covered by a policy of an insolvent company on behalf of a high net worth insured. Defines cybersecurity insurance. Makes other changes. Effective immediately.

Every action

25 steps, oldest first, as the legislature records them.

Show the 17 earlier steps

Dec 5, 2022HousePrefiled with Clerk by Rep. Jay Hoffman
Jan 12, 2023HouseFirst Reading
Jan 12, 2023CommitteeReferred to Rules Committee · House Rules
Feb 7, 2023CommitteeAssigned to Insurance Committee · House Insurance
Feb 21, 2023CommitteeDo Pass / Short Debate Insurance Committee; 014-000-000 · House Insurance
Feb 22, 2023HousePlaced on Calendar 2nd Reading - Short Debate
Mar 14, 2023HouseSecond Reading - Short Debate
Mar 14, 2023HousePlaced on Calendar Order of 3rd Reading - Short Debate
Mar 15, 2023HouseThird Reading - Short Debate - Passed 114-000-000
Mar 21, 2023SenateArrive in Senate
Mar 21, 2023SenatePlaced on Calendar Order of First Reading
Mar 21, 2023SenateChief Senate Sponsor Sen. Napoleon Harris, III
Mar 21, 2023SenateFirst Reading
Mar 21, 2023CommitteeReferred to Assignments · Senate Assignments
Apr 12, 2023CommitteeApproved for Consideration Assignments · Senate Assignments
Apr 12, 2023SenatePlaced on Calendar Order of 2nd Reading April 18, 2023
Apr 20, 2023SenateSecond Reading

Apr 20, 2023SenatePlaced on Calendar Order of 3rd Reading April 25, 2023
May 5, 2023SenatePlaced on Calendar Order of 3rd Reading ** May 8, 2023
May 11, 2023SenateThird Reading - Passed; 056-000-000
May 11, 2023HousePassed Both Houses
Jun 9, 2023HouseSent to the Governor
Jun 30, 2023HouseGovernor Approved
Jun 30, 2023HouseEffective Date June 30, 2023
Jun 30, 2023HousePublic Act . . . . . . . . . 103-0113

Roll calls

3 recorded votes: 2 on the floor, 1 in committee. Each shows how every member voted.

Third Reading · Full House

Passed 114–0

Mar 15, 2023 · journal entry

Yes 114 No 0 Not voting 3

Democrats: 74 yes, 0 no Republicans: 40 yes, 0 no

How each member voted

Yes · 114

Absent · 1

Lamont J. Robinson, Jr.D

Excused · 2

Third Reading · Full Senate

Passed 56–0

May 11, 2023 · journal entry

Yes 56 No 0 Not voting 3

Democrats: 37 yes, 0 no Republicans: 19 yes, 0 no

How each member voted

Yes · 56

Not voting · 3

Committee and other votes

Date	Where	Question	Result
Feb 21, 2023	House Insurance	Insurance - Do Pass Members Yes · 14 Adam M. NiemergR Anthony DeLucaD Bob MorganD Camille Y. LillyD Jeff KeicherR Jenn Ladisch DouglassD John EgofskeR Jonathan CarrollD La Shawn K. FordD Lilian JiménezD Rita MayfieldD Thaddeus JonesD Travis WeaverR William E HauterR Not voting · 1 Jawaharial WilliamsD	Passed 14–0