On August 26, 2018, Illinois Governor Bruce Rauner issued an amendatory veto to insurance omnibus legislation, Senate Bill 1737. The amendatory veto deletes provisions in the bill related to short-term limited-duration health plans and worker’s compensation insurance. Portions of the bill concerning captive insurance regulation, domestic stock company division and credit for reinsurance remain in the bill.
Read MoreIn This Issue:
Follow the Leader: NYDFS Cybersecurity Regulation Leads the Way for Other States and Industries
Read MoreThe Illinois Department of Insurance has issued a notice of proposed amendments to the Insurance Data Reporting Requirements Regulation (50 Ill. Adm. Code 4203).
Read MoreThe Unclaimed Life Insurance Benefits Act, which requires insurers to periodically match their policies, annuity contracts, and retained asset accounts against the United States Social Security Administration’s Death Master File was signed into law on August 26, 2016 and became effective January 1, 2017.
Read MoreThe Illinois Department of Insurance has issued a notice of proposed rule to add a new rule (50 Ill. Adm. Code 206) regarding domestic insurance companies service of process requirements.
Read MorePlease join Locke Lord for a complimentary CLE seminar on Wednesday, October 11th from 2:00-5:00 p.m.
Read MoreThe Illinois Department of Insurance (“DOI”) has issued a notice of withdrawal of its proposed amendments to the Illinois Insurance Department Consumer Complaints Rule (50 Ill. Adm. Code 926) that were described in our January 9, 2017 blog post.
Read MoreThe Illinois Department of Insurance recently adopted amendments to three parts of the insurance holding company systems regulations (50 Ill. Adm. Code 651, 653, 655).
Read MoreThe Illinois Department of Insurance has issued a Notice of Proposed Repealer of the Reinsurance Ceded Contracts regulation (50 Ill. Adm. Code Part 1101). The regulation requires all insurance companies to submit a certified copy of a reinsurance ceded contract upon written request of the Director of Insurance.
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