Topic: Illinois Developments
2018 Statewide Elections: A Mixed Bag for Insurers?
All eyes have been focused on the federal mid-term elections and the impact on the U.S. House and Senate. Post-mortems by the pundits have begun. See Locke Lord’s take on the mid-terms. The divided government in Washington, D.C. may well stymie efforts to regulate the insurance industry at the federal level, except in very limited circumstances where bi-partisan accord can be achieved.
Read MoreIllinois Governor Issues Amendatory Veto to Insurance Omnibus Legislation
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 MorePrivacy & Cybersecurity Newsletter – August 2018
In This Issue:
Follow the Leader: NYDFS Cybersecurity Regulation Leads the Way for Other States and Industries
Read MoreIllinois Department of Insurance Proposes Amendments to the Insurance Data Reporting Requirements Regulation
The Illinois Department of Insurance has issued a notice of proposed amendments to the Insurance Data Reporting Requirements Regulation (50 Ill. Adm. Code 4203).
Read MoreChanges to Illinois Unclaimed Life Insurance Benefits Act Become Law
The 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 MoreIllinois Department of Insurance Proposes New Rule on Domestic Insurers Service of Process Requirements
The 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 Us for a Complimentary CLE Seminar, “What’s Happening in Springfield? Illinois Insurance Department, Industry & Legislative Updates – Regulatory and Political Hot Topics for Insurers”
Please join Locke Lord for a complimentary CLE seminar on Wednesday, October 11th from 2:00-5:00 p.m.
Read MoreNotice of Withdrawal of Proposed Amendments to the Illinois Insurance Department Consumer Complaints Rule
The 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.
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