GA96HB394 96 HB 394 INS CD-ANNUAL STATEMENTS Amends the Illinois Insurance Code. Provides that every property and casualty insurance company doing business in this State, unless otherwise exempted by the Director of Insurance, shall annually submit the opinion of an appointed actuary entitled "Statement of Actuarial Opinion". Provides that the opinion shall be filed in accordance with the appropriate National Association of Insurance Commissioners Property and Casualty Annual Statement Instructions. Provides that every property and casualty insurance company domiciled in this State that is required to submit a Statement of Actuarial Opinion shall annually submit an Actuarial Opinion Summary, written by the company's appointed actuary. Provides that an Actuarial Report and underlying workpapers as required by the appropriate National Association of Insurance Commissioners Property and Casualty Annual Statement Instructions shall be prepared to support each Actuarial Opinion. Provides that the appointed actuary shall not be liable for damages to any person (other than the insurance company and the Director) for any act, error, omission, decision, or conduct with respect to the actuary's opinion, except in cases of fraud or willful misconduct on the part of the appointed actuary. Makes other changes. Effective immediately. http://www.ilga.gov/legislation/BillStatus.asp?DocNum=394&GAID=10&DocTypeID=HB&LegId=40684&SessionID=76&GA=96 2009-02-18 00:00:00 House Do Pass / Short Debate Insurance Committee; 020-000-000 0 4 HINS 2009-08-07 00:00:00 House Governor Approved 0 22 2009-08-07 00:00:00 House Effective Date August 7, 2009 0 23 2009-08-07 00:00:00 House Public Act . . . . . . . . . 96-0145 1 24 2009-05-13 00:00:00 House Passed Both Houses 0 20 2009-06-11 00:00:00 House Sent to the Governor 0 21 2009-04-30 00:00:00 Senate Placed on Calendar Order of 2nd Reading May 5, 2009 0 16 2009-05-13 00:00:00 Senate Third Reading - Passed; 057-000-000 1 19 2009-05-07 00:00:00 Senate Second Reading 1 17 2009-05-07 00:00:00 Senate Placed on Calendar Order of 3rd Reading May 12, 2009 0 18 2009-04-30 00:00:00 Senate Do Pass Insurance; 008-000-000 0 15 SINS 2009-03-06 00:00:00 Senate First Reading 1 12 2009-03-06 00:00:00 Senate Referred to Assignments 0 13 SCOA 2009-03-05 00:00:00 Senate Placed on Calendar Order of First Reading March 6, 2009 0 10 2009-04-22 00:00:00 Senate Assigned to Insurance 0 14 SINS 2009-03-05 00:00:00 Senate Chief Senate Sponsor Sen. William R. Haine 0 11 2009-03-05 00:00:00 Senate Arrive in Senate 0 9 2009-02-24 00:00:00 House Second Reading - Short Debate 1 6 2009-02-24 00:00:00 House Placed on Calendar Order of 3rd Reading - Short Debate 0 7 2009-03-04 00:00:00 House Third Reading - Short Debate - Passed 110-000-000 1 8 2009-02-19 00:00:00 House Placed on Calendar 2nd Reading - Short Debate 0 5 2009-02-09 00:00:00 House Assigned to Insurance Committee 0 3 HINS 2009-02-03 00:00:00 House Referred to Rules Committee 0 2 HRUL 2009-02-03 00:00:00 House First Reading 1 1 2009-02-02 00:00:00 House Filed with the Clerk by Rep. Dan Brady 0 0 DanBrady House Chief Sponsor WilliamRHaine Senate Chief Sponsor