Insurance Related Legislation Pending in the Illinois General Assembly

Several insurance related bills are currently pending in the Illinois General Assembly. A Senate passage deadline has been extended to May 5, 2017 for a bill requiring diversity reporting by insurers (Senate Bill 809) and a bill banning the use of credit information to calculate personal automobile insurance premiums (Senate Bill 1706). A bill to allow credit for reinsurance (Senate Bill 1737) and a bill concerning industrial insureds and exempt commercial purchasers (Senate Bill 1833) passed in the Senate and are awaiting House action. The General Assembly is scheduled to be in session for 20 more days. The General Assembly is scheduled to adjourn on May 31.