INS-POA-SURETY
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HB 780 — INS-POA-SURETY
Last action — Session Sine Die
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 95th Regular Session. It reached “Passed House” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Amends the Illinois Insurance Code. Provides that each power of attorney for a fidelity and surety insurer issued to an agent that authorizes the agent to execute bonds may be recorded in the circuit court clerk's office. Provides that the power of attorney need only be filed once while it remains in effect. Provides that the power of attorney shall give the agent the power to bind the surety on any bond until the expiration or revocation of the power of attorney. Provides that the requirements of the Section do not apply sureties issuing bail bonds. Effective January 1, 2008.
Bill Text
What changed in the latest version
2 added · 22 removedPlain-language change summary
The revised version of Bill HB 780 adds important provisions regarding powers of attorney for agents of surety insurers. Specifically, it clarifies that these documents can be recorded in the circuit court clerk's office and only need to be filed once while active. This change simplifies the process for agents in handling bonds and ensures they maintain the authority to act on behalf of insurers until the power of attorney is revoked. This matters because it reduces administrative burdens on agents and enhances clarity in bond transactions.
*LRB09504154KBJ24192b* HB0780 95THEngrossed GENERALLRB095 ASSEMBLY04154 StateKBJ of24192 Illinoisb andAN 2008ACT HB0780concerning Introducedinsurance. 2/7/2007, by Rep.
James D.
Brosnahan SYNOPSIS AS INTRODUCED:
ILCS 5/392.2 new Amends the Illinois Insurance Code.
Provides that each power of attorney for a fidelity and surety insurer issued to an agent that authorizes the agent to execute bonds may be recorded in the circuit court clerk’s office.
Provides that the power of attorney need only be filed once while it remains in effect.
Provides that the power of attorney shall give the agent the power to bind the surety on any bond until the expiration or revocation of the power of attorney.
Provides that the requirements of the Section do not apply sureties issuing bail bonds.
Effective January 1, 2008.
LRB095 04154 KBJ 24192 b A BILL FOR HB0780 LRB095 04154 KBJ 24192 b AN ACT concerning insurance.
(c) For any power of attorney that is recorded under subsection (a) of this Section, the power of an agent to bind HB0780 Engrossed - 2 - LRB095 04154 KBJ 24192 b the surety on any bond shall, unless the power of attorney is otherwise limited, continue until the expiration of the power or until the power is revoked by the surety and recorded in the county where the power of attorney is recorded.
Action History
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Session Sine Die
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Rule 19(a) / Re-referred to Rules Committee
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Final Action Deadline Extended-9(b) May 25, 2007
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Third Reading/Final Action Deadline Extended-9(b) May 18, 2007
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Third Reading/Final Action Deadline Extended-9(b) May 10, 2007
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Third Reading/Final Action Deadline Extended-9(b) May 3, 2007
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Placed on Calendar Order of 3rd Reading - Short Debate
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Second Reading - Short Debate
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Placed on Calendar 2nd Reading - Short Debate
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Do Pass / Short Debate Judiciary I - Civil Law Committee; 013-000-000
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Assigned to Judiciary I - Civil Law Committee
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Referred to Rules Committee
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First Reading
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Filed with the Clerk by Rep. James D. Brosnahan
Sponsors
- James D. Brosnahan · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 1 co-sponsors · 182 not signed on
Sponsors (0)
None.
Co-sponsors (1)
- James D. Brosnahan
Not signed on (182)
182 members have not signed on to this bill.
Show all 182 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HB 780 do?
- Amends the Illinois Insurance Code. Provides that each power of attorney for a fidelity and surety insurer issued to an agent that authorizes the agent to execute bonds may be recorded in the circuit court clerk's office. Provides that the power of attorney need only be filed once while it remains in effect. Provides that the power of attorney shall give the agent the power to bind the surety on any bond until the expiration or revocation of the power of attorney. Provides that the requirements of the Section do not apply sureties issuing bail bonds. Effective January 1, 2008.
- Who sponsors HB 780?
- HB 780 is sponsored by James D. Brosnahan.
- What is the current status of HB 780?
- This bill died with 95th Regular Session. It reached “Passed House” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HB 780?
- Track HB 780 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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