IL SB3329

Adds insurance requirements for hydraulic fracturing operators, including workers' compensation, employer's liability, business automobile liability, commercial general liability, environmental impairment/pollution liability, and control-of-well insurance with minimum coverage limits ranging from $1,000,000 to $10,000,000.

Increases bonding requirements from $50,000 to $100,000 per permit for the first 10 wells per corporation, then $50,000 per well for additional wells, or from $500,000 to $1,000,000 for blanket bonds covering all permits.

Expands definition of regulated operations to include "horizontal drilling with fracturing operations" in addition to "high volume horizontal hydraulic fracturing."

Requires operators to obtain insurance from carriers with A.M. Best ratings of A- or better, with maximum deductibles of $250,000, and mandates the State be named as additional insured on all policies with 30-day cancellation notice requirements.

Authorizes the Department of Natural Resources to establish separate insurance and bonding requirements by rule for Class II injection wells accepting oil, liquid natural gas, or natural gas waste.