IllinoisHB5619104th General Assembly (2025–2026)House

INS-FIRE & EXTENDED COVERAGE

Sponsored By: Sharon Chung

In Committee

Summary

Amends the Illinois Insurance Code. Creates the Rates for Fire and Extended Coverage Insurance Article. Provides that the Article applies to policies of fire and extended coverage insurance and establishes policies that are exempt from the Article. Provides that rates shall not be excessive, inadequate, or unfairly discriminatory, as specified. Sets forth provisions concerning filing requirements for insurers in competitive and noncompetitive markets and the monitoring duties of the Director of Insurance concerning market competition and the availability of insurance for the policies of insurance to which the Article applies. Provides that a competitive market is presumed to exist for a line of insurance unless the Director, after a hearing, issues an order stating that a reasonable degree of competition does not exist in the market. Provides that the ruling of the Director regarding market competition is subject to judicial review under the Administrative Review Law. Effective January 1, 2028.

insurance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Sharon Chung

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/27/2026House
  2. To Insurance Main Subcommittee

    3/20/2026House
  3. Assigned to Insurance Committee

    3/12/2026House
  4. Referred to Rules Committee

    2/13/2026House
  5. First Reading

    2/13/2026House
  6. Filed with the Clerk by Rep. Sharon Chung

    2/6/2026House

Bill Text

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