INSURANCE RATE FAIRNESS
Sponsored By: Michael E. Hastings (Democratic)
In Committee
Summary
Creates the Insurance Fairness and Consumer Protection Law Article of the Illinois Insurance Code. Provides that insurers must submit a request for approval to the Department of Insurance for any proposed rate increase for homeowners insurance premiums or automobile insurance premiums. Prohibits implementing any rate increase without prior written approval of the Department. Prohibits using nondriving factors, such as credit score, occupation, and education level, to determine automobile insurance premiums. Provides that, for homeowners insurance, factors unrelated to the insured property's location, age, and condition shall not be considered in rate setting. Requires a public disclosure and comment period for any proposed rate increase exceeding 10% in a 12-month period. Prohibits an insurer from increasing premiums by more than 15% per year for any policyholder without exceptional justification, which must include specified evidence. Sets forth provisions concerning definitions; penalties; reimbursement of consumers; market conduct actions; Department approval of rate increases; and rulemaking. Effective immediately.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Michael E. Hastings
Democratic • Senate
Cosponsors
Graciela Guzmán
Democratic • Senate
Laura Fine
Democratic • Senate
Meg Loughran Cappel
Democratic • Senate
Mike Porfirio
Democratic • Senate
Mike Simmons
Democratic • Senate
Patrick J. Joyce
Democratic • Senate
Paul Faraci
Democratic • Senate
Rachel Ventura
Democratic • Senate
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Added as Co-Sponsor Sen. Graciela Guzmán
10/23/2025SenateAdded as Co-Sponsor Sen. Rachel Ventura
7/17/2025SenateAdded as Co-Sponsor Sen. Laura Fine
7/14/2025SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
6/2/2025SenateRule 3-9(a) / Re-referred to Assignments
6/2/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
5/23/2025SenatePostponed - Insurance
5/20/2025SenateSenate Committee Amendment No. 1 Postponed - Insurance
5/20/2025SenateSenate Committee Amendment No. 1 Postponed - Insurance
5/14/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
5/9/2025SenatePostponed - Insurance
5/6/2025SenateSenate Committee Amendment No. 1 Postponed - Insurance
5/6/2025SenatePostponed - Insurance
4/30/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 9, 2025
4/11/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025
4/4/2025SenateRule 2-10 Committee Deadline Established As April 4, 2025
3/21/2025SenatePostponed - Insurance
3/19/2025SenateSenate Committee Amendment No. 1 Postponed - Insurance
3/19/2025SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance
3/12/2025SenateSenate Committee Amendment No. 1 Referred to Assignments
3/4/2025SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Michael E. Hastings
3/4/2025SenateAssigned to Insurance
3/4/2025SenateAdded as Co-Sponsor Sen. Paul Faraci
2/26/2025SenateAdded as Chief Co-Sponsor Sen. Patrick J. Joyce
2/4/2025SenateAdded as Chief Co-Sponsor Sen. Mike Simmons
1/29/2025Senate
Bill Text
Introduced
Senate Amendment 1
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