# Illinois SB0268: INSURANCE RATE FAIRNESS Illinois SB0268, INSURANCE RATE FAIRNESS, is a 104th General Assembly (2025–2026) Senate bill sponsored by Michael E. Hastings (Democratic); status in committee, last action 2025-10-23 (Added as Co-Sponsor Sen. Graciela Guzmán) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/IL-SB0268-2025-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Illinois SB0268 - State: Illinois - Session: 104th General Assembly (2025–2026) - Title: INSURANCE RATE FAIRNESS - Status: in committee - Chamber: Senate - Introduced: 2025-01-24 - Last action: 2025-10-23, Added as Co-Sponsor Sen. Graciela Guzmán - Sponsor: Michael E. Hastings (Democratic) - Cosponsors: 8 - Subjects: assignments, insurance - Touches household money: no - Economic provisions PRIA read: 0 ## 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. ## Bill overview No economic impacts identified for this bill. ## Sponsors and cosponsors - Sponsor: Michael E. Hastings (Democratic), Senate - Cosponsor: Graciela Guzmán (Democratic), Senate - Cosponsor: Laura Fine (Democratic), Senate - Cosponsor: Meg Loughran Cappel (Democratic), Senate - Cosponsor: Mike Porfirio (Democratic), Senate - Cosponsor: Mike Simmons (Democratic), Senate - Cosponsor: Patrick J. Joyce (Democratic), Senate - Cosponsor: Paul Faraci (Democratic), Senate - Cosponsor: Rachel Ventura (Democratic), Senate ## Actions (30) - 2025-10-23: Added as Co-Sponsor Sen. Graciela Guzmán (Senate) - 2025-07-17: Added as Co-Sponsor Sen. Rachel Ventura (Senate) - 2025-07-14: Added as Co-Sponsor Sen. Laura Fine (Senate) - 2025-06-02: Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments (Senate) - 2025-06-02: Rule 3-9(a) / Re-referred to Assignments (Senate) - 2025-05-23: Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 (Senate) - 2025-05-20: Postponed - Insurance (Senate) - 2025-05-20: Senate Committee Amendment No. 1 Postponed - Insurance (Senate) - 2025-05-14: Senate Committee Amendment No. 1 Postponed - Insurance (Senate) - 2025-05-09: Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 (Senate) - 2025-05-06: Postponed - Insurance (Senate) - 2025-05-06: Senate Committee Amendment No. 1 Postponed - Insurance (Senate) - 2025-04-30: Postponed - Insurance (Senate) - 2025-04-11: Rule 2-10 Committee/3rd Reading Deadline Established As May 9, 2025 (Senate) - 2025-04-04: Rule 2-10 Committee Deadline Established As April 11, 2025 (Senate) - 2025-03-21: Rule 2-10 Committee Deadline Established As April 4, 2025 (Senate) - 2025-03-19: Postponed - Insurance (Senate) - 2025-03-19: Senate Committee Amendment No. 1 Postponed - Insurance (Senate) - 2025-03-12: Senate Committee Amendment No. 1 Assignments Refers to Insurance (Senate) - 2025-03-04: Senate Committee Amendment No. 1 Referred to Assignments (Senate) - 2025-03-04: Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael E. Hastings (Senate) - 2025-03-04: Assigned to Insurance (Senate) - 2025-02-26: Added as Co-Sponsor Sen. Paul Faraci (Senate) - 2025-02-04: Added as Chief Co-Sponsor Sen. Patrick J. Joyce (Senate) - 2025-01-29: Added as Chief Co-Sponsor Sen. Mike Simmons (Senate) - 2025-01-29: Added as Chief Co-Sponsor Sen. Meg Loughran Cappel (Senate) - 2025-01-29: Added as Chief Co-Sponsor Sen. Mike Porfirio (Senate) - 2025-01-24: Referred to Assignments (Senate) - 2025-01-24: First Reading (Senate) - 2025-01-24: Filed with Secretary by Sen. Michael E. Hastings (Senate) ## Bill text - Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB0268.pdf) - Senate Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB0268sam001.pdf) ## Related bills - HB5198: AFFORDABLE HOUSING-CILAS (passed house) - SB1937: PENSION CODE-VARIOUS (passed senate) - HB2563: CONDO-RESERVE STUDY (in committee) - HB4701: LIMITATIONS FACILITY FEES ACT (in committee) - SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate) - SB3484: VEH CD-PLATES-REGISTRATION (signed) ## Sources - [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB0268.pdf) - [Senate Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB0268sam001.pdf) ## Related - [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026) - [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026) - [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026) - [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026) - [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026) - [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026) - [Illinois bills](https://policyrisk.com/states/illinois/bills) - [Illinois state hub](https://policyrisk.com/states/illinois) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IL-SB0268-2025-2026 (as of 2026-11-01).