IllinoisSB1769104th General Assembly (2025–2026)Senate

INS CD-REBATE PAYMENT & ACCEPT

Sponsored By: Dave Syverson (Republican)

In Committee

Summary

Amends the Illinois Insurance Code. Provides that nothing in provisions prohibiting the payment or acceptance of rebates shall prevent the offer or provision by insurers or producers, by or through employees, affiliates, or third-party representatives, of value-added products or services at no or reduced cost when such products or services are not specified in the policy of insurance, so long as the product or service relates to the insurance coverage and is primarily designed to satisfy specified criteria. Sets forth provisions concerning the requirements for insurers or producers offering non-cash gifts, items, or services or conducting raffles or drawings. Provides that an insurer, producer, or representative of an insurer or producer may not offer or provide insurance as an inducement to the purchase of another policy or otherwise use the words "free", "no cost", or words of similar import in an advertisement.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Dave Syverson

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 3-9(a) / Re-referred to Assignments

    3/21/2025Senate
  2. Assigned to Insurance

    2/18/2025Senate
  3. Referred to Assignments

    2/5/2025Senate
  4. First Reading

    2/5/2025Senate
  5. Filed with Secretary by Sen. Dave Syverson

    2/5/2025Senate

Bill Text

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