IllinoisSB2692104th General Assembly (2025–2026)Senate

INS-RATE FAIRNESS & CONS PROT

Sponsored By: Michael E. Hastings (Democratic)

In Committee

Summary

Amends the Illinois Insurance Code. Creates the Insurance Rate Fairness and Consumer Protection Article. Provides that the Article may be cited as the Insurance Rate Fairness and Consumer Protection Law. Provides that rates shall not be excessive, inadequate, or unfairly discriminatory, as specified. Provides that companies issuing policies within the applicability of the Article shall not incorporate catastrophe or extreme event losses from other states into the development of Illinois rates if fully credible loss experience is available within the State of Illinois. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Michael E. Hastings

    Democratic • Senate

Cosponsors

  • Meg Loughran Cappel

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Meg Loughran Cappel

    10/14/2025Senate
  2. Referred to Assignments

    10/14/2025Senate
  3. First Reading

    10/14/2025Senate
  4. Filed with Secretary by Sen. Michael E. Hastings

    10/14/2025Senate

Bill Text

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