IllinoisSB2699104th General Assembly (2025–2026)Senate

INS-RENEWAL PREMIUM INCREASE

Sponsored By: Michael E. Hastings (Democratic)

In Committee

Summary

Amends the Illinois Insurance Code. Provides that no company shall impose renewal premium increases of more than 10% for policies of fire and extended coverage insurance to which specified provisions apply. In a provision prohibiting a company from making changes in deductibles or coverage for any policy forms applicable to certain lines of business unless the company provides a specified notice, adds delivery by electronic means as a method for providing that notice. Provides that no company may impose renewal premium increases of more than 10% for policies of automobile insurance to which specified provisions apply unless the company mails to the named insured written notice or delivers notice by electronic means of the change in premium or change in deductible or coverage at least 30 days prior to the renewal. Effective January 1, 2028.

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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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