IllinoisSB3447104th General Assembly (2025–2026)Senate

INS-FINANCIAL REGULATION FEES

Sponsored By: Mark L. Walker (Democratic)

In Committee

Summary

Amends the Illinois Insurance Code. Makes changes to the annual financial regulation fee charged and collected from every domestic company and foreign or alien company, except fraternal benefit societies. Provides that those financial regulation fees shall not exceed $500,000 (instead of $250,000) in the aggregate in any single year. Provides that, beginning on the effective date of the amendatory Act, the Department of Insurance may amend the imposed fees by rule.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Mark L. Walker

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Referred to Assignments

    2/4/2026Senate
  2. First Reading

    2/4/2026Senate
  3. Filed with Secretary by Sen. Mark L. Walker

    2/4/2026Senate

Bill Text

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