# Illinois SB3447: INS-FINANCIAL REGULATION FEES

Illinois SB3447, INS-FINANCIAL REGULATION FEES, is a 104th General Assembly (2025–2026) Senate bill sponsored by Mark L. Walker (Democratic); status in committee, last action 2026-02-04 (Referred to Assignments) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB3447-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB3447
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: INS-FINANCIAL REGULATION FEES
- Status: in committee
- Chamber: Senate
- Introduced: 2026-02-04
- Last action: 2026-02-04, Referred to Assignments
- Sponsor: Mark L. Walker (Democratic)
- Cosponsors: 0
- Subjects: assignments
- Touches household money: no
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Mark L. Walker (Democratic), Senate

## Actions (3)

- 2026-02-04: Referred to Assignments (Senate)
- 2026-02-04: First Reading (Senate)
- 2026-02-04: Filed with Secretary by Sen. Mark L. Walker (Senate)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3447.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/10400SB3447.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-SB3447-2025-2026 (as of 2026-11-01).