IllinoisSB3448104th General Assembly (2025–2026)Senate

NOT-FOR-PROFIT INSURANCE CAP

Sponsored By: David Koehler (Democratic)

In Committee

Summary

Creates the Not-for-Profit Health Insurance Reserve Cap Act. Prohibits a not-for-profit health insurance company from maintaining reserves in excess of 125% of the minimum solvency standards required by the Department of Insurance by the end of each calendar year. Requires each not-for-profit health insurance company to submit an annual financial report to the Department detailing the company's reserve levels. Provides that any excess reserves shall be utilized for all the specified purposes during the applicable calendar year. Provides that the Department shall monitor and enforce compliance with the Act.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • David Koehler

    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. David Koehler

    2/4/2026Senate

Bill Text

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