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Creates the Insurance Fairness and Consumer Protection Law Article of the Illinois Insurance Code. Provides that insurers must submit a request for approval to the Department of Insurance for any proposed rate increase for homeowners insurance premiums or automobile insurance premiums. Prohibits implementing any rate increase without prior written approval of the Department. Prohibits using nondriving factors, such as credit score, occupation, and education level, to determine automobile insurance premiums. Provides that, for homeowners insurance, factors unrelated to the insured property's location, age, and condition shall not be considered in rate setting. Requires a public disclosure and comment period for any proposed rate increase exceeding 10% in a 12-month period. Prohibits an insurer from increasing premiums by more than 15% per year for any policyholder without exceptional justification, which must include specified evidence. Sets forth provisions concerning definitions; penalties; reimbursement of consumers; market conduct actions; Department approval of rate increases; and rulemaking. Effective immediately.
Introduced
Jan 24, 2025
Last Action
Oct 23, 2025
Session
IL 104th
Sponsors
1 primary · 8 co
Added as Co-Sponsor Sen. Graciela Guzmán
Added as Co-Sponsor Sen. Rachel Ventura
Added as Co-Sponsor Sen. Laura Fine
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
Postponed - Insurance
Senate Committee Amendment No. 1 Postponed - Insurance
Senate Committee Amendment No. 1 Postponed - Insurance
Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
Postponed - Insurance
Senate Committee Amendment No. 1 Postponed - Insurance
Postponed - Insurance
Rule 2-10 Committee/3rd Reading Deadline Established As May 9, 2025
Rule 2-10 Committee Deadline Established As April 11, 2025
Rule 2-10 Committee Deadline Established As April 4, 2025
Postponed - Insurance
Senate Committee Amendment No. 1 Postponed - Insurance
Senate Committee Amendment No. 1 Assignments Refers to Insurance
Assigned to Insurance
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael E. Hastings
Added as Co-Sponsor Sen. Paul Faraci
Added as Chief Co-Sponsor Sen. Patrick J. Joyce
Added as Chief Co-Sponsor Sen. Meg Loughran Cappel
Added as Chief Co-Sponsor Sen. Mike Simmons
Added as Chief Co-Sponsor Sen. Mike Porfirio
First Reading
Referred to Assignments
Filed with Secretary by Sen. Michael E. Hastings
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Added as Co-Sponsor Sen. Graciela Guzmán
Michael E. Hastings
Mike Simmons
Patrick J. Joyce