SB0268Introduced in the Senate
INSURANCE RATE FAIRNESS
Introduced by Michael Hastings, District 19
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
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.
Where it stands
Added as Co-Sponsor Sen. Graciela Guzmán
October 23, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Filed with Secretary by Sen. Michael E. Hastings
First Reading
Referred to Assignments
Added as Chief Co-Sponsor Sen. Mike Porfirio
Added as Chief Co-Sponsor Sen. Meg Loughran Cappel
Added as Chief Co-Sponsor Sen. Mike Simmons
Added as Chief Co-Sponsor Sen. Patrick J. Joyce
Added as Co-Sponsor Sen. Paul Faraci
Assigned to Insurance
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael E. Hastings
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Assignments Refers to Insurance
Senate Committee Amendment No. 1 Postponed - Insurance
Postponed - Insurance
Rule 2-10 Committee Deadline Established As April 4, 2025
Rule 2-10 Committee Deadline Established As April 11, 2025
Rule 2-10 Committee/3rd Reading Deadline Established As May 9, 2025
Postponed - Insurance
Senate Committee Amendment No. 1 Postponed - Insurance
Postponed - Insurance
Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
Senate Committee Amendment No. 1 Postponed - Insurance
Senate Committee Amendment No. 1 Postponed - Insurance
Postponed - Insurance
Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
Rule 3-9(a) / Re-referred to Assignments
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Added as Co-Sponsor Sen. Laura Fine
Added as Co-Sponsor Sen. Rachel Ventura
Added as Co-Sponsor Sen. Graciela Guzmán
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