SB2872Introduced in the Senate
CONTINGENT DEFERRED ANNUITIES
Introduced by Julie Morrison, District 29
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
Amends the Illinois Insurance Code. Provides that specified provisions of the Standard Nonforfeiture Law for Individual Deferred Annuities shall not apply to contingent deferred annuities. Provides that, notwithstanding this exemption, the Director of Insurance shall have the authority to adopt, by rule, nonforfeiture benefits for contingent deferred annuities that are, in the opinion of the Director, equitable to the contract holder, appropriate given the risks insured, and, to the extent possible, consistent with the general intent of the provisions concerning individual deferred annuities. Effective immediately.
Where it stands
Public Act . . . . . . . . . 104-0640
July 24, 2026
How did lawmakers vote?
House votes
2 recorded votes · each counted separately
Senate votes
1 recorded vote · each counted separately
HouseStage: House Third Reading · May 21, 2026
108
Yes
0
No
1
Absent or Not Voting
109 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.
See how each representative voted
| Representative | District | Vote |
|---|---|---|
| Aaron Ortiz | 1 | Yes |
| Elizabeth Hernandez | 2 | Yes |
| Lilian Jimenez | 4 | Yes |
| Kimberly Du Buclet | 5 | Yes |
| Sonya Harper | 6 | Yes |
| Emanuel Welch | 7 | Yes |
| LaShawn Ford | 8 | Yes |
| Yolanda Morris | 9 | Yes |
| Jawaharial Williams | 10 | Yes |
| Ann Williams | 11 | Yes |
Bill history
Filed with Secretary by Sen. Julie A. Morrison
First Reading
Referred to Assignments
Assigned to Insurance
Do Pass Insurance; 009-000-000
Placed on Calendar Order of 2nd Reading March 5, 2026
Second Reading
Placed on Calendar Order of 3rd Reading March 10, 2026
Placed on Calendar Order of 3rd Reading ** April 15, 2026
Third Reading - Passed; 057-000-000
Arrived in House
Chief House Sponsor Rep. Bob Morgan
First Reading
Referred to Rules Committee
Assigned to Insurance Committee
Alternate Chief Sponsor Changed to Rep. Margaret A. DeLaRosa
Do Pass / Short Debate Insurance Committee; 015-000-000
Placed on Calendar 2nd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Third Reading - Short Debate - Passed 108-000-000
Passed Both Houses
Sent to the Governor
Governor Approved
Effective Date July 24, 2026
Public Act . . . . . . . . . 104-0640
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.