SB2692 - 104th General Assembly (2025-2026)

INS-RATE FAIRNESS & CONS PROT
Last Action
10/14/2025 - Senate: Referred to Assignments
Statutes Amended In Order of Appearance
215 ILCS 5/Art. XLVIII heading new  
215 ILCS 5/1801 new  
215 ILCS 5/1802 new  
215 ILCS 5/1805 new  
215 ILCS 5/1810 new  
215 ILCS 5/1815 new  
Synopsis As Introduced
Amends the Illinois Insurance Code. Creates the Insurance Rate Fairness and Consumer Protection Article. Provides that the Article may be cited as the Insurance Rate Fairness and Consumer Protection Law. Provides that rates shall not be excessive, inadequate, or unfairly discriminatory, as specified. Provides that companies issuing policies within the applicability of the Article shall not incorporate catastrophe or extreme event losses from other states into the development of Illinois rates if fully credible loss experience is available within the State of Illinois. Effective immediately.
Actions
DateChamberAction
10/14/2025SenateFiled with Secretary by Sen. Michael E. Hastings
10/14/2025SenateFirst Reading
10/14/2025SenateReferred to Assignments
10/14/2025SenateAdded as Co-Sponsor Sen. Meg Loughran Cappel