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<xml>
<title>Illinois General Assembly - Bill Status for SB 3447</title>
<shortdesc>INS-FINANCIAL REGULATION FEES</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Mark L. Walker</sponsors>
</sponsor>
<lastaction>
<statusdate>2/4/2026</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>215 ILCS 5/408</reference><aliasreference>from Ch. 73, par. 1020</aliasreference><SynopsisText>Amends the Illinois Insurance Code. Makes changes to the annual financial regulation fee charged and collected from every domestic company and foreign or alien company, except fraternal benefit societies. Provides that those financial regulation fees shall not exceed $500,000 (instead of $250,000) in the aggregate in any single year. Provides that, beginning on the effective date of the amendatory Act, the Department of Insurance may amend the imposed fees by rule.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2026</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Mark L. Walker</action>
<statusdate>2/4/2026</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/4/2026</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
</actions>
</xml>
