Bill Status of SB2692

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SB2692 - 104th General Assembly

INS-RATE FAIRNESS & CONS PROT
Last Action
10/14/2025 - Senate: Referred to Assignments
Senate Sponsors
Sen. Michael E. Hastings and Meg Loughran Cappel
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
Date Chamber Action
10/14/2025 Senate Filed with Secretary by Sen. Michael E. Hastings
10/14/2025 Senate First Reading
10/14/2025 Senate Referred to Assignments
10/14/2025 Senate Added as Co-Sponsor Sen. Meg Loughran Cappel