HB4552 - 104th General Assembly (2025-2026)

INS-FAIR PLAN ASSOCIATION
Last Action
2/17/2026 - House: Assigned to Insurance Committee
House Sponsors
Rep. Bob Morgan
Hearings
Insurance Committee Hearing Feb 24 2026 2:00PM Stratton Building Room C-1 Springfield, IL
Statutes Amended In Order of Appearance
215 ILCS 5/Art. XXXIII heading  
215 ILCS 5/522  from Ch. 73, par. 1065.69
215 ILCS 5/523  from Ch. 73, par. 1065.70
215 ILCS 5/524  from Ch. 73, par. 1065.71
215 ILCS 5/524.5 new  
215 ILCS 5/525.1  from Ch. 73, par. 1065.72-1
215 ILCS 5/525.3  from Ch. 73, par. 1065.72-3
215 ILCS 5/527  from Ch. 73, par. 1065.74
215 ILCS 5/528  from Ch. 73, par. 1065.75
215 ILCS 5/529.2  from Ch. 73, par. 1065.76-2
215 ILCS 5/529.4  from Ch. 73, par. 1065.76-4
215 ILCS 5/529.5  from Ch. 73, par. 1065.76-5
215 ILCS 5/530  from Ch. 73, par. 1065.77
215 ILCS 5/525 rep.  
215 ILCS 5/525.2 rep.  
215 ILCS 5/525.4 rep.  
215 ILCS 5/529 rep.  
215 ILCS 5/529.1 rep.  
215 ILCS 5/529.3 rep.  
215 ILCS 5/530a rep.  
Synopsis As Introduced
Amends the Illinois Insurance Code. Changes the title of the Urban Property Insurance Article to the Availability of Property Insurance Article. Establishes an association, which shall be commonly referred to as the Illinois FAIR ("Fair Access to Insurance Requirements") Plan Association, of all admitted insurers engaged in writing in the State, on a direct basis, basic property insurance or any basic property insurance component in multi-peril policies, including, without limitation, excess and surplus insurers, but not including farm mutual companies. Replaces all references in the Article to Industry Placement Facility or Facility with Association and all references to Inspection Bureau with Inspector. Sets forth provisions concerning participation in and management of the Association. Makes changes to provisions concerning application procedures; authorized operations for issuing policies; approval of rates; the right to appeal; reporting requirements; making of assessments; and powers of the Director of Insurance. Provides that an insurer shall, for purposes of its annual report, premium tax calculations, and all rate-making submissions, include as direct business its proportionate share of the Association's written premium, paid losses, allocated loss adjustment expense, and operating expenses. Repeals provisions concerning the Industry Placement Program; premium financing; applications for coverage of risks by the Industry Placement Facility; the Illinois Insurance Development Fund; reimbursement of the Secretary through the Fund; insolvency of companies; and a task force that reviews policy forms and endorsements issued by the Industry Placement Facility. Effective immediately.
Actions
DateChamberAction
1/23/2026HouseFiled with the Clerk by Rep. Bob Morgan
1/30/2026HouseFirst Reading
1/30/2026HouseReferred to Rules Committee
2/17/2026HouseAssigned to Insurance Committee