INSURANCE RATE FAIRNESS Senate SponsorsSen. Michael E. Hastings and Meg Loughran Cappel 10/14/2025SenateReferred to Assignments 215 ILCS 5/Art. XLVIII heading new215 ILCS 5/1801 new215 ILCS 5/1805 new215 ILCS 5/1810 new215 ILCS 5/1815 new215 ILCS 5/1830 new215 ILCS 5/1835 new215 ILCS 5/1840 new215 ILCS 5/1845 newAmends the Illinois Insurance Code. Creates the Rates Article. Provides that the Article may be cited as the Insurance Rate Fairness and Consumer Protection Law. Sets forth provisions requiring insurers to receive prior approval for rate changes from the Department of Insurance on and after January 1, 2028. Provides that no insurer shall increase premiums by more than 10% per year for any policyholder without exceptional justification. Requires the Department to conduct market conduct examinations of insurers at least once every 3 years to ensure compliance with the Article. Establishes penalty and enforcement provisions for violations of the Article. Provides that the Department may adopt rules necessary to implement and enforce the requirements of the Article. Effective January 1, 2028. 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