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Rep. Rita Mayfield
Filed: 3/13/2025
| | 10400HB1234ham001 | | LRB104 06172 SPS 23747 a |
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| 1 | | AMENDMENT TO HOUSE BILL 1234
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| 2 | | AMENDMENT NO. ______. Amend House Bill 1234 by replacing |
| 3 | | everything after the enacting clause with the following:
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| 4 | | "Section 5. The Secretary of State Act is amended by |
| 5 | | adding Section 38 as follows:
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| 6 | | (15 ILCS 305/38 new) |
| 7 | | Sec. 38. Study on automobile insurance affordability and |
| 8 | | availability. By January 1, 2026, the Secretary of State shall |
| 9 | | conduct a study on the affordability and availability of |
| 10 | | statutorily mandated automobile insurance in this State. When |
| 11 | | conducting the study, the Secretary of State may use data or |
| 12 | | academic studies conducted by other sources, solicit feedback |
| 13 | | and testimony from constituents and community leaders, |
| 14 | | consider any guidance, written or otherwise, provided by |
| 15 | | insurance industry experts based in this State, and consider |
| 16 | | statutes and regulations in other states and national trends. |
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| | 10400HB1234ham001 | - 2 - | LRB104 06172 SPS 23747 a |
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| 1 | | The study shall include, but shall not be limited to, the use |
| 2 | | of zip codes, credit scores, and age in ratemaking and whether |
| 3 | | the specific factor results in inequitable rates being |
| 4 | | assessed to certain populations. No later than January 1, |
| 5 | | 2026, the Secretary of State shall submit the report and its |
| 6 | | recommendations to the Governor and the General Assembly.
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| 7 | | Section 99. Effective date. This Act takes effect upon |
| 8 | | becoming law.". |
