Illinois Senate bill in Session 104.
Status: in_committee. Latest action: October 14, 2025.
INS-RATE FAIRNESS & CONS PROT.
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.
| Date | Event | Detail |
|---|---|---|
| 2025-10-14 | Introduced | Bill introduced |
| 2025-10-14 | Status | in_committee |
| 2025-10-14 | Latest Action | 10/14/2025 - Senate: |