Illinois 104th General Assembly Status: Introduced 9 D cosponsors

SB0268      — INSURANCE RATE FAIRNESS

Last action — Added as Co-Sponsor Sen. Graciela Guzmán

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced January 24, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Creates the Insurance Fairness and Consumer Protection Law Article of the Illinois Insurance Code. Provides that insurers must submit a request for approval to the Department of Insurance for any proposed rate increase for homeowners insurance premiums or automobile insurance premiums. Prohibits implementing any rate increase without prior written approval of the Department. Prohibits using nondriving factors, such as credit score, occupation, and education level, to determine automobile insurance premiums. Provides that, for homeowners insurance, factors unrelated to the insured property's location, age, and condition shall not be considered in rate setting. Requires a public disclosure and comment period for any proposed rate increase exceeding 10% in a 12-month period. Prohibits an insurer from increasing premiums by more than 15% per year for any policyholder without exceptional justification, which must include specified evidence. Sets forth provisions concerning definitions; penalties; reimbursement of consumers; market conduct actions; Department approval of rate increases; and rulemaking. Effective immediately.

Bill Text

We don't have the full text on file for this bill yet.

Read SB0268 on the official Illinois source →

Action History

  1. Added as Co-Sponsor Sen. Graciela Guzmán

  2. Added as Co-Sponsor Sen. Rachel Ventura

  3. Added as Co-Sponsor Sen. Laura Fine

  4. Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

  5. Rule 3-9(a) / Re-referred to Assignments

  6. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

  7. Postponed - Insurance

  8. Senate Committee Amendment No. 1 Postponed - Insurance

  9. Senate Committee Amendment No. 1 Postponed - Insurance

  10. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

  11. Postponed - Insurance

  12. Senate Committee Amendment No. 1 Postponed - Insurance

  13. Postponed - Insurance

  14. Rule 2-10 Committee/3rd Reading Deadline Established As May 9, 2025

  15. Rule 2-10 Committee Deadline Established As April 11, 2025

  16. Rule 2-10 Committee Deadline Established As April 4, 2025

  17. Postponed - Insurance

  18. Senate Committee Amendment No. 1 Postponed - Insurance

  19. Senate Committee Amendment No. 1 Assignments Refers to Insurance

  20. Senate Committee Amendment No. 1 Referred to Assignments

  21. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael E. Hastings

  22. Assigned to Insurance

  23. Added as Co-Sponsor Sen. Paul Faraci

  24. Added as Chief Co-Sponsor Sen. Patrick J. Joyce

  25. Added as Chief Co-Sponsor Sen. Mike Simmons

  26. Added as Chief Co-Sponsor Sen. Meg Loughran Cappel

  27. Added as Chief Co-Sponsor Sen. Mike Porfirio

  28. Referred to Assignments

  29. First Reading

  30. Filed with Secretary by Sen. Michael E. Hastings

Sponsors

Sponsorship breakdown

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1 sponsors · 8 co-sponsors · 174 not signed on

Sponsors (1)

Co-sponsors (8)

Not signed on (174)

174 members have not signed on to this bill.

Show all 174 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance health-insurance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB0268      do?
Creates the Insurance Fairness and Consumer Protection Law Article of the Illinois Insurance Code. Provides that insurers must submit a request for approval to the Department of Insurance for any proposed rate increase for homeowners insurance premiums or automobile insurance premiums. Prohibits implementing any rate increase without prior written approval of the Department. Prohibits using nondriving factors, such as credit score, occupation, and education level, to determine automobile insurance premiums. Provides that, for homeowners insurance, factors unrelated to the insured property's location, age, and condition shall not be considered in rate setting. Requires a public disclosure and comment period for any proposed rate increase exceeding 10% in a 12-month period. Prohibits an insurer from increasing premiums by more than 15% per year for any policyholder without exceptional justification, which must include specified evidence. Sets forth provisions concerning definitions; penalties; reimbursement of consumers; market conduct actions; Department approval of rate increases; and rulemaking. Effective immediately.
Who sponsors SB0268     ?
SB0268      is sponsored by Michael E. Hastings (Democrat), Mike Porfirio (Democrat), Meg Loughran Cappel (Democrat), Mike Simmons (Democrat), Patrick J. Joyce (Democrat), Paul Faraci (Democrat), Laura Fine (Democrat), Rachel Ventura (Democrat), and Graciela Guzmán (Democrat).
What is the current status of SB0268     ?
This bill has been introduced in the Senate. Introduced January 24, 2025. It must pass committee before a floor vote.
Where can I track SB0268     ?
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Last checked for changes 3 months ago · updated continuously

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