· IL legislature · 104th

INSURANCE RATE FAIRNESS

Amends 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…

Sponsor

Mike Hastings (D-IL)

Introduced

2025-10-14

Policy area

Finance and Financial Sector

Latest action

Added as Co-Sponsor Sen. Meg Loughran Cappel