CONTINGENT DEFERRED ANNUITIES
Summary
Amends the Illinois Insurance Code. Provides that specified provisions of the Standard Nonforfeiture Law for Individual Deferred Annuities shall not apply to contingent deferred annuities. Provides that, notwithstanding this exemption, the Director of Insurance shall have the authority to adopt, by rule, nonforfeiture benefits for contingent deferred annuities that are, in the opinion of the Director, equitable to the contract holder, appropriate given the risks insured, and, to the extent possible, consistent with the general intent of the provisions concerning individual deferred annuities. Effective immediately.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2026
Committee Review
May 2026
Senate Passage
May 2026
House Passage
May 2026
Signed into Law
Jul 2026
Introduced Apr 17, 2026
Signed Jul 24, 2026
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What changed between versions
Engrossed
→
Enrolled
·
1 edit
·
Jul 24, 2026
MINOR
The bill text was updated from its 'Engrossed' version to the final 'Enrolled' version, which is the official text signed into law. The changes consist entirely of formatting updates, such as correcting spacing and hyphenation, and updating page headers. No substantive policy, eligibility, or funding changes were made.
TECHNICAL
Corrected spacing and line breaks in the text to ensure the final legal document is properly formatted and readable.
Floor votes · Senate Apr 16, 2026 · House May 21, 2026
How they voted
56–0
Passed · 2 other
Total votes 58
Apr 16, 2026
D
Democratic39
94% Yea
R
Republican19
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
26
Key actions
6
Committee
6
Jul 24, 2026
Signed into law
Governor Approved
upper
May 21, 2026
Upper · Passed
Passed Both Houses
upper
May 21, 2026
Lower · Passed
Third Reading - Short Debate - Passed 108-000-000
lower
May 5, 2026
Lower · Passed
Do Pass / Short Debate Insurance Committee; 015-000-000
lower
Apr 27, 2026
Committee
Assigned to Insurance Committee
lower
Apr 17, 2026
Committee
Referred to Rules Committee
lower
Apr 17, 2026
Introduced
Arrived in House
lower
Apr 16, 2026
Upper · Passed
Third Reading - Passed; 057-000-000
upper
Mar 4, 2026
Upper · Passed
Do Pass Insurance; 009-000-000
upper
Feb 3, 2026
Committee
Assigned to Insurance
upper
Jan 16, 2026
Committee
Referred to Assignments
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Julie Morrison
DDemocratic
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