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.
Sponsored bills
Amends the Illinois Marriage and Dissolution of Marriage Act. Requires the Department of Healthcare and Family Services, in consultation with the Administrative Office of the Illinois Courts, to conduct a comprehensive study on parenting-time presumptions in child custody proceedings. Provides that the study examine how statutory presumptions and judicial practices affect fairness, parental involvement, and child outcomes in custody cases. Requires that the review pay particular attention to ensuring that both parents, regardless of gender, are given equitable opportunities to maintain meaningful relationships with their children. Requires that the Department submit a final report to the General Assembly and the Governor no later than December 31, 2026 and include findings, recommendations, and potential statutory language to update Illinois law. Repeals the Act on December 31, 2027.
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 that no insurer shall increase premiums by more than 10% per year for any policyholder without exceptional justification. Requires the Department to conduct market conduct examinations of insurers at least once every 3 years to ensure compliance with the Article. Establishes penalty and enforcement provisions for violations of the Article. Provides that the Department may adopt rules necessary to implement and enforce the requirements of the Article. Effective January 1, 2028.
Creates the Nondriving Factors in Insurance Rate-Setting Study Act. Requires the Department of Insurance to conduct a comprehensive study of the use of nondriving factors in the setting of automobile and homeowners insurance premiums in Illinois. By January 1, 2027, requires the Department of Insurance to prepare and submit a report of its findings and recommendations to the President of the Senate, the Speaker of the House of Representatives, the Minority Leader of the Senate, and the Minority Leader of the House of Representatives. Provides that the Act is repealed on January 1, 2028. Effective immediately.
Amends the Illinois Insurance Code. Provides that no company shall impose renewal premium increases of more than 10% for policies of fire and extended coverage insurance to which specified provisions apply. In a provision prohibiting a company from making changes in deductibles or coverage for any policy forms applicable to certain lines of business unless the company provides a specified notice, adds delivery by electronic means as a method for providing that notice. Provides that no company may impose renewal premium increases of more than 10% for policies of automobile insurance to which specified provisions apply unless the company mails to the named insured written notice or delivers notice by electronic means of the change in premium or change in deductible or coverage at least 30 days prior to the renewal. Effective January 1, 2028.
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.
Creates the Digital Assets and Consumer Protection Act. Provides that the Department of Financial and Professional Regulation shall regulate digital asset business activity in the State. Sets forth provisions concerning: applicability; the powers and duties of the Department; funds; customer protections; custody and protection of customer assets; covered exchanges; compliance; registration; supervision; records; additional procedural provisions; confidentiality; violations; enforcement; rulemaking authority; and severability. Creates the Special Purpose Trust Company Article in the Corporate Fiduciary Act. Sets forth provisions concerning certificates of authority; rulemaking and organization; certificates of authority for foreign corporate fiduciaries; eligibility; fees; and certificates of reciprocity. Makes other changes to various Acts. Effective immediately.
Creates the Restaurant Reservation Anti-Piracy Act. Provides that a third-party restaurant reservation service shall not list, advertise, promote, or sell reservations for a food service establishment through the website, mobile application, or other platform of the third-party restaurant reservation service without a written agreement between the third-party restaurant reservation service and the food service establishment. Provides that a written agreement that contains specified indemnifications shall be void and unenforceable. Provides that any person who violates, or causes another person to violate, a provision of the Act shall be subject to a civil penalty of up to $1,000 for each violation. Provides for a private right of action.
Amends the Illinois Controlled Substances Act. Provides that, notwithstanding any other provision of law, a prescriber shall not be required to issue prescriptions for a substance classified in Schedule II, III, IV, or V electronically if the prescription is issued by a licensed veterinarian within 7 (rather than 2) years after November 17, 2023 (the effective date of Public Act 103-563).
Amends the Fire Sprinkler Contractor Licensing Act. Provides that any person, entity, or business that offers fire sprinkler contractor services under the Act without being licensed or exempt under the Act shall pay a civil penalty in an amount not to exceed $50,000 (rather than $10,000) for each offense. Provides that, if any person, entity, or business commits a second offense within 24 months, the civil penalty shall be no less than $10,000 which shall be deposited into the Fire Prevention Fund. Provides that, if any person, entity, or business commits more than 2 offenses within 24 months, the civil penalty shall be no less than $25,000 which shall be deposited into the Fire Prevention Fund. Provides that any person who practices, offers to practice, attempts to practice, or holds himself or herself out to practice as a fire sprinkler inspector without being licensed or exempt under the Act shall pay a civil penalty not to exceed $50,000 (rather than $10,000) for each offense. Provides that, if any person commits a second offense within 24 months, the civil penalty shall be no less than $10,000 which shall be deposited into the Fire Prevention Fund. Provides that, if any person commits more than 2 offenses within 24 months, the civil penalty shall be no less than $25,000 which shall be deposited into the Fire Prevention Fund. Effective immediately.