Illinois SB 2692: INS-RATE FAIRNESS & CONS PROT
Status: Added as Co-Sponsor Sen. Meg Loughran Cappel (as of 2025-10-14)
State: Illinois · Session: 104th · Bill: SB 2692
Sponsors: Michael E. Hastings, Meg Loughran Cappel
Bill Text
• Illinois General Assembly - Full Text of SB2692 • • • • • • • • • • • • Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. Choose Language English Afrikaans Albanian Arabic Armenian Azerbaijani Basque Bengali Bosnian Catalan Croatian Czech Danish Dutch Esperanto Estonian Filipino Finnish French Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hungarian Icelandic Indonesian Interlingua Interlingue Inuktitut Irish Italian Japanese Javanese Kannada Khmer Korean Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malayalam Maltese Maori Marathi Myanmar Nepali Norwegian Odia Pashto Punjabi Romanian Russian Samoan Sango Sanskrit Sardinian Sindhi Sinhala Slovak Slovenian Somali Southern Sotho Spanish Sundanese Swahili Swedish Tamil Telugu Thai Tigrinya Tonga Turkish Ukrainian Urdu Vietnamese Welsh Xhosa Yiddish Yoruba Zulu Powered by Translate Close Illinois General Assembly Top Navigation Bar Translate Learn Select General Assembly Search the 104th General Assembly Enter search terms for legislation, members, committees, or schedules. ILGA.GOV • • LEGISLATION & LAWS • Bills & Resolutions • Public Acts • Illinois Compiled Statutes • Illinois Constitution • Search Legislation • Glossary • Guide • Reports & Inquiry • Legislative Reports • Special Reports • FTP Site • Legislator Lookup • Capitol Complex Phone Numbers • Rules & Regulations • Illinois Register • Administrative Rules • Senate • Members • Schedules • Committees • Request for Remote Testimony • Journals • Transcripts • Rules • Audio/Video • FOIA Information • Senate Employment Opportunities • Media Guidelines • House • Members • Schedules • Committees • Submit testimony for House Committees • Journals • Transcripts • Rules • Audio/Video • FOIA Information • House Employment Opportunities • Log In Mobile Top Bar Search the 104th General Assembly Enter keywords to search the Illinois General Assembly website. Full Text of SB2692 • Home • Legislation • Full Text SB2692 - 104th General Assembly • Bill Status • Full Text • Votes • Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB2692 Introduced 10/14/2025, by Sen. Michael E. Hastings and Meg Loughran Cappel SYNOPSIS AS INTRODUCED: 215 ILCS 5/Art. XLVIII heading new 215 ILCS 5/1801 new 215 ILCS 5/1802 new 215 ILCS 5/1805 new 215 ILCS 5/1810 new 215 ILCS 5/1815 new 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. LRB104 15443 BAB 28599 b A BILL FOR SB2692LRB104 15443 BAB 28599 b 1 AN ACT concerning regulation. 2 Be it enacted by the People of the State of Illinois, 3represented in the General Assembly: 4 Section 5. The Illinois Insurance Code is amended by 5adding Article XLVIII as follows: 6 (215 ILCS 5/Art. XLVIII heading new) 7ARTICLE XLVIII. INSURANCE RATE FAIRNESS AND CONSUMER 8PROTECTION 9 (215 ILCS 5/1801 new) 10 Sec. 1801. Short title. This Article may be cited as the 11Insurance Rate Fairness and Consumer Protection Law. 12 (215 ILCS 5/1802 new) 13 Sec. 1802. Applicability. 14 (a) This Article solely applies to companies issuing 15policies defined in subsections (a) and (b) of Section 143.13 16of this Code and to which Section 143.11 of this Code applies. 17 (b) This Article does not apply to: (1) policies for any
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