Illinois HB 3341: INS-DEPT/MARKET CONDUCT STUDY

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB3341

Introduced 2/18/2025, by Rep. Thaddeus Jones 

SYNOPSIS AS INTRODUCED:

20 ILCS 1405/1405-52 new

 Amends the Department of Insurance Law of the Civil Administrative Code of Illinois. Provides that the Department of Insurance shall file any market conduct studies seeking to levy fines against an insurance company with the General Assembly before each legislative session and the General Assembly must approve before any fines are leveled. Provides that the Department of Insurance shall conduct a hearing with the House Insurance Committee and Senate Insurance Committee before any further proceedings occur. Provides that before the release of announcements of the fines to the public, there shall be an appeal process scheduled within 30 days after the committee hearings.

LRB104 06562 BAB 16598 b

A BILL FOR

HB3341LRB104 06562 BAB 16598 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 Department of Insurance Law of the Civil 

5Administrative Code of Illinois is amended by adding Section 

61405-52 as follows:

7 (20 ILCS 1405/1405-52 new)

8 Sec. 1405-52. Market conduct studies and hearings. The 

9Department of Insurance shall file any market conduct studies 

10seeking to levy fines against an insurance company with the 

11General Assembly before each legislative session and the 

12General Assembly must approve before any fines are levied. The 

13Department of Insurance shall conduct a hearing with the House 

14Insurance Committee and Senate Insurance Committee before any 

15further proceedings occur. Before the release of announcements 

16of the fines to the publi