SB2910 - 104th General Assembly (2025-2026)

INS-FAIR PLAN ASSOCIATION
Last Action
3/04/2026 - Senate: Placed on Calendar Order of 3rd Reading March 5, 2026
Statutes Amended In Order of Appearance
215 ILCS 5/Art. XXXIII heading  
215 ILCS 5/143.22  from Ch. 73, par. 755.22
215 ILCS 5/522  from Ch. 73, par. 1065.69
215 ILCS 5/523  from Ch. 73, par. 1065.70
215 ILCS 5/524  from Ch. 73, par. 1065.71
215 ILCS 5/524.5 new  
215 ILCS 5/525.1  from Ch. 73, par. 1065.72-1
215 ILCS 5/525.3  from Ch. 73, par. 1065.72-3
215 ILCS 5/527  from Ch. 73, par. 1065.74
215 ILCS 5/528  from Ch. 73, par. 1065.75
215 ILCS 5/529.2  from Ch. 73, par. 1065.76-2
215 ILCS 5/529.4  from Ch. 73, par. 1065.76-4
215 ILCS 5/529.5  from Ch. 73, par. 1065.76-5
215 ILCS 5/530  from Ch. 73, par. 1065.77
215 ILCS 5/525 rep.  
215 ILCS 5/525.2 rep.  
215 ILCS 5/525.4 rep.  
215 ILCS 5/529 rep.  
215 ILCS 5/529.1 rep.  
215 ILCS 5/529.3 rep.  
215 ILCS 5/530a rep.  
Synopsis As Introduced
Amends the Illinois Insurance Code. Changes the title of the Urban Property Insurance Article to the Availability of Property Insurance Article. Provides for regulation of an association, commonly referred to as the Illinois FAIR Plan Association, of all admitted insurers engaged in writing in the State, on a direct basis, basic property insurance or any basic property insurance component in multi-peril policies, including, without limitation, excess and surplus insurers, but not including farm mutual companies. Replaces all references in the Article to Industry Placement Facility or Facility with Association and all references to Inspection Bureau with Inspector. Sets forth provisions concerning participation in and management of the Association. Makes changes to provisions concerning application procedures; authorized operations for issuing policies; approval of rates; the right to appeal; reporting requirements; making of assessments; and powers of the Director of Insurance. Provides that an insurer shall, for purposes of ratemaking submissions, include its proportionate share of the Association's deficit or surplus in underwriting results with the method of recognition determined from time to time by the Association's governing committee and the Director. Repeals provisions concerning the Industry Placement Program; premium financing; applications for coverage of risks by the Industry Placement Facility; the Illinois Insurance Development Fund; reimbursement of the Secretary through the Fund; insolvency of companies; and a task force that reviews policy forms and endorsements issued by the Industry Placement Facility. Effective immediately.

Senate Committee Amendment No. 1
Deletes reference to:
215 ILCS 5/529.4  
Removes provisions that include excess and surplus insurers as admitted insurers engaged in writing basic property insurance in the State. Changes the required number of unsuccessful attempts to procure basic property insurance from one attempt to 3 attempts in provisions concerning a person's application for an evaluation of a specified residential or nonresidential property by representatives of the Illinois FAIR Plan Association's Inspector. Removes a provision allowing the Association to assign the writing of risks. Includes any insurer affected by an action of the Association in provisions concerning the right to appeal. Removes a provision concerning the insurer's proportionate share of the Association's deficit or surplus in underwriting results and restores provisions concerning the additional premium that may be charged on a property insurance policy. Effective January 1, 2027.
Actions
DateChamberAction
1/27/2026SenateFiled with Secretary by Sen. Julie A. Morrison
1/27/2026SenateFirst Reading
1/27/2026SenateReferred to Assignments
2/03/2026SenateAssigned to Insurance
2/17/2026SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Julie A. Morrison
2/17/2026SenateSenate Committee Amendment No. 1 Referred to Assignments
2/17/2026SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance
2/17/2026SenateSenate Committee Amendment No. 1 Adopted
2/18/2026SenateDo Pass as Amended Insurance; 012-000-000
2/18/2026SenatePlaced on Calendar Order of 2nd Reading February 19, 2026
2/18/2026SenateAdded as Co-Sponsor Sen. Seth Lewis
3/04/2026SenateSecond Reading
3/04/2026SenatePlaced on Calendar Order of 3rd Reading March 5, 2026