SB3447 - 104th General Assembly (2025-2026)

INS-FINANCIAL REGULATION FEES
Last Action
2/04/2026 - Senate: Referred to Assignments
Senate Sponsors
Sen. Mark L. Walker
Statutes Amended In Order of Appearance
215 ILCS 5/408  from Ch. 73, par. 1020
Synopsis As Introduced
Amends the Illinois Insurance Code. Makes changes to the annual financial regulation fee charged and collected from every domestic company and foreign or alien company, except fraternal benefit societies. Provides that those financial regulation fees shall not exceed $500,000 (instead of $250,000) in the aggregate in any single year. Provides that, beginning on the effective date of the amendatory Act, the Department of Insurance may amend the imposed fees by rule.
Actions
DateChamberAction
2/04/2026SenateFiled with Secretary by Sen. Mark L. Walker
2/04/2026SenateFirst Reading
2/04/2026SenateReferred to Assignments