SB3508 - 104th General Assembly (2025-2026)

INSURANCE-VARIOUS
Last Action
4/27/2026 - House: Assigned to Insurance Committee
Senate Sponsors
Sen. Julie A. Morrison

House Sponsors
(Rep. Bob Morgan)
Hearings
Insurance Committee Hearing May 5 2026 2:00PM Stratton Building Room C-1 Springfield, IL
Statutes Amended In Order of Appearance
5 ILCS 100/5-75  from Ch. 127, par. 1005-75
215 ILCS 5/143.11b  
215 ILCS 5/155.49  
215 ILCS 5/356z.73  
215 ILCS 5/404  from Ch. 73, par. 1016
215 ILCS 5/500-35  
215 ILCS 123/Act rep.  
215 ILCS 124/3  
Synopsis As Introduced
Amends the Illinois Administrative Procedure Act. Provides that, for any law implementing the federal Patient Protection and Affordable Care Act, the Department of Insurance may adopt rules that include incorporations by reference of federal rules and regulations without identifying the incorporated matter by date and without including a statement that the incorporation does not include later amendments. Amends the Illinois Insurance Code. Makes changes concerning the assignment or transfer of property and casualty policies; formatting requirements for the insurance company supplier diversity report; and insurance coverage for dependent parents. Provides that the Director of Insurance shall maintain as confidential any records or information received from the National Association of Insurance Commissioners or other state, federal, and international regulatory agencies (instead of insurance regulatory officials of other states) that are confidential in that other jurisdiction. Provides that the Department may waive registration and course certification fees if the pre-licensing or continuing education course is provided by a government entity free of charge. Amends the Network Adequacy and Transparency Act. In applicability provisions, removes language concerning exemptions for short-term, limited-duration health insurance coverage with a network plan. Repeals the Health Care Purchasing Group Act. Effective immediately.

Senate Floor Amendment No. 1
Deletes reference to:
215 ILCS 5/143.11b  
Adds reference to:
5 ILCS 80/4.37  
5 ILCS 80/4.47 new  
215 ILCS 5/513b1.1  
Amends the Regulatory Sunset Act. Changes the repeal dates for specified Articles of the Illinois Insurance Code from January 1, 2027 to January 1, 2037. Further amends the Illinois Insurance Code. Removes provisions concerning the assignment or transfer of property and casualty policies. Restores language concerning supplier diversity reports submitted by an insurance company. Provides that, for specified reports due on or after April 1, 2027, an insurance company shall submit the report in the format designated by the Department of Insurance. In provisions concerning pharmacy benefit manager reporting requirements, provides that annual reports must be filed with the Department no later than September 1 of each year in the format designated by the Department (instead of just by September 1 of each year via the Systems for Electronic Rates & Forms Filing (SERFF)). Provides that the filing shall include the summary version of the specified report, which the Department shall make available to members of the public (instead of shall be marked for public access).
Actions
DateChamberAction
2/05/2026SenateFiled with Secretary by Sen. Julie A. Morrison
2/05/2026SenateFirst Reading
2/05/2026SenateReferred to Assignments
2/17/2026SenateAssigned to Insurance
3/04/2026SenateDo Pass Insurance; 009-000-000
3/04/2026SenatePlaced on Calendar Order of 2nd Reading March 5, 2026
3/11/2026SenateSecond Reading
3/11/2026SenatePlaced on Calendar Order of 3rd Reading March 12, 2026
4/10/2026SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Julie A. Morrison
4/10/2026SenateSenate Floor Amendment No. 1 Referred to Assignments
4/14/2026SenateSenate Floor Amendment No. 1 Assignments Refers to Insurance
4/14/2026SenateSenate Floor Amendment No. 1 Recommend Do Adopt Insurance; 011-000-000
4/15/2026SenateRecalled to Second Reading
4/15/2026SenateSenate Floor Amendment No. 1 Adopted; Morrison
4/15/2026SenatePlaced on Calendar Order of 3rd Reading
4/15/2026SenateThird Reading - Passed; 055-000-000
4/15/2026HouseArrived in House
4/20/2026HouseChief House Sponsor Rep. Bob Morgan
4/20/2026HouseFirst Reading
4/20/2026HouseReferred to Rules Committee
4/27/2026HouseAssigned to Insurance Committee