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| | HB1234 Engrossed | | LRB104 06172 SPS 16206 b |
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| 1 | | AN ACT concerning State government.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Secretary of State Act is amended by adding |
| 5 | | Section 38 as follows:
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| 6 | | (15 ILCS 305/38 new) |
| 7 | | Sec. 38. Study on automobile insurance affordability and |
| 8 | | availability. By January 1, 2026, the Secretary of State shall |
| 9 | | conduct a study on the affordability and availability of |
| 10 | | statutorily mandated automobile insurance in this State. When |
| 11 | | conducting the study, the Secretary of State may use data or |
| 12 | | academic studies conducted by other sources, solicit feedback |
| 13 | | and testimony from constituents and community leaders, |
| 14 | | consider any guidance, written or otherwise, provided by |
| 15 | | insurance industry experts based in this State, and consider |
| 16 | | statutes and regulations in other states and national trends. |
| 17 | | The study shall include, but shall not be limited to, the use |
| 18 | | of zip codes, credit scores, and age in ratemaking and whether |
| 19 | | the specific factor results in inequitable rates being |
| 20 | | assessed to certain populations. No later than January 1, |
| 21 | | 2026, the Secretary of State shall submit the report and its |
| 22 | | recommendations to the Governor and the General Assembly.
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