state_legiscan_drain · IL
REGULATION-TECH
January 24, 2025
Summary
If enacted, this bill would impose a 10% cap on auto insurance renewal premium increases without 30-day notice, reduce the defensive driving course requirement from 8 to 4 hours for premium discounts, and establish new rate regulation standards prohibiting excessive, inadequate, or unfairly discriminatory rates, effective July 1, 2027.
Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=714&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Common questions
- What does "REGULATION-TECH" cover?
- If enacted, this bill would impose a 10% cap on auto insurance renewal premium increases without 30-day notice, reduce the defensive driving course…
- When was it published?
- It was published on January 24, 2025.