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HB 4273·IL·house

CORPORATE OPPORTUNITIES

EnactedFiled Jan 5, 2026
Sponsor: Thaddeus Jones (D)
Latest Action

Public Act . . . . . . . . . 104-0752

Aug 4, 2026

Summary

The bill adds detailed notice requirements for insurers when they intend not to renew a policy and limits how and when premium, deductible, or coverage changes can be imposed. It also establishes a new Article that sets standards for fire and extended‑coverage insurance rates, prohibiting excessive, inadequate, or unfairly discriminatory pricing. These changes aim to protect policyholders and ensure fair insurance pricing.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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