SB2947
View on ILGAFIRE & EXTENDED COVERAGE RATES
What this bill does
Amends the Illinois Insurance Code. In provisions regarding the notice of intention not to renew a policy of insurance, provides that no company may impose renewal premium increases of more than 10% for policies of fire and extended coverage insurance that are subject to certain cancellation requirements, unless the company mails or delivers by electronic means to the named insured notice of the increase in renewal premium at least 60 days before the policy renewal or anniversary date. Creates the Rates for Fire and Extended Coverage Insurance Article. Contains provisions concerning the purpose and applicability of the Article. Prohibits rates from being excessive, inadequate, or unfairly discriminatory, as specified. Sets forth provisions concerning determinations and notice from the Department of Insurance and hearings on the notice. Provides that credible State-specific loss experience shall be used in the development of rates whenever that data is available and statistically reliable. Authorizes insurers, in order to meet actuarial standards of credibility, to supplement State-specific loss experience with countrywide, regional, or out-of-state loss experience. Effective January 1, 2027.
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Pipeline Progress
Current stage: In Committee · Last action 256 days ago · STAGNANT
How does a bill become law in Illinois?
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Introduction of Bill
A member of the Senate or the House introduces a bill, which is assigned a unique identifying number (e.g., "H.B. ___" for House bills and "S.B. ___" for Senate bills). If not enacted, it must be reintroduced in the next General Assembly with a new number.
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Committee Work — Hearings
The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.
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Committee Work — Markup, Amendments, Report
The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.
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Floor Debate
The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.
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Passage and Consideration in Second Chamber
If the bill passes in the first chamber, it moves to the second chamber for a similar review process. If both chambers approve, it goes to the governor.
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Gubernatorial Action
The governor can sign the bill into law, veto it, or take no action (resulting in an automatic law after 60 days). The type of veto can be total or amendatory. Once signed, the bill becomes a Public Act and is assigned a Public Act number.
Sponsor Context
Bills sponsored by Michael E. Hastings advance 9% more often than the chamber average.
Campaign finance
This is SBE campaign receipts to the people on this bill, not Moneyball and not earmarked to the bill.
Money is campaign receipts to matched candidate committees, not earmarked to this bill. Window 2025-01-01 – 2026-09-13.
Sponsor and voter funding
| Member | Role | Receipts | Total received | Top donors |
|---|---|---|---|---|
| Michael E. Hastings | Chief sponsor | 236 | $360,757.27 | Marquis Energy LLC ($20,000.00); ABDI-PAC ($13,909.99); I.P.A.C.E. ($12,000.00) |
Top donors across these members
| Donor | Occupation | Employer | Receipts | Total |
|---|---|---|---|---|
| Marquis Energy LLC | — | — | 2 | $20,000.00 |
| ABDI-PAC | — | — | 1 | $13,909.99 |
| I.P.A.C.E. | — | — | 2 | $12,000.00 |
| Davita Dialysis | — | — | 2 | $10,000.00 |
| Save Our Local Businesses Illinois PAC | — | — | 1 | $10,000.00 |
| Carpentry Advancement PAC Fund | — | — | 4 | $10,000.00 |
| Health Care Council of Illinois Political Action Committee | — | — | 1 | $10,000.00 |
| IBEW Illinois PAC | — | — | 3 | $8,500.00 |
| Point of Difference LLC | — | — | 3 | $7,854.12 |
| Realtor Political Action Committee | — | — | 2 | $7,500.00 |
| Chicago Land Operators Joint Labor-Management PAC | — | — | 3 | $7,500.00 |
| IMHA PAC | — | — | 1 | $6,500.00 |
| Illinois State Medical Society PAC | — | — | 3 | $5,500.00 |
| CAR of Illinois | — | — | 2 | $5,500.00 |
| Fraternal Order of Police Lodge 7 | — | — | 1 | $5,000.00 |
| Illinois Trial Lawyers Association PAC | — | — | 1 | $5,000.00 |
| United Assn of Journeymen & IL Pipe Trades Assn PAC | — | — | 1 | $5,000.00 |
| AFT Local 604 Cope II | — | — | 2 | $5,000.00 |
| IHA PAC | — | — | 1 | $5,000.00 |
| Amazon | — | — | 2 | $4,000.00 |
| Cook County College Teachers Union - COPE | — | — | 2 | $4,000.00 |
| Illinois Healthcare Associates PAC (IHA PAC) | — | — | 2 | $3,500.00 |
| Madiar Government Relations, LLC | — | — | 2 | $3,250.00 |
| Wind Creek Illinois LLC | — | — | 1 | $3,000.00 |
| Community BancPac | — | — | 3 | $3,000.00 |
Hearings
This bill has not been scheduled for a committee hearing.
Action History
3 actions recorded. Last action: 2026-01-27 — Referred toAssignments. Each action's meaning and outcome signal are classified automatically.
All actions (table)
| Date | Chamber | Action | Category | Signal |
|---|---|---|---|---|
| 2026-01-27 | Senate | Filed with Secretary bySen. Michael E. Hastings Rule 2-7(b) | Introduction & Filing | — |
| 2026-01-27 | Senate | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2026-01-27 | Senate | Referred toAssignments Senate Rule 3-8(a); House Rule 18(a) | Committee Assignment | — |