Bill Text: IL HB1059 | 2023-2024 | 103rd General Assembly | Introduced

---

Bill Title: Amends the Use of Credit Information in Personal Insurance Act. Provides that, notwithstanding any other law, an insurer authorized to do business in the State may not use the credit information of an applicant or a policyholder as a factor to determine insurance rates for any private passenger automobile insurance policy that is amended, delivered, issued, or renewed on or after the effective date of the amendatory Act. Directs the Department of Insurance to adopt rules to enforce and administer this requirement. Makes a conforming change in a provision concerning the Department's enforcement powers.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Failed) 2025-01-07 - Session Sine Die [HB1059 Detail]

Download: Illinois-2023-HB1059-Introduced.html

---

103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1059 Introduced , by Rep. Rita Mayfield SYNOPSIS AS INTRODUCED:
215 ILCS 157/21 new
215 ILCS 157/45
Amends the Use of Credit Information in Personal Insurance Act. Provides that, notwithstanding any other law, an insurer authorized to do business in the State may not use the credit information of an applicant or a policyholder as a factor to determine insurance rates for any private passenger automobile insurance policy that is amended, delivered, issued, or renewed on or after the effective date of the amendatory Act. Directs the Department of Insurance to adopt rules to enforce and administer this requirement. Makes a conforming change in a provision concerning the Department's enforcement powers.
LRB103 00068 BMS 45068 b
A BILL FOR
HB1059 LRB103 00068 BMS 45068 b
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Use of Credit Information in Personal
Insurance Act is amended by adding Section 21 and changing
Section 45 as follows:
(215 ILCS 157/21 new)
Sec. 21. Prohibition of use of credit information;
automobile insurance rates. Notwithstanding any other law, an
insurer authorized to do business in this State may not use the
credit information of an applicant or policyholder as a factor
to determine insurance rates for any private passenger
automobile insurance policy that is amended, delivered,
issued, or renewed on or after the effective date of this
amendatory Act of the 103rd General Assembly. The Department
shall adopt rules necessary to enforce and administer this
Section.
(215 ILCS 157/45)
Sec. 45. Enforcement; rates not regulated.
(a) The Department shall enforce the provisions of this
Act pursuant to the enforcement powers granted to it under the
Illinois Insurance Code. The Department may promulgate rules

HB1059 - 2 - LRB103 00068 BMS 45068 b
necessary to enforce and administer this Act.
(b) Except as provided in Section 21, nothing Nothing
contained in this Act shall be construed to empower the
Department to regulate or set the rates of any insurer
pursuant to this Act.
(Source: P.A. 93-114, eff. 10-1-03.)