summary
Introduced
02/07/2025
02/07/2025
In Committee
02/07/2025
02/07/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Department of Insurance Law of the Civil Administrative Code of Illinois. Creates the Public Adjuster Advisory Board within the Department of Insurance. Provides that the Board shall review and recommend changes to the licensure, license issuance, and requirements for licensed public adjusters in the State. Provides that the Board shall also prepare rules that may be adopted by the Department to protect commercial and residential consumers in situations where a catastrophic event has taken place. Sets forth provisions concerning membership, compensation, administrative support, and meetings. Provides that, no later than January 1, 2026, and each year thereafter, the Board shall submit a report to the Governor and the General Assembly concerning any issues relating to the licensing and operations of public adjusters in the State and any recommend policy changes to address those issues. Effective immediately.
AI Summary
This bill creates the Public Adjuster Advisory Board within the Illinois Department of Insurance to improve oversight and regulation of public adjusters, who are professionals who help insurance policyholders negotiate insurance claims. The Board will consist of 11 members, including government officials from the Department of Insurance, legislative appointees, and licensed public adjusters from different regions of Illinois. The Board's primary responsibilities include reviewing and recommending changes to public adjuster licensure requirements and developing advisory recommendations to protect consumers during catastrophic events. Members will not receive compensation but may be reimbursed for expenses, and the Department of Insurance will provide administrative support. The Board will meet twice annually (in April and September) and is required to submit an annual report to the Governor and General Assembly by January 1, 2026, detailing issues related to public adjuster licensing and operations, along with potential policy recommendations. The bill aims to enhance consumer protection and create a structured approach to regulating public adjusters in the state.
Sponsors (1)
Last Action
Referred to Assignments (on 02/07/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2498&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB2498.htm |
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