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IL SB3505
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Julie Morrison
Click for details
AI Summary
- Increases the maximum fee allowable as taxable costs in insurance liability actions from $60,000 to $240,000
- Raises the threshold for fire/explosion loss claims requiring a tax certificate from $25,000 to $100,000 before insurers can pay property owners
- Requires insurers to replace damaged property items with materials of like kind and quality that match adjacent items in quality, color, and size for both interior and exterior losses
- Excludes reimbursable expenses from the 10% cap on public adjuster compensation, and requires insurers to reimburse public adjuster expenses regardless of whether the expense is covered by the insurance policy
- Adds the insured's public adjuster and attorney as authorized designees for direction-to-pay letters and claim payments
Legislative Description
INS CD-PUBLIC ADJUSTERS & FEES
Last Action
Rule 2-10 Committee Deadline Established As March 27, 2026
3/13/2026
Committee Referrals
Insurance2/17/2026
Assignments2/5/2026
Full Bill Text
No bill text available