SPRINGFIELD, Ill. (WAND) — The Illinois House could vote on the massive auto insurance reform plan as soon as next week. 

Democrats on the House Executive Committee approved the bill Thursday to help ban insurance companies from increasing auto premiums by more than 10% without first notifying consumers 30 days before their renewal date. 

The Illinois Department of Insurance would be responsible for ensuring auto rates are not excessive, inadequate, or unfairly discriminatory.

"Upon a finding of any of those, the Department of Insurance must provide that notice to the insurance provider," said Amy Williams from the Illinois Secretary of State’s Office. "The bill also allows strict timelines for the Department of Insurance to provide that information as well as for the provider to request an administrative hearing."

The Illinois Insurance Association believes this plan could ultimately harm consumers through higher auto insurance costs and fewer coverage options. House Republicans are also concerned the legislation will ruin the state’s insurance market.

"Nobody wants to pay for something that they don’t want to use, but when it’s there, you’re pretty happy that you’re covered," said Rep. CD Davidsmeyer (R-Jacksonville). "So, I just don’t think there’s a need for this review unless there was some blaring reason why Illinois is failing insurance customers."

Senate Bill 714 passed out of the House Executive Committee on a partisan 8-4 vote. The measure received a 42-14 vote in the Senate Wednesday. 

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