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Public Act 91-0808
HB3926 Enrolled LRB9111812STsb
AN ACT to amend the Home Repair and Remodeling Act
concerning insurance requirements.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Home Repair and Remodeling Act is amended
by changing Section 25 as follows:
(815 ILCS 513/25)
Sec. 25. Insurance required. Any person engaged in the
business of home repair and remodeling shall obtain and
maintain in full force and effect during the operation of the
business public liability and property damage insurance in
the amount of $100,000 per person and $300,000 per occurrence
of bodily injury and, $50,000 per occurrence for property
damage, and in the amount of $10,000 per occurrence for
improper home repair or remodeling not in conformance with
applicable State, county, or municipal building codes, unless
the person has a net worth of not less than $1,000,000 as
determined on the basis of the person's most recent financial
statement, prepared within 13 months.
On and after January 1, 2001, any person engaged in the
business of home repair and remodeling shall obtain and
maintain in full force and effect during the operation of the
business public liability and property damage insurance in
the amount of $10,000 per occurrence for home repair or
remodeling not in conformance with applicable State, county,
or municipal codes, unless the person has a net worth of not
less than $1,000,000 as determined on the basis of the
person's most recent financial statement, prepared within 13
months.
(Source: P.A. 91-230, eff. 1-1-00.)
Section 99. Effective date. This Act takes effect upon
becoming law.
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