97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB2524

 

Introduced 11/9/2011, by Sen. Linda Holmes

 

SYNOPSIS AS INTRODUCED:
 
625 ILCS 5/12-707.01  from Ch. 95 1/2, par. 12-707.01

    Amends the Illinois Vehicle Code. Provides that the following changes made by Public Act 97-224 apply only to personal injury liability insurance policies issued or renewed on and after July 1, 2012: (i) adding a first division vehicle including a taxi which is used for a purpose that requires a school bus driver permit to the list of certain vehicles required to carry personal injury liability insurance; and (ii) increasing the required amount of insurance to $1,000,000 (instead of $25,000) for any one person in any one accident and $5,000,000 (instead of $100,000) for two or more persons in any one accident. Effective immediately.


LRB097 14264 HEP 59017 b

 

 

A BILL FOR

 

SB2524LRB097 14264 HEP 59017 b

1    AN ACT concerning transportation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Vehicle Code is amended by changing
5Section 12-707.01 as follows:
 
6    (625 ILCS 5/12-707.01)  (from Ch. 95 1/2, par. 12-707.01)
7    Sec. 12-707.01. Liability insurance. No school bus, first
8division vehicle including a taxi which is used for a purpose
9that requires a school bus driver permit, commuter van or motor
10vehicle owned by or used for hire by and in connection with the
11operation of private or public schools, day camps, summer camps
12or nursery schools, and no commuter van or passenger car used
13for a for-profit ridesharing arrangement, shall be operated for
14such purposes unless the owner thereof shall carry a minimum of
15personal injury liability insurance in the amount of $1,000,000
16for any one person in any one accident, and subject to the
17limit for one person, $5,000,000 for two or more persons
18injured by reason of the operation of the vehicle in any one
19accident.
20    The changes made to this Section by Public Act 97-224 apply
21only to personal injury liability insurance policies issued or
22renewed on and after July 1, 2012.
23(Source: P.A. 97-224, eff. 7-28-11.)
 

 

 

SB2524- 2 -LRB097 14264 HEP 59017 b

1    Section 99. Effective date. This Act takes effect upon
2becoming law.