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| | SB2524 Engrossed | | LRB097 14264 HEP 59017 b |
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| 1 | | AN ACT concerning transportation.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Vehicle Code is amended by changing |
| 5 | | Section 12-707.01 as follows:
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| 6 | | (625 ILCS 5/12-707.01) (from Ch. 95 1/2, par. 12-707.01)
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| 7 | | Sec. 12-707.01. Liability insurance. No school bus, first |
| 8 | | division vehicle including a taxi which is used for a purpose |
| 9 | | that requires a school bus driver permit, commuter van or
motor |
| 10 | | vehicle owned by or used for hire by and in connection with the
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| 11 | | operation of private or public schools, day camps, summer camps |
| 12 | | or
nursery schools, and no commuter van or passenger car used |
| 13 | | for a for-profit
ridesharing arrangement, shall be operated for |
| 14 | | such purposes unless the owner
thereof shall carry a minimum of |
| 15 | | personal injury liability insurance in
the amount of $1,000,000 |
| 16 | | for any one person in any one accident, and
subject to the |
| 17 | | limit for one person, $5,000,000 for two or more persons
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| 18 | | injured by reason of the operation of the vehicle in any one |
| 19 | | accident.
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| 20 | | The changes made to this Section by Public Act 97-224 apply |
| 21 | | only to personal injury liability insurance policies issued or |
| 22 | | renewed on and after July 1, 2012. |
| 23 | | (Source: P.A. 97-224, eff. 7-28-11.)
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