Illinois General Assembly - Full Text of HB5026

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Full Text of HB5026 93rd General Assembly

Introduced
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HB5026 93RD GENERAL ASSEMBLY

93RD GENERAL ASSEMBLY State of Illinois 2003 and 2004
HB5026

Introduced 02/05/04, by Dan Brady

SYNOPSIS AS INTRODUCED:

215 ILCS 5/143a-3 new

    Amends the Illinois Insurance Code. Requires insurers issuing policies of uninsured and underinsured motor vehicle coverage to treat underinsured motor vehicle coverage as part of uninsured motor vehicle coverage.

LRB093 18252 SAS 43952 b

A BILL FOR

HB5026 LRB093 18252 SAS 43952 b

1     AN ACT concerning insurance.

2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:

4     Section 5. The Illinois Insurance Code is amended by adding
5 Section 143a-3 as follows:

6     (215 ILCS 5/143a-3 new)
7     Sec. 143a-3. Severability of underinsured motor vehicle
8 coverage from uninsured motor vehicle coverage. A policy that
9 provides for uninsured motor vehicle coverage and underinsured
10 motor vehicle coverage must treat underinsured motor vehicle
11 coverage as part of uninsured motor vehicle coverage. The
12 rights, obligations, and protections set forth apply to
13 underinsured motor vehicle coverage unless otherwise specified
14 by statute or policy language.

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