Full Text of HB0231 97th General Assembly
HB0231 97TH GENERAL ASSEMBLY |
| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012 HB0231 Introduced 01/25/11, by Rep. David R. Leitch SYNOPSIS AS INTRODUCED: |
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625 ILCS 5/7-203 | from Ch. 95 1/2, par. 7-203 |
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Amends the Illinois Vehicle Code. Increases minimum liability coverage requirements to $100,000 for
bodily injury or death of any one person in any one motor vehicle
accident (rather than $20,000), $300,000 for bodily injury or death of 2 or more persons
in any one motor vehicle accident (rather than $40,000), and $100,000 for injury to or destruction of property (rather than $15,000).
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| | A BILL FOR |
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| | | HB0231 | | LRB097 03964 HEP 44003 b |
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| 1 | | AN ACT concerning transportation.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Illinois Vehicle Code is amended by changing | 5 | | Section 7-203 as follows:
| 6 | | (625 ILCS 5/7-203) (from Ch. 95 1/2, par. 7-203)
| 7 | | Sec. 7-203. Requirements as to policy or bond. No such | 8 | | policy or bond referred to in Section 7-202 shall
be effective | 9 | | under this Section unless issued by an insurance company or
| 10 | | surety company authorized to do business in this State, except | 11 | | that if
such motor vehicle was not registered in this State, or | 12 | | was a motor
vehicle which was registered elsewhere than in this | 13 | | State at the
effective date of the policy or bond, or the most | 14 | | recent renewal
thereof, such policy or bond shall not be | 15 | | effective under this Section
unless the insurance company or | 16 | | surety company, if not authorized to do
business in this State, | 17 | | shall execute a power of attorney authorizing
the Secretary of | 18 | | State to accept service on its behalf of notice or
process in | 19 | | any action upon such policy or bond arising out of such
motor | 20 | | vehicle accident. However, every such policy or bond is | 21 | | subject, if
the motor vehicle accident has resulted in bodily | 22 | | injury or death, to
a limit, exclusive of interest and costs, | 23 | | of not less than $100,000 $20,000 because of
bodily injury to |
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| 1 | | or death of any one person in any one motor vehicle
accident | 2 | | and, subject to said limit for one person, to a limit of not | 3 | | less than
$300,000 $40,000 because of bodily injury to or death | 4 | | of 2 or more persons
in any one motor vehicle accident, and, if | 5 | | the motor vehicle accident
has resulted in injury to or | 6 | | destruction of property, to a limit of not
less than $100,000 | 7 | | $15,000 because of injury to or destruction of
property of | 8 | | others
in any one motor vehicle accident.
| 9 | | Upon receipt of a written motor vehicle accident
report | 10 | | from the Administrator the insurance company or surety company
| 11 | | named in such notice shall notify the Administrator within such | 12 | | time and
in such manner as the Administrator may require, in | 13 | | case such policy or
bond was not in effect at the time of such | 14 | | motor vehicle accident.
| 15 | | (Source: P.A. 85-730.)
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