(625 ILCS 5/8-112) (from Ch. 95 1/2, par. 8-112)
Sec. 8-112.
When bond on policy to expire.
All bonds and policies of insurance filed with the Secretary of State,
under this Act, shall expire not sooner than the 31st day of December as to
a vehicle registered on a calendar year basis and not sooner than the 30th
day of June as to a vehicle registered on a fiscal year basis in each year,
provided, that the expiration of same shall not terminate liabilities upon
such bonds and policies of insurance arising during the period for which
the bonds and policies of insurance were filed.
(Source: P.A. 77-99.)
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(625 ILCS 5/8-113) (from Ch. 95 1/2, par. 8-113)
Sec. 8-113.
Secretary of State to suspend registration certificates, registration plates or digital registration plates,
and registration sticker or digital registration sticker when bond or policy cancelled or withdrawn.
In the event that a bond or policy of insurance is cancelled or
withdrawn with respect to a vehicle or vehicles, subject to the provisions
of Section 8-101 or 8-101.1, for which the bond or policy of insurance was
issued,
then the Secretary of State immediately shall suspend the registration
certificates, registration plates or digital registration plates, and registration sticker or stickers or digital registration sticker or stickers of
the owner, with respect to such motor vehicle or
vehicles, and said registration certificates, registration plates or digital registration plates, and
registration
sticker or stickers or digital registration sticker or stickers shall
remain suspended and no registration shall be permitted or renewed unless
and until the owner of the motor vehicle shall have filed proof of
financial responsibility as provided by Section 8-101 or 8-101.1.
(Source: P.A. 101-395, eff. 8-16-19.)
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(625 ILCS 5/8-114) (from Ch. 95 1/2, par. 8-114)
Sec. 8-114. Issuance of license upon proof of financial responsibility.
The Secretary of State shall issue to each person who has in effect
proof of financial responsibility as required by Section 8-101 or 8-101.1, a
certificate for each motor vehicle operated by such person and included
within the proof of financial responsibility. Each certificate shall
specify the Illinois registration plate or digital registration plate and registration
sticker or digital registration sticker number of the vehicle, a statement
that proof of financial responsibility has been filed, and the period for
which the certificate was issued.
(Source: P.A. 101-395, eff. 8-16-19.)
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