(215 ILCS 5/388a) (from Ch. 73, par. 1000a)
Sec. 388a.
Group
vehicle insurance defined.
(a) Group vehicle insurance is declared to be that form of vehicle
insurance
covering not less than 10 employees, members, or employees of members,
written under a master policy issued to any governmental corporation, unit,
agency or department thereof, or to any corporation, co-partnership,
individual employer, or to any association upon application of an executive
officer or trustee of such association having a constitution or by-laws and
formed in good faith for purposes other than that of obtaining insurance,
where officers, members, employees, employees of members or classes or
department thereof, may be insured for their individual benefit. In
addition a group vehicle policy may be written to insure any group which
may be insured under a group life insurance policy. The term "employees"
shall include the officers, managers and employees of subsidiary or
affiliated corporations, and the individual proprietors, partners and
employees of affiliated individuals and firms, when the business of such
subsidiary or affiliated corporations, firms or individuals, is controlled
by a common employer through stock ownership, contract or otherwise.
(b) A group vehicle insurance policy may provide physical damage coverage,
liability coverage, or a combination of physical damage and
liability
coverage. A group
physical damage policy and a certificate incidental to that policy, issued
in accordance with this Section, does not meet the mandatory insurance
requirements under the Illinois Vehicle Code and must contain a warning to the
consumer
that the policy does not comply with those requirements.
(Source: P.A. 88-313.)
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