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91_HB3926enr
HB3926 Enrolled LRB9111812STsb
1 AN ACT to amend the Home Repair and Remodeling Act
2 concerning insurance requirements.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Home Repair and Remodeling Act is amended
6 by changing Section 25 as follows:
7 (815 ILCS 513/25)
8 Sec. 25. Insurance required. Any person engaged in the
9 business of home repair and remodeling shall obtain and
10 maintain in full force and effect during the operation of the
11 business public liability and property damage insurance in
12 the amount of $100,000 per person and $300,000 per occurrence
13 of bodily injury and, $50,000 per occurrence for property
14 damage, and in the amount of $10,000 per occurrence for
15 improper home repair or remodeling not in conformance with
16 applicable State, county, or municipal building codes, unless
17 the person has a net worth of not less than $1,000,000 as
18 determined on the basis of the person's most recent financial
19 statement, prepared within 13 months.
20 On and after January 1, 2001, any person engaged in the
21 business of home repair and remodeling shall obtain and
22 maintain in full force and effect during the operation of the
23 business public liability and property damage insurance in
24 the amount of $10,000 per occurrence for home repair or
25 remodeling not in conformance with applicable State, county,
26 or municipal codes, unless the person has a net worth of not
27 less than $1,000,000 as determined on the basis of the
28 person's most recent financial statement, prepared within 13
29 months.
30 (Source: P.A. 91-230, eff. 1-1-00.)
HB3926 Enrolled -2- LRB9111812STsb
1 Section 99. Effective date. This Act takes effect upon
2 becoming law.
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