SB3258 - 104th General Assembly
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| 1 | AMENDMENT TO SENATE BILL 3258 | ||||||
| 2 | AMENDMENT NO. ______. Amend Senate Bill 3258 by replacing | ||||||
| 3 | everything after the enacting clause with the following: | ||||||
| 4 | "Section 5. The Illinois Insurance Code is amended by | ||||||
| 5 | adding Section 143.35 as follows: | ||||||
| 6 | (215 ILCS 5/143.35 new) | ||||||
| 7 | Sec. 143.35. Optional rental vehicle coverage. | ||||||
| 8 | (a) In response to all applications for a policy of | ||||||
| 9 | automobile insurance, as defined in paragraph (a) of Section | ||||||
| 10 | 143.13, received by an insurance company, the insurance | ||||||
| 11 | company or its agent shall provide the applicant information | ||||||
| 12 | regarding the availability of coverage for loss of use of an | ||||||
| 13 | insured vehicle as a result of a cause of loss covered by the | ||||||
| 14 | policy contract, including the coverage limits and costs | ||||||
| 15 | thereof. | ||||||
| 16 | (b) At least 30 days prior to each renewal of a policy of | ||||||
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| 1 | automobile insurance, as defined in paragraph (a) of Section | ||||||
| 2 | 143.13, the insurance company or its agent shall provide the | ||||||
| 3 | insured information regarding the availability of coverage for | ||||||
| 4 | loss of use of an insured vehicle as a result of a cause of | ||||||
| 5 | loss covered by the policy contract, including the coverage | ||||||
| 6 | limits and costs thereof. | ||||||
| 7 | Section 99. Effective date. This Act takes effect on July | ||||||
| 8 | 1, 2027.". | ||||||
