HB4280 101ST GENERAL ASSEMBLY

LRB101 15871 BMS 65228 b

101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4280

Introduced 1/28/2020, by Rep. Diane Pappas

SYNOPSIS AS INTRODUCED:

215 ILCS 5/143a-3 new

Amends the Illinois Insurance Code. Provides that an insurer shall not allow an insured to cancel, terminate, or allow to expire a policy insuring against loss resulting from liability imposed by law for bodily injury or death suffered by any person arising out of the ownership, maintenance, or use of a motor vehicle designed to be used on a public highway in this State unless the insured provides to the Department of Insurance and the insuring company a bill of sale of the motor vehicle insured by the policy or satisfactory evidence that the motor vehicle is covered by another liability insurance policy that satisfies the motor vehicle liability insurance requirements of the Illinois Insurance Code and the Illinois Vehicle Code.

A BILL FOR

AN ACT concerning regulation.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Insurance Code is amended by adding Section 143a-3 as follows:

(215 ILCS 5/143a-3 new)

Sec. 143a-3. Proof of sale or proof of insurance required before termination. An insurer shall not allow an insured to cancel, terminate, or allow to expire a policy insuring against loss resulting from liability imposed by law for bodily injury or death suffered by any person arising out of the ownership, maintenance, or use of a motor vehicle designed to be used on a public highway in this State unless the insured provides to the Department of Insurance and the insuring company a bill of sale of the motor vehicle insured by the policy or satisfactory evidence that the motor vehicle is covered by another liability insurance policy that satisfies the requirements of Section 143a and Section 143a-2 of this Code and Section 7-203 and 7-601 of the Illinois Vehicle Code.