HB4057 97TH GENERAL ASSEMBLY

LRB097 14493 HEP 59348 b

97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB4057

Introduced , by Rep. Roger L. Eddy

SYNOPSIS AS INTRODUCED:

625 ILCS 5/12-707.01

from Ch. 95 1/2, par. 12-707.01

Amends the Illinois Vehicle Code. Provides that for any one person in any one accident, the required amount of liability insurance shall be $25,000 for policies issued or renewed before July 1, 2012 and $1,000,000 for any policy issued or renewed on and after July 1, 2012. Provides that the required amount of insurance for 2 or more persons in any one accident shall be: (i) $100,000 for personal injury liability insurance policies issued or renewed before July 1, 2012; (ii) $1,000,000 for policies issued or renewed on and after July 1, 2012 and before July 1, 2013; (iii) $2,000,000 for policies issued or renewed on and after July 1, 2013 and before July 1, 2014; and (iv) $3,000,000 for policies issued or renewed on and after July 1, 2014. Provides that provisions of Public Act 97-224 making certain personal injury liability insurance requirements applicable to a first division vehicle including a taxi which is used for a purpose that requires a school bus driver permit are inoperative before July 1, 2012 and are operative on and after July 1, 2012. Effective immediately.

A BILL FOR

AN ACT concerning transportation.

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

Section 5. The Illinois Vehicle Code is amended by changing Section 12-707.01 as follows:

(625 ILCS 5/12-707.01) (from Ch. 95 1/2, par. 12-707.01)

Sec. 12-707.01. Liability insurance. No school bus, first division vehicle including a taxi which is used for a purpose that requires a school bus driver permit, commuter van or motor vehicle owned by or used for hire by and in connection with the operation of private or public schools, day camps, summer camps or nursery schools, and no commuter van or passenger car used for a for-profit ridesharing arrangement, shall be operated for such purposes unless the owner thereof shall carry a minimum of personal injury liability insurance in the amount of $25,000 for policies issued or renewed before July 1, 2012, and in the amount of $1,000,000 for any personal injury liability insurance policy issued or renewed on and after July 1, 2012 for any one person in any one accident, and subject to the limit for one person. The minimum amount of personal injury liability insurance required person, $5,000,000 for two or more persons injured by reason of the operation of the vehicle in any one accident is as follows: accident.

(i) $100,000 for personal injury liability insurance policies issued or renewed before July 1, 2012;

(ii) $1,000,000 for personal injury liability insurance policies issued or renewed on and after July 1, 2012 and before July 1, 2013;

(iii) $2,000,000 for personal injury liability insurance policies issued or renewed on and after July 1, 2013 and before July 1, 2014; and

(iv) $3,000,000 for personal injury liability insurance policies issued or renewed on and after July 1, 2014.

The provisions of Public Act 97-224 making the requirements of this Section applicable to a first division vehicle including a taxi which is used for a purpose that requires a school bus driver permit are inoperative before July 1, 2012 and are operative on and after July 1, 2012.

(Source: P.A. 97-224, eff. 7-28-11.)

Section 99. Effective date. This Act takes effect upon becoming law.