Illinois General Assembly - Full Text of SB0644
Illinois General Assembly

Previous General Assemblies

Full Text of SB0644  98th General Assembly



SB0644 EnrolledLRB098 04880 RPM 34908 b

1    AN ACT concerning regulation.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Illinois Insurance Code is amended by
5changing Section 143.24d as follows:
6    (215 ILCS 5/143.24d)
7    Sec. 143.24d. Arbitration of physical damage subrogation
8claims between insurers in certain cases.
9    (a) With respect to physical damage subrogation claims
10arising from auto damages incurred on or after January 1, 2012,
11insurers shall arbitrate and settle such claims where the
12amount in controversy, exclusive of the costs of the
13arbitration, is less than $2,500. Such arbitration shall be in
14accordance with the terms of and rules adopted pursuant to the
15Nationwide Inter-Company Arbitration Agreement, or any
16successor thereto, as adopted and from time to time amended by
17its members, unless the parties on a case-by-case basis
18mutually agree to use another forum; the alternate forum may
19include a court of competent jurisdiction, in which case the
20claim shall be arbitrated or tried in that alternate forum.
21Mandatory arbitration of disputed claims shall be limited
22solely to the issues of liability and damages. Nothing in this
23Section shall preclude a party from seeking resolution in a



SB0644 Enrolled- 2 -LRB098 04880 RPM 34908 b

1court of competent jurisdiction after a decision has been
2rendered in an arbitration.
3    (b) Nothing in this Section shall be interpreted to require
4an insurer to become a member of any organization or to sign
5the Nationwide Inter-Company Arbitration Agreement.
6(Source: P.A. 97-513, eff. 1-1-12.)