(215 ILCS 5/392.1) (from Ch. 73, par. 1004.1)
Sec. 392.1.
Casualty and surety companies exempted from filing appeal bonds upon proof of liability - Taxable costs.
Whenever an appeal is taken from any judgment in any case wherein it
appears to the court that all of the particular liability of the
appellant thereunder is insured against in and by a liability insurance
policy or surety bond issued by any insurance company authorized to do
business in the State of Illinois, and the court is satisfied of the
applicable coverage of such policy or bond, it shall not be required of the
appellant to provide any appeal bond or bond to stay enforcement pending such
appeal, but such insurance company may be required by the court, and is
hereby given authority, to execute its written recognizance of the adverse
party or parties for the payment of the taxable costs of such appeal.
Such company shall deposit with the court a copy of the
insurance policy or bond and shall admit its liability thereunder, and
agree to pay such judgment against its insured, if any, as shall be
affirmed by the appellate court; and in such case the court having
jurisdiction thereof, on its own motion, may enter judgment against the
insurance company to such extent without further proceedings.
(Source: P.A. 84-546.)
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