Illinois Compiled Statutes - Full Text

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Illinois Compiled Statutes - Full Text

Illinois Compiled Statutes (ILCS)

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625 ILCS 5/8-102

    (625 ILCS 5/8-102) (from Ch. 95 1/2, par. 8-102)
    Sec. 8-102. Alternate methods of giving proof.
    (a) Except as provided in subsection (b), proof of financial responsibility, when required under Section 8-101 or 8-101.1, may be given by filing with the Secretary of State one of the following:
        1. A bond as provided in Section 8-103;
        2. An insurance policy or other proof of insurance
    
in a form to be prescribed by the Secretary as provided in Section 8-108;
        3. A certificate of self-insurance issued by the
    
Director;
        4. A certificate of self-insurance issued to the
    
Regional Transportation Authority by the Director naming municipal or non-municipal public carriers included therein;
        5. A certificate of coverage issued by an
    
intergovernmental risk management association evidencing coverages which meet or exceed the amounts required under this Code.
    (b) Beginning January 1, 2020, in lieu of filing the documents required by subsection (a), each owner of a vehicle required to obtain minimum liability insurance under Section 8-101 or 8-101.1 shall attest that the vehicle is insured in at least the minimum required amount.
        (1) The Secretary shall create a form on which the
    
vehicle owner shall attest that the vehicle is insured in at least the minimum required amount. The attestation form shall be submitted with each registration application.
        (2) The attestation form shall be valid for the full
    
registration period; however, if at any time the Secretary has reason to believe that the owner does not have the minimum required amount of insurance for a vehicle, the Secretary may require the owner to file with the Secretary documentation as set forth in subsection (a) of this Section.
        (3) If the owner fails to provide the required
    
documentation within 7 calendar days after the request is made, the Secretary may suspend the vehicle registration. The registration shall remain suspended until such time as the required documentation is provided to and reviewed by the Secretary.
        (4) The owner of a vehicle that is self-insured shall
    
attest that the funds available to pay liability claims related to the operation of the vehicle are equivalent to or greater than the minimum liability insurance requirements under Section 8-101 or 8-101.1.
    (c) The Secretary of State may adopt rules to implement this Section.
(Source: P.A. 100-986, eff. 1-1-21.)