765 ILCS 1015/ Bailment Insurance Act.

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PROPERTY
(765 ILCS 1015/) Bailment Insurance Act.

765 ILCS 1015/0.01

(765 ILCS 1015/0.01) (from Ch. 73, par. 1091.9)

Sec. 0.01.

Short title.

This Act may be cited as the

Bailment Insurance Act.

(Source: P.A. 86-1324.)

765 ILCS 1015/1

(765 ILCS 1015/1) (from Ch. 73, par. 1092)

Sec. 1.

If a bailee for hire makes a separate charge for any part or all of
the cost any insurance which he may carry to indemnify him against
liability for loss or damage of property of a bailor while in the
possession or control of the bailee, or if a bailee for hire in any manner
informs a bailor or prospective bailor that his property will be protected
from loss or damage while in the bailee's possession or control and makes a
charge for such protection, then the bailee shall furnish to the bailor, at
the time the bailment contract is entered into, a statement plainly showing
the type and extent of the coverage of such insurance, the particular
articles of property insured against loss or damage, the maximum amounts
recoverable, and the name of the insurance carrier. If the bailee is a self
insurer, no separate charge for insurance shall be made. The requirements
of this Act shall not apply to insurance procured by the bailee to protect
against loss while the property is in transit by mail, express or other
means of transportation.

(Source: Laws 1949, p. 335.)

765 ILCS 1015/2

(765 ILCS 1015/2) (from Ch. 73, par. 1093)

Sec. 2.

No bailee for hire shall make a charge to the bailor for any part
or all of the cost of such protection or insurance unless a statement as
required by Section 1 hereof is furnished to the bailor.

(Source: Laws 1949, p. 335.)

765 ILCS 1015/3

(765 ILCS 1015/3) (from Ch. 73, par. 1094)

Sec. 3.

In case of loss or damage of a bailor's property while in such a
bailee's possession or control and the bailee has represented to the bailor
that he would be indemnified for loss in such case, and no statement has
been furnished to the bailor as required by Section 1 hereof, the bailee
shall be liable to a penalty of $100, which penalty together with
reasonable attorney's fees may be recovered by the bailor in a civil
action.

(Source: Laws 1949, p. 335.)

765 ILCS 1015/4

(765 ILCS 1015/4) (from Ch. 73, par. 1095)

Sec. 4.

The provisions of this Act are in addition to and not in lieu of
any common law or statutory right now or hereafter accruing to a bailor
because of loss or damage of his property while in a bailee's possession or
control.

(Source: Laws 1949, p. 335.)