625 ILCS 5/ Illinois Vehicle Code.

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625 ILCS 5/9-101

(625 ILCS 5/9-101) (from Ch. 95 1/2, par. 9-101)

Sec. 9-101.

Owner of for-rent motor vehicle to give proof of financial
responsibility. For purposes of this Chapter, "for rent" means any transfer of
the possession of or right to possession of a motor vehicle to a user for a
valuable consideration for a period of less than one year, and "to lease" means
any transfer of the possession of or right to possession of a motor vehicle to
a user for a period of one year or more. It is unlawful for the owner of any
motor vehicle to engage in the business, or to hold himself out to the public
generally as being engaged in the business of renting out such motor vehicle to
be operated by the customer, unless the owner has given, and there is in full
force and effect and on file with the Secretary of State proof of financial
responsibility as hereinafter provided. The delivery of a vehicle owned by an
out of State person or business to a renter in this State shall constitute
engaging in the rental business in this State for purposes of this Section.

All owners of motor vehicles which are leased for a period of one year
or more are not required to provide proof of insurance as required under
this chapter, but instead must comply with Section 7-601 of this Code and
obtain vehicle insurance in amounts no less than the minimum amount set for
bodily injury or death and for destruction of property pursuant to Section
7-203 of this Code.

(Source: P.A. 86-880; 87-1220.)

625 ILCS 5/9-102

(625 ILCS 5/9-102) (from Ch. 95 1/2, par. 9-102)

Sec. 9-102.

Alternate methods of giving proof of financial responsibility.

Proof of financial responsibility when required under Section 9-101 may
be given by the following methods. By filing with the Secretary of State:

1. A bond as provided in Section 9-103.

2. An insurance policy or other proof of insurance in a form to be
prescribed by the Secretary as provided in Section 9-105.

3. A certificate of self insurance issued by the Director.

(Source: P.A. 86-444.)

625 ILCS 5/9-103

(625 ILCS 5/9-103) (from Ch. 95 1/2, par. 9-103)

Sec. 9-103.

Bond as proof - requirements.

A motor vehicle liability bond, conditioned that the owner of the motor
vehicle will pay any judgment within 30 days after it becomes final,
recovered against the customer and the owner of the motor vehicle or
against any person operating the motor vehicle with the customer's and the
owner's express or implied consent for damage to property other than to the
rented motor vehicle, or for an injury to, or for the death of any person
including an occupant of the rented motor vehicle, resulting from the
operation of the motor vehicle, provided, however, every such bond is in
the penal sum of $100,000.

The bond shall be executed by a solvent and responsible surety company
authorized to do business in the State of Illinois, or by one or more
personal sureties to be approved by the Secretary of State.

The personal sureties shall own real estate in the State of Illinois of
the aggregate value of $100,000, over and above all encumbrances, and each
of the personal sureties shall make an affidavit concerning the property
which he schedules for the purpose of qualifying as surety, stating the
location, legal description, market value, and the amount and nature of any
encumbrances.

(Source: P.A. 86-444.)