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90_HB1083
225 ILCS 207/45
Amends the Commercial and Public Building Asbestos
Abatement Act to require Department-approved asbestos
abatement contractors to carry liability insurance in an
amount of at least $500,000 (now, $1,000,000). Disallows
group insurance under that requirement. Effective
immediately.
LRB9004103DPcc
LRB9004103DPcc
1 AN ACT to amend the Commercial and Public Building
2 Asbestos Abatement Act by changing Section 45.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Commercial and Public Building Asbestos
6 Abatement Act is amended by changing Section 45 as follows:
7 (225 ILCS 207/45)
8 Sec. 45. Asbestos abatement contractor's certificate of
9 financial responsibility. Each asbestos abatement contractor
10 that wishes to be placed on the Department's approved list of
11 asbestos abatement contractors shall submit to the Department
12 a certificate documenting that the contractor carries
13 liability insurance from a company with at least an "A"
14 rating accorded by A.M. Best & Co. or, self insurance, group
15 insurance, or group self insurance in an amount of at least
16 $500,000 $1,000,000 for work performed pursuant to this Act
17 and the rules promulgated under it. No asbestos abatement
18 contractor may be placed on the approved list in the absence
19 of such a certificate. All asbestos abatement contractors
20 presently licensed by the Department in accordance with the
21 Asbestos Abatement Act for public and private schools in
22 Illinois who wish to be on the approved list shall submit the
23 certificate within 90 days of the effective date of this Act.
24 Each asbestos abatement contractor shall maintain on file
25 with the Department a current certificate of financial
26 responsibility throughout the entire length of time the
27 contractor's name appears on the Department's list of
28 approved contractors. An asbestos abatement contractor shall
29 notify the Department of any change in the status of a
30 certificate that has been filed including expiration,
31 renewal, or alteration of the terms of the certificate.
-2- LRB9004103DPcc
1 (Source: P.A. 89-143, eff. 7-14-95.)
2 Section 99. Effective date. This Act takes effect upon
3 becoming law.