DAVIS,STEVE. 625 ILCS 5/7-601.1 new Amends the Illinois Vehicle Code. Provides that by July 1, 2003, all licensed insurance companies in this State shall provide to the Secretary of State a record of all motor vehicle liability policies in effect on the date the information is provided. Provides for monthly reporting of all policies issued or canceled. Specifies information to be included in the reports. Provides that the Department of Insurance may assess a fine of $1,000 per day of noncompliance with any of the new requirements. FISCAL NOTE (Secretary of State) HB 4925 would have a fiscal impact of approximately $40,000. FEB-05-2002 H FILED WITH CLERK FEB-05-2002 H FIRST READING FEB-05-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-06-2002 H ASSIGNED TO COMMITTEE TRANSPORAT'N FEB-14-2002 H FISCAL NOTE FILED FEB-14-2002 H COMMITTEE TRANSPORAT'N FEB-22-2002 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary