Senate Sponsors: HENDON. Short description: LOW COST AUTO INSURANCE Synopsis of Bill as introduced: Amends the Illinois Insurance Code and the Illinois Vehicle Code. Authorizes a low-cost automobile insurance policy pilot program under the Illinois Automobile Insurance Plan. Limits eligibility for the policy to persons with income of less than 150% of the federal poverty level. Provides bodily injury coverage limits at 50% of the level otherwise required under the Illinois Vehicle Code. Provides only $3,000 of coverage for property damage. Provides coverage only with respect to vehicles having a value of $12,000 or less. Limits initial basic premium to $410. Prohibits an insured under the pilot program from purchasing additional coverage. Provides for repeal of the pilot program on January 1, 2005. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status