Illinois General Assembly - Full Text of Public Act 097-0513
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Public Act 097-0513





Public Act 097-0513
SB0152 EnrolledLRB097 02684 RPM 42703 b

    AN ACT concerning insurance.
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
    Section 5. The Illinois Insurance Code is amended by adding
Section 143.24d as follows:
    (215 ILCS 5/143.24d new)
    Sec. 143.24d. Arbitration of physical damage subrogation
claims between insurers in certain cases.
    (a) With respect to physical damage subrogation claims
arising from auto damages incurred on or after January 1, 2012,
insurers shall arbitrate and settle such claims where the
amount in controversy, exclusive of the costs of the
arbitration, is less than $2,500. Such arbitration shall be in
accordance with the terms of and rules adopted pursuant to the
Nationwide Inter-Company Arbitration Agreement, or any
successor thereto, as adopted and from time to time amended by
its members, unless the parties on a case-by-case basis
mutually agree to use another forum; the alternate forum may
include a court of competent jurisdiction, in which case the
claim shall be arbitrated or tried in that alternate forum.
Mandatory arbitration of disputed claims shall be limited
solely to the issues of liability and damages.
    (b) Nothing in this Section shall be interpreted to require
an insurer to become a member of any organization or to sign
the Nationwide Inter-Company Arbitration Agreement.
    Section 99. Effective date. This Act takes effect January
1, 2012.

Effective Date: 1/1/2012