TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES
PART 924
EQUIPMENT EXCLUSION
SECTION 924.10 AUTHORITY
Section 924.10 Authority
This Rule is promulgated by the
Director of Insurance under Section 401 of the Illinois Insurance Code (Ill.
Rev. Stat. 1981, ch. 73 par. 1013) which empowers the Director "...to
make reasonable rules and regulations as may be necessary for making effective..."
the insurance laws of this State. It is the purpose of this Part to implement
Section 143(2) of Article IX of the Illinois Insurance Code (Ill. Rev. Stat.
1981, ch. 73, par. 755(2)).
 | TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES
PART 924
EQUIPMENT EXCLUSION
SECTION 924.20 SCOPE
Section 924.20 Scope
This Part shall apply to any
insurance company licensed to do business in this State which is transacting
the kind or kinds of business described as class 2(b) or class 3(e) of Section
4 of the Illinois Insurance Code (Ill. Rev. Stat. 1981, ch. 73, par. 616), and
issuing policies under which the insured vehicles therein designated are motor
vehicles of the private passenger or station wagon type.
| TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES
PART 924
EQUIPMENT EXCLUSION
SECTION 924.30 EXCLUSIONS
Section 924.30 Exclusions
a) On or after April 30, 1974, no automobile insurance policy
issued or renewed in this State shall contain a provision excluding any item or
items of equipment except in the manner herein provided.
b) Items of equipment may be excluded only by special endorsement
signed by the named insured and attached to and made a part of the policy and
policy file. For purposes of this rule, equipment shall be defined as standard
or optional equipment which is available from the manufacturer of the
automobile named in the policy for that make, model and model year.
| TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES
PART 924
EQUIPMENT EXCLUSION
SECTION 924.40 THE ENDORSEMENT
Section 924.40 The
Endorsement
Each endorsement must contain
the following information:
a) The named insured's signature.
b) The date the endorsement was signed by the named insured.
c) The policy number.
d) Identification of the specific item or items to be excluded
from the named insured's policy as a result of the endorsement.
e) Specific identification of the automobile to which the
endorsement applies.
| TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES
PART 924
EQUIPMENT EXCLUSION
SECTION 924.50 EXCEPTION
Section 924.50 Exception
Nothing in this Part shall apply
to:
a) loss of or damage to any device or instrument designed for the
recording, reproduction, receiving, or transmittal of sound, radio waves,
microwaves or television signals unless such device or instrument is
permanently installed in the dash or console opening specified by the
manufacturer of the motor vehicle for the installation of such equipment.
b) loss or damage to any type, wire, record disc or other medium
for use with any device or instrument designed for the recording, reproduction,
or recording and reproduction of sound.
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