Date	Chamber	Action
1/12/2006	Senate	Referred to Rules

Statutes Amended In Order of Appearance

625 ILCS 5/3-117.1

from Ch. 95 1/2, par. 3-117.1

Synopsis As Introduced
Amends the Illinois Vehicle Code. Provides that a vehicle owned by a self-insured company shall be considered salvage if the vehicle has sustained damage to the extent that the self-insured company determines the vehicle to be a total loss, or if the cost of repairing the damage would be greater than 33 1/3 % of its fair market value. Establishes requirements for obtaining a salvage certificate for the vehicle. Provides for exchange of a salvage certificate for a certificate of title if a vehicle owned by a self-insured company that was declared a total loss because of a theft is recovered without damage.

Actions 

Date	Chamber	Action
1/12/2006	Senate	Filed with Secretary by Sen. Iris Y. Martinez
1/12/2006	Senate	First Reading
1/12/2006	Senate	Referred to Rules

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