HB4670 95TH GENERAL ASSEMBLY

LRB095 17211 KBJ 43271 b

95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB4670

Introduced , by Rep. Cynthia Soto

SYNOPSIS AS INTRODUCED:

215 ILCS 5/143.12b new

Amends the Illinois Insurance Code. Provides that a company insuring an individual who is at fault in an automobile collision must pay the damages incurred by others in the collision who are not at fault within 5 days of the date the damages are determined.

A BILL FOR

AN ACT concerning regulation.

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 143.12b as follows:

(215 ILCS 5/143.12b new)

Sec. 143.12b. Automobile insurance; paying damages. A company providing automobile insurance to an individual who is at fault in an automobile collision must pay the damages incurred by others in the collision who are not at fault within 5 days of the date the damages are determined.