Illinois General Assembly - Full Text of HB5559
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Full Text of HB5559  103rd General Assembly

HB5559ham004 103RD GENERAL ASSEMBLY

Rep. Tracy Katz Muhl

Filed: 4/15/2024

 

 


 

 


 
10300HB5559ham004LRB103 39018 RPS 72319 a

1
AMENDMENT TO HOUSE BILL 5559

2    AMENDMENT NO. ______. Amend House Bill 5559 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Illinois Insurance Code is amended by
5adding Section 154.10 as follows:
 
6    (215 ILCS 5/154.10 new)
7    Sec. 154.10. Description of the determination of a total
8loss of a vehicle. Upon the determination of a total loss of an
9insured vehicle, the insurance company shall provide the
10insured with a brief description of how that determination was
11made, including any available repair estimate, estimated
12vehicle salvage value, assessed market value, and other costs
13and calculations used. This Section applies to policies issued
14or renewed on or after July 1, 2025.".