(625 ILCS 5/1-164.5)
Proof of financial responsibility.
Proof of ability to
respond in damages for any liability thereafter incurred resulting from the
ownership, maintenance, use or operation of a motor vehicle for bodily injury
to or death of any person in the amount of $25,000, and subject to this limit
for any one person injured or killed, in the amount of $50,000 for bodily
injury to or death of 2 or more persons in any one accident, and for damage to
property in the amount of $20,000 resulting from any one accident. This proof
in these amounts shall be furnished for each motor vehicle registered by every
person required to furnish this proof. The changes to this Section made by this amendatory Act of the 98th General Assembly apply only to policies issued or renewed on or after January 1, 2015.
(Source: P.A. 98-519, eff. 1-1-15