Illinois General Assembly - Illinois Compiled Statutes

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225 ILCS 312/100

(225 ILCS 312/100)

(Section scheduled to be repealed on January 1, 2028)

Sec. 100. Insurance requirements.

(a) Elevator contractors shall submit to the Administrator an insurance
policy
or certified copy thereof, issued by an insurance company authorized to do
business in
the State, to provide general liability coverage of at least $1,000,000 for
injury or death of
any number of persons in
any one
occurrence, with coverage of at least $500,000 for property damage in any
 one
occurrence and statutory workers compensation insurance coverage.

(b) Private elevator inspectors shall submit to the Administrator an
insurance
policy
or certified copy thereof, issued by an insurance company authorized to do
business in
the State, to provide general liability coverage of at least $1,000,000 for
injury or death of
any number of persons in
any one
occurrence, with coverage of at least $500,000
						
for property damage in any
one
occurrence and statutory workers compensation insurance coverage.

(c) These policies, or duly certified copies thereof, or an appropriate
certificate of
insurance, approved as to form by the Department of Insurance,
shall be delivered to the Administrator before or at
the time
of the
issuance of a license. In the event of a material alteration or cancellation
of a policy,
at least 10 days notice thereof shall be given to the Administrator.

(Source: P.A. 95-573, eff. 8-31-07.)