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92_HB4925 LRB9214315DHgc 1 AN ACT in relation to vehicles. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Vehicle Code is amended by 5 adding Section 7-601.1 as follows: 6 (625 ILCS 5/7-601.1 new) 7 Sec. 7-601.1. Records of all policies in effect. 8 (a) By July 1, 2003, all licensed insurance companies in 9 this State shall provide to the Secretary a record of all 10 motor vehicle liability policies in effect on the date the 11 information is provided. Before the seventh working date of 12 each calendar month, each insurer that issues a motor vehicle 13 liability policy shall provide to the Secretary a record of 14 each policy issued, canceled, terminated, suspended, or 15 revoked during the immediately preceding month. This 16 subsection (a) does not prohibit more frequent reporting. 17 (b) The record required under subsection (a) includes 18 the following: 19 (1) The name, date of birth, driver's license 20 number, and address of each insured owner and operator. 21 (2) The make, year, and vehicle identification 22 number of each insured motor vehicle. 23 (3) The policy number, effective date, and 24 expiration date of the policy. 25 (c) The Secretary shall notify the Department of 26 Insurance of any insurer who violates any provision of this 27 Section. The Department of Insurance may assess a fine of not 28 more than $1,000 per day of noncompliance against any insurer 29 who fails to comply with this Section. The Department of 30 Insurance shall excuse the fine if an assessed insurer 31 provides acceptable proof that the insurer's noncompliance -2- LRB9214315DHgc 1 was inadvertent, accidental, or the result of excusable 2 neglect.
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