92nd General Assembly
Summary of HB4925
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House Sponsors:

Short description: 
VEH CD-INSURANCE RECORDS                                                   

Synopsis of Bill as introduced:
        Amends the Illinois Vehicle Code.  Provides that by July 1, 2003,      
   all licensed insurance companies in this State shall  provide  to  the      
   Secretary of State a record of all motor vehicle liability policies in      
   effect  on the date the information is provided.  Provides for monthly      
   reporting of all policies issued or canceled.   Specifies  information      
   to  be  included  in  the  reports.    Provides that the Department of      
   Insurance may assess a fine of $1,000 per day  of  noncompliance  with      
   any of the new requirements.                                                
          FISCAL NOTE (Secretary of State)                                     
          HB 4925 would have a fiscal impact of approximately $40,000.         
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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