Public Act 097-1078
 
SB2524 EnrolledLRB097 14264 HEP 59017 b


  
    AN ACT concerning transportation.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  


 
    Section 5. The Illinois Vehicle Code is amended  by changing 
Section 12-707.01 as follows:
 



    (625 ILCS 5/12-707.01)  (from Ch. 95 1/2, par. 12-707.01)



    Sec. 12-707.01. Liability insurance. 
    (a) No school bus, first division vehicle including a taxi 
which is used for a purpose that requires a school bus driver 
permit, commuter van or
motor vehicle owned by or used for hire 
by and in connection with the
operation of private or public 
schools, day camps, summer camps or
nursery schools, and no 
commuter van or passenger car used for a for-profit
ridesharing 
arrangement, shall be operated for such purposes unless the 
owner
thereof shall carry a minimum of personal injury 
liability insurance in
the amount of $25,000 $1,000,000 for any 
one person in any one accident, and
subject to the limit for 
one person, $100,000 $5,000,000 for two or more persons
injured 
by reason of the operation of the vehicle in any one accident. 
This subsection (a) applies only to personal injury liability 
policies issued or renewed before January 1, 2013.

    (b) Liability insurance policies issued or renewed on and 
after January 1, 2013 shall comply with the following:
        (1) except as provided in subparagraph (2) of this 
    subsection (b), any vehicle that is used for a purpose that 
    requires a school bus driver permit under Section 6-104 of 
    this Code shall carry a minimum of liability insurance in

    the amount of $2,000,000 combined single limit per 
    accident;
        (2) any vehicle that is used for a purpose that 
    requires a school bus driver permit under Section 6-104 of 
    this Code and is used in connection with the operation of 
    private day care facilities, day camps, summer camps, or 
    nursery schools shall carry a minimum of liability 
    insurance in
the amount of $1,000,000 combined single limit 
    per accident;
        (3) any commuter van or passenger car used for a 
    for-profit
ridesharing arrangement shall carry a minimum 
    of liability insurance in
the amount of $500,000 combined 
    single limit per accident.
(Source: P.A. 97-224, eff. 7-28-11.)


 

    Section 99. Effective date. This Act takes effect upon 
becoming law.

Effective Date:  8/24/2012