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Public Act 103-0615
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| HB5559 Enrolled | LRB103 39018 RPS 69155 b |
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AN ACT concerning regulation.
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Be it enacted by the People of the State of Illinois, |
represented in the General Assembly:
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Section 5. The Illinois Insurance Code is amended by |
adding Section 154.10 as follows:
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(215 ILCS 5/154.10 new) |
Sec. 154.10. Description of the determination of a total |
loss of a vehicle. Upon the determination of a total loss of an |
insured vehicle, the insurance company shall provide the |
insured with a brief description of how that determination was |
made, including any available repair estimate, estimated |
vehicle salvage value, assessed market value, and other costs |
and calculations used. This Section applies to policies issued |
or renewed on or after July 1, 2025. |