Bill Title: Amends the Illinois Insurance Code. Provides that it is an improper claims practice for a domestic, foreign, or alien company transacting business in this State to fail to pay the replacement vehicle use or occupation tax, title, and transfer fees on a private passenger total loss claim if that act is committed knowingly in violation of the Code, has been committed with such frequency to indicate a persistent tendency to engage in that type of conduct, and is committed without just cause. Provides that an insurer shall pay use or occupation tax, title, and transfer fees when the insurer determines that an insured's or third-party claimant's private passenger automobile is a total loss covered under the terms of a personal automobile policy issued by the insurer. Provides that if an insurer elects to replace the insured vehicle, the insurer shall pay the use or occupation tax, title, and transfer fees on the replacement vehicle. Provides that if a cash settlement is provided for the total loss private passenger vehicle, an insurer shall reimburse or directly pay the insured or third-party claimant for replacement vehicle use or occupation tax, title, and transfer fees under specified conditions. Grants the Department of Insurance rulemaking authority. Effective January 1, 2022.

Spectrum: Slight Partisan Bill (Republican 4-2)

Status: (Passed) 2021-07-09 - Public Act . . . . . . . . . 102-0069 [SB0061 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator William Cunningham [D]	Primary	Sponsored Bills	SD-018	FollowTheMoney	Ballotpedia	VoteSmart
Senator Dave Syverson [R]	Cosponsor	Sponsored Bills	SD-035	FollowTheMoney	Ballotpedia	VoteSmart
Senator Terri Bryant [R]	Cosponsor	Sponsored Bills	SD-058	FollowTheMoney	Ballotpedia	VoteSmart
Senator Dale Fowler [R]	Cosponsor	Sponsored Bills	SD-059	FollowTheMoney	Ballotpedia	VoteSmart
Representative Anthony DeLuca [D]	Primary	Sponsored Bills	HD-080	FollowTheMoney	Ballotpedia	VoteSmart
Representative Adam Niemerg [R]	Cosponsor	Sponsored Bills	HD-102	FollowTheMoney	Ballotpedia	VoteSmart

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