Bill Text: IL SB0152 | 2011-2012 | 97th General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Illinois Insurance Code. Provides that insurers shall arbitrate and settle all disputed claims made for automobile physical damage between them in accordance with the terms of and rules adopted pursuant to the Nationwide Inter-Company Arbitration Agreement unless the parties agree to use another forum. Provides that mandatory arbitration shall be limited solely to the issues of liability and damages. Provides that every insurer licensed to issue a policy of automobile insurance shall be a signatory of the Nationwide Inter-Company Arbitration Agreement or any successor thereto. Effective immediately.
Spectrum: Bipartisan Bill
Status: (Passed) 2011-08-24 - Public Act . . . . . . . . . 97-0513 [SB0152 Detail]
Download: Illinois-2011-SB0152-Amended.html
Bill Title: Amends the Illinois Insurance Code. Provides that insurers shall arbitrate and settle all disputed claims made for automobile physical damage between them in accordance with the terms of and rules adopted pursuant to the Nationwide Inter-Company Arbitration Agreement unless the parties agree to use another forum. Provides that mandatory arbitration shall be limited solely to the issues of liability and damages. Provides that every insurer licensed to issue a policy of automobile insurance shall be a signatory of the Nationwide Inter-Company Arbitration Agreement or any successor thereto. Effective immediately.
Spectrum: Bipartisan Bill
Status: (Passed) 2011-08-24 - Public Act . . . . . . . . . 97-0513 [SB0152 Detail]
Download: Illinois-2011-SB0152-Amended.html
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| 1 | AMENDMENT TO SENATE BILL 152
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 152 on page 1, by | ||||||
| 3 | replacing line 19 with the following: | ||||||
| 4 | "issues of automotive physical damage liability and automotive | ||||||
| 5 | physical damages.".
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