Bill Text: IL SB1545 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Illinois Vehicle Code. Provides that if an owner of a vehicle has comprehensive, collision, or other insurance coverage for the damage or loss of a vehicle and the vehicle's certificate of title discloses a lienholder of record, any insurer paying a claim for the damage or loss of the vehicle shall issue the payment directly to the business repairing the vehicle or to both the owner of the vehicle and the lienholder of record. Provides that the provision does not apply to a claim made by a lienholder on a vehicle to secure a loan when the vehicle owner has breached his or her commitment to provide insurance coverage for the damage or loss of the vehicle.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2019-01-09 - Session Sine Die [SB1545 Detail]

Download: Illinois-2017-SB1545-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 SB1545 Introduced 2/9/2017, by Sen. John G. Mulroe SYNOPSIS AS INTRODUCED:
625 ILCS 5/3-202.5 new
Amends the Illinois Vehicle Code. Provides that if an owner of a vehicle has comprehensive, collision, or other insurance coverage for the damage or loss of a vehicle and the vehicle's certificate of title discloses a lienholder of record, any insurer paying a claim for the damage or loss of the vehicle shall issue the payment directly to the business repairing the vehicle or to both the owner of the vehicle and the lienholder of record. Provides that the provision does not apply to a claim made by a lienholder on a vehicle to secure a loan when the vehicle owner has breached his or her commitment to provide insurance coverage for the damage or loss of the vehicle.
LRB100 08730 AXK 18868 b
A BILL FOR
SB1545 LRB100 08730 AXK 18868 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 adding
Section 3-202.5 as follows:
(625 ILCS 5/3-202.5 new)
Sec. 3-202.5. Insurance payments.
(a) If an owner of a vehicle, or the transferee of a
vehicle, has comprehensive, collision, or other insurance
coverage for the damage or loss of a vehicle and the vehicle's
certificate of title discloses a lienholder of record, any
insurer paying a claim for the damage or loss of the vehicle
shall issue the payment directly to the business repairing the
vehicle or to both the owner of the vehicle and the lienholder
of record.
(b) An insurer
's obligation to issue payments under this
Section shall not apply to a claim made by a lienholder on a
vehicle to secure a loan when the vehicle owner has breached
his or her commitment to provide insurance coverage for the
damage or loss of the vehicle.