Illinois HB0066 amends the Illinois Vehicle Code to adjust the minimum liability insurance requirements for motor vehicle crashes.
HB0066 modifies the minimum liability insurance coverage required for motor vehicle crashes in Illinois. It sets the minimum coverage for bodily injury to or death of one person at $50,000 and for bodily injury to or death of two or more persons at $100,000. For property damage, the minimum coverage is set at $40,000. The bill applies these changes to policies issued or renewed on or after January 1, 2015. It also specifies that judgments arising from motor vehicle crashes are deemed satisfied once the specified policy amounts are credited toward the judgment.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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