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2004 Summary of New State Laws - Illinois

Issue

Bill #

Bill Description

Motor Vehicle Insurance

(UI/UIM)

SB 2238

Amends uninsured and underinsured motorist laws by allowing insureds to reject additional uninsured motorist coverage in excess of state law by making a written request for limits that are less than bodily injury liability limits or by rejecting in writing limits that are greater than what the law calls for. And, by eliminating a provision specifying the maximum payable by the underinsured carrier may not exceed the amount by which the limits of the underinsured coverage exceeds the limits of bodily injury liability coverage insurance of the owner of the underinsured motor vehicle. Effective 7/16/04. Act 93-762, Laws of 2004.

Tort Reform

(Other)

HB 3981

Creates the Common Sense Consumption Act prohibiting the initiation of a civil liability action against sellers of qualified products. Effective 6/1/04.

The information contained in this summary is not intended as a portrayal of every property/casualty-related law enacted in each state. Rather, it represents recently enacted legislation specifically identified by NAMIC State and Regulatory Affairs Staff as bearing direct relevance to those issues that represent NAMIC's National State Legislative Agenda or otherwise deemed pertinent to the interests of the majority of NAMIC members.

This summary is for use as a convenient tool for our members, and is not intended, and should not be considered to be, legal advice. Please consult your legal representatives.

Illinois State Resource Center