2010 Illinois Code CHAPTER 625 VEHICLES 625 ILCS 5/ Illinois Vehicle Code. Article IX - Safety Regulations For Motor Carriers Of Property: Insurance
(625 ILCS 5/Ch 18C Sub 4 Art IX heading)
ARTICLE IX. SAFETY REGULATIONS FOR
MOTOR CARRIERS OF PROPERTY: INSURANCE
(625 ILCS 5/18c‑4901)(from Ch. 95 1/2, par. 18c‑4901) Sec. 18c‑4901. Insurance Coverage as a Prerequisite to Operations. No motor carrier of property shall operate within this State unless it has on file with the Commission or its agent proof of continuous insurance or surety coverage in accordance with Commission regulations. (Source: P.A. 85‑553.)
(625 ILCS 5/18c‑4902)(from Ch. 95 1/2, par. 18c‑4902) Sec. 18c‑4902. Commission to Set Insurance Coverage Limits and Establish Procedures. The Commission shall prescribe the amounts of insurance or surety coverage required as a minimum, the maximum allowable deductible limits, procedures for the filing and rejection or return of filings, and such other reasonable regulations regarding insurance or surety coverage as are necessary to protect the travelling and shipping or receiving public. (Source: P.A. 85‑553.)
(625 ILCS 5/18c‑4903)(from Ch. 95 1/2, par. 18c‑4903) Sec. 18c‑4903. Implied Terms of Insurance Coverage. Each certificate or other proof of insurance or surety coverage shall have, as an implied term, that the insurance or surety coverage will remain in effect continuously until notice of cancellation is filed in accordance with Commission regulations, and that all motor vehicles operated by or under authority of the carrier will be covered, whether or not such vehicles have been reported to the insurance, surety, or other company. Filing proof of insurance with the Commission shall constitute acceptance of this implied term, and such acceptance may not thereafter be withdrawn except on withdrawal of all proof of insurance or surety coverage. (Source: P.A. 85‑553.)
(625 ILCS 5/18c‑4904)(from Ch. 95 1/2, par. 18c‑4904) Sec. 18c‑4904. Liability to Be Covered by Insurance. Insurance or surety under this Article shall cover the carrier's liability for injury to persons and damage to property other than cargo. Coverage shall, in the case of motor common carriers, also extend to cargo damage. (Source: P.A. 85‑553.)
(625 ILCS 5/18c‑4905)(from Ch. 95 1/2, par. 18c‑4905) Sec. 18c‑4905. Self‑insurance. The Commission may exempt a carrier from the requirement of Sections 18c‑4901, 18c‑4902, 18c‑4903, and 18c‑4904 of this Chapter if it determines that the carrier has the financial ability to pay for any and all damages the liability for which would otherwise be assumed by an insurance or surety company under the referenced sections. Each carrier so exempted shall file periodic reports, at such intervals as the Commission shall specify, showing its continuing ability to act as a self‑insurer. The Commission may rescind an exemption on 10 days' notice if rescission appears necessary to protect the public. Upon the granting or rescission of a self‑insured status of a carrier by the Commission, the Commission shall immediately notify, in writing, the Illinois Department of Transportation of the name, address, and other pertinent information required by the Department of Transportation concerning the status of the carrier. (Source: P.A. 84‑1246.)
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