Public Act 103-0615

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Public Act 103-0615

Public Act 0615 103RD GENERAL ASSEMBLY
 

 
Public Act 103-0615
 
HB5559 EnrolledLRB103 39018 RPS 69155 b

    AN ACT concerning regulation.
 
    Be it enacted by the People of the State of Illinois, 
represented in the General Assembly:
 
    Section 5. The Illinois Insurance Code is amended by 
adding Section 154.10 as follows:
 
    (215 ILCS 5/154.10 new)
    Sec. 154.10. Description of the determination of a total 
loss of a vehicle. Upon the determination of a total loss of an 
insured vehicle, the insurance company shall provide the 
insured with a brief description of how that determination was 
made, including any available repair estimate, estimated 
vehicle salvage value, assessed market value, and other costs 
and calculations used. This Section applies to policies issued 
or renewed on or after July 1, 2025.