TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES PART 932 AUTOMOBILE ANTI-THEFT MECHANISMS SECTION 932.40 DISCOUNTS TO QUALIFIED MOTOR VEHICLES Section 932.40 Discounts to Qualified Motor Vehicles
All insurance companies issuing policies of automobile insurance, as defined in Section 143.13(a) of the Illinois Insurance Code [215 ILCS 5/143.13(a)], that insure automobiles that are equipped with anti-theft mechanisms shall allow a discount on comprehensive coverage to qualifying automobiles in an amount deemed appropriate by the insurer. The discount shall not be less than 5% on comprehensive coverage. (Source: Amended at 28 Ill. Reg. 4207, effective February 23, 2004) |