HB 4280

Abstract

Amends the Illinois Insurance Code. Provides that an insurer shall not allow an insured to cancel, terminate, or allow to expire a policy insuring against loss resulting from liability imposed by law for bodily injury or death suffered by any person arising out of the ownership, maintenance, or use of a motor vehicle designed to be used on a public highway in this State unless the insured provides to the Department of Insurance and the insuring company a bill of sale of the motor vehicle insured by the policy or satisfactory evidence that the motor vehicle is covered by another liability insurance policy that satisfies the motor vehicle liability insurance requirements of the Illinois Insurance Code and the Illinois Vehicle Code.