Ill. Admin. Code tit. 92 § 1425.120

Current through Register Vol. 48, No. 45, November 8, 2024

Section 1425.120 - Minimum Requirements for Self-Insurers

The minimum requirements for a carrier to qualify and continue to act as a self-insurer are:

a) Net worth of:

1) $500,000, if the carrier operates less than 25 vehicles;

2) $750,000, if the carrier operates from 25 to 100 vehicles; and

3) $1,000,000, if the carrier operates more than 100 vehicles.

b) Property with a value of $500,000 or more located within the State of Illinois, free from all liens.

Ill. Admin. Code tit. 92, § 1425.120