Ill. Admin. Code tit. 92 § 1715.430

Current through Register Vol. 48, No. 50, December 13, 2024

Section 1715.430 - Amounts of Insurance Coverage

a) All safety relocators shall file with the Commission and have in effect an indemnity bond or insurance policy or certificates of bonds or insurance in lieu of a bond or policy that shall indemnify or insure the safety relocator for its liability in the following amounts:

1) for injury to person, in an amount not less than $100,000 to any one person and $300,000 for any one accident;

2) in case of damage to property other than a vehicle being removed, in an amount not less than $50,000 for any one accident; and

3) in case of damage to any vehicle relocated or stored by the safety relocator, in an amount not less than $15,000 per vehicle.

b) Any such bond or policy shall be issued by a bonding or insurance firm authorized to do business as such in the State of Illinois. All certificates or indemnity bonds or insurance filed with the Commission must show the coverage effective continuously until cancelled, and the Commission may require evidence of continued validity as it deems necessary.

Ill. Admin. Code tit. 92, § 1715.430