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Rep. Daniel V. Beiser
Filed: 3/1/2006
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09400HB4296ham002 |
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LRB094 15908 DRH 56895 a |
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| AMENDMENT TO HOUSE BILL 4296
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| AMENDMENT NO. ______. Amend House Bill 4296, AS AMENDED, by |
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| replacing everything after the enacting clause with the |
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| following:
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| "Section 5. The Illinois Vehicle Code is amended by adding |
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| Section 3-122 as follows:
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| (625 ILCS 5/3-122 new) |
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| Sec. 3-122. Reporting of salvaged vehicles and certain |
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| repaired vehicles. |
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| (a) Any insurance company that pays the repair costs for a |
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| vehicle, if (i) those costs exceed 75% of the fair market value |
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| of the vehicle and (ii) the insurance company recommends to its |
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| customer a third party who will purchase the vehicle, must |
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| report to the Secretary of State, within 30 days of making that |
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| recommendation, the vehicle identification number of that |
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| vehicle. |
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| (b) The Secretary shall assemble and make available to the |
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| National Insurance Crime Bureau a listing of: |
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| (1) the vehicle identification numbers for all salvage |
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| titles that the Secretary's office receives on and after |
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| the effective date of this amendatory Act of the 94th |
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| General Assembly; and |
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| (2) all vehicle identifications numbers reported to |
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| the Secretary under subsection (a). |