Bill Text: IL SB0644 | 2013-2014 | 98th General Assembly | Chaptered
Bill Title: Amends the Nursing Home Care Act. Makes a technical change in a Section concerning facilities for persons with disabilities or disorders.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2014-08-08 - Public Act . . . . . . . . . 98-0864 [SB0644 Detail]
Download: Illinois-2013-SB0644-Chaptered.html
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Public Act 098-0864 | ||||
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AN ACT concerning regulation.
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Be it enacted by the People of the State of Illinois, | ||||
represented in the General Assembly:
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Section 5. The Illinois Insurance Code is amended by | ||||
changing Section 143.24d as follows:
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(215 ILCS 5/143.24d) | ||||
Sec. 143.24d. Arbitration of physical damage subrogation | ||||
claims between insurers in certain cases. | ||||
(a) With respect to physical damage subrogation claims | ||||
arising from auto damages incurred on or after January 1, 2012, | ||||
insurers shall arbitrate and settle such claims where the | ||||
amount in controversy, exclusive of the costs of the | ||||
arbitration, is less than $2,500. Such arbitration shall be in | ||||
accordance with the terms of and rules adopted pursuant to the | ||||
Nationwide Inter-Company Arbitration Agreement, or any | ||||
successor thereto, as adopted and from time to time amended by | ||||
its members, unless the parties on a case-by-case basis | ||||
mutually agree to use another forum; the alternate forum may | ||||
include a court of competent jurisdiction, in which case the | ||||
claim shall be arbitrated or tried in that alternate forum. | ||||
Mandatory arbitration of disputed claims shall be limited | ||||
solely to the issues of liability and damages. Nothing in this | ||||
Section shall preclude a party from seeking resolution in a |
court of competent jurisdiction after a decision has been | ||
rendered in an arbitration. | ||
(b) Nothing in this Section shall be interpreted to require | ||
an insurer to become a member of any organization or to sign | ||
the Nationwide Inter-Company Arbitration Agreement.
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