Illinois Administrative Code
Title 23 - EDUCATION AND CULTURAL RESOURCES
Part 3300 - LOAN OF MILITARY ARTIFACTS
Section 3300.60 - Insurance Requirements
Universal Citation: 23 IL Admin Code § 3300.60
Current through Register Vol. 48, No. 52, December 27, 2024
The following insurance requirements must be met:
a) The borrower shall insure the object at the value stated by the DMAIL, which shall be determined in one of the following ways:
1) Appraised value;
2) Value as determined by restorer;
or
3) Comparison to similar
artifact whose value has been determined by an appraiser or restorer (e.g., two
Civil War battle flags).
The insurance shall be in force from the time the object leaves the physical possession of the DMAIL until returned.
b) The policy shall be an all-risk policy subject only to the standard exclusions with the DMAIL as a named insured.
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