Illinois Administrative Code
Title 92 - TRANSPORTATION
Part 1457 - HOUSEHOLD GOODS CARRIERS
Subpart D - SELF-INSURANCE
Section 1457.210 - Minimum Requirements for Self-Insurers

Universal Citation: 92 IL Admin Code ยง 1457.210

Current through Register Vol. 48, No. 38, September 20, 2024

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.

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.