IL HB4114

Requires insurers to file notice with the county recorder when paying a mine subsidence claim, indicating the location of the insured property.

Mandates that county recorders accept and file mine subsidence claim payment notices in a manner accessible through property title searches.

Applies to residential properties, commercial buildings, and living units with mine subsidence insurance coverage.

Establishes minimum reinsurance amounts of $200,000 per residence, $200,000 per commercial building, and $15,000 per living unit for policies issued or renewed on or after January 1, 1996.