IL HB5013

Reduces minimum liability insurance requirement for vehicles requiring a school bus driver permit from $2,000,000 to $1,000,000 combined single limit per accident.

Adds requirement for $5,000,000 minimum excess or umbrella liability insurance for all vehicles requiring a school bus driver permit.

Requires vehicles used with private day care facilities, day camps, summer camps, or nursery schools to carry $1,000,000 liability insurance plus $5,000,000 excess or umbrella liability insurance.

Specifies that required insurance must be provided by licensed and admitted insurance carriers, intergovernmental cooperatives, or certified self-insurers under the Illinois Vehicle Code.

Applies to liability insurance policies issued or renewed on or after January 1, 2013.