IL HB5520

Increases minimum liability insurance requirements for standard motor vehicles from $25,000 to $30,000 for bodily injury or death of one person per crash.

Increases minimum liability insurance for two or more persons from $50,000 to $60,000 per crash for standard vehicles.

Increases minimum property damage liability insurance from $20,000 to $25,000 per crash for standard vehicles.

Establishes new insurance requirements for commercial vehicles at $50,000 (one person), $100,000 (two or more persons), and $50,000 (property damage) per crash.

Changes apply to policies issued or renewed on or after the bill's enactment.