Illinois Compiled Statutes 215 ILCS 5 Illinois Insurance Code. Section 397.05

    (215 ILCS 5/397.05) (from Ch. 73, par. 1009.05)

    Sec. 397.05. Standard fire policy; appraisal. When an insured requests an appraisal under a policy of fire and extended coverage insurance, as defined in subsection (b) of Section 143.13, and the insured's full amount of appraised loss is upheld by agreement of the appraisers or the umpire, then the insured's appraisal fee and umpire's appraisal fee shall be paid by the insurer.

(Source: P.A. 87-681.)

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Last modified: February 18, 2015