(215 ILCS 5/815.1)
Sec. 815.1. Subrogation.
(a) All insurers issuing mine subsidence policies shall retain the right of subrogation.
(b) The Fund, on its own behalf, may exercise the right of subrogation.
(c) Every insurer shall include in its reports an itemized list of all losses in subrogation and shall remit to the Fund all monies, less expenses, recovered as the result of subrogation actions.
(Source: P.A. 88-379.)
Sections: Previous 802.1 803.1 804.1 805.1 806.1 807.1 808.1 809.1 810.1 811.1 812.1 813.1 814.1 815.1 817.1 Next
Last modified: February 18, 2015