Illinois Compiled Statutes 765 ILCS 1015 Bailment Insurance Act. Section 3

    (765 ILCS 1015/3) (from Ch. 73, par. 1094)

    Sec. 3. In case of loss or damage of a bailor's property while in such a bailee's possession or control and the bailee has represented to the bailor that he would be indemnified for loss in such case, and no statement has been furnished to the bailor as required by Section 1 hereof, the bailee shall be liable to a penalty of $100, which penalty together with reasonable attorney's fees may be recovered by the bailor in a civil action.

(Source: Laws 1949, p. 335.)

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Last modified: February 18, 2015