IL Company Bulletin 2019-02

All Insurance Companies Authorized to Sell Motor Vehicle Liability Insurance in Illinois : Registration with the Illinois Insurance Verification System (ILIVS)

Year: 2019Length: 245 wordsOfficial source
320 W. Washington Street Springfield, Illinois 62767 (217) 782-4515 http://insurance.illinois.gov Illinois Department of Insurance JB PRITZKER Governor KEVIN FRY Acting Director TO: ALL INSURANCE COMPANIES AUTHORIZED TO SELL MOTOR VEHICLE LIABILITY INSURANCE IN ILLINOIS FROM: Kevin Fry, Director of Insurance (Acting) DATE: March 5, 2019 RE: Company Bulletin #2019-02 Registration with the Illinois Insurance Verification System (“ILIVS”) Pursuant to 625 ILCS 5/7-603.5, the Illinois Secretary of State is implementing the ILIVS to assist in reducing the number of uninsured motorists in Illinois. Paragraph (a)(1) of 625 ILCS 5/7-603.5 places specific requirements on Illinois insurance companies authorized to sell motor vehicle liability insurance. Unless you have already done so, please go to the ILIVS website (www.ilivs.com) and click on the Registration link in the top menu to access the Registration form. Fill out the required information to register with ILIVS. The ILIVS Help Desk will contact you after your registration is approved. Key dates for insurance companies are listed below: • April 1, 2019 – Deadline for insurance companies to register on the ILIVS website (www.ilivs.com). • July 1, 2019 – Deadline for insurance companies to begin testing with ILIVS. • August 30, 2019 – Deadline for insurance companies to move to production with ILIVS. An Implementation Guide has been created to assist insurers with ILIVS compliance. To view the guide, go to www.ilivs.com, click on “Help”, then “Help – For Insurance Companies”. If you have any questions about ILIVS, please send an email to support@ILIVS.com.
IL Company Bulletin 2019-02: All Insurance Companies Authorized to Sell Motor Vehicle Liability Insurance in Illinois : Registration with the Illinois Insurance Verification System (ILIVS) | Justis AI