92 Ill. Adm. Code 1070.60
Release from Liability
Section 1070
Section 1070.60 Release from
Liability
a)
For purposes of this Section, the following definitions shall apply:
"Covenant Not to Sue" − a common law action
by one who had a right of action against another person whereby he/she agrees
not to enforce the right of action.
"Department" − Department of Driver Services
within the Office of the Secretary of State.
"Release" − legal document which represents
the relinquishment or the giving up of a right or claim by a person to the
person against whom it might have been demanded or enforced.
b) A person shall be released from the requirement for the
deposit of security required by Section 7-201 of the Illinois Safety
Responsibility Law [625 ILCS 5/7-201] if there is satisfactory evidence filed
with the Department that the person has been released from liability.
Satisfactory evidence shall include the following:
1) A notarized release signed by the interested party or
authorized representative.
2) A notarized release signed by the interested party's parent or
legal guardian if the interested party is a minor.
3) A notarized release signed by the administrator or executor of
the interested party's estate if the interested party is deceased and a
certified court order naming the person as administrator or executor of the
estate or a notarized affidavit or heirship.
4) A notarized covenant not to sue signed by the interested party
or his/her authorized representative.
c) A person shall also be released from the requirements for the
deposit of security required by Section 7-201 of the Illinois Safety
Responsibility Law if there is satisfactory evidence filed with the Department
that there has been a final adjudication of non-liability. Satisfactory
evidence shall include a certified court order stipulating that the person
otherwise required to deposit security is not liable as a result of the
accident.
d) The Department shall also accept a certified copy of a
satisfaction of judgment, a judgment note, or a court order dismissing the case
because all matters have been settled to release a person of the requirement
for the deposit of security required by Section 7-201 of the Illinois Safety
Responsibility Law. Evidence of settlement shall also be accepted by the
Department in the form of a bill for repair marked paid or a cancelled check(s)
indicating full payment.