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Guaranteed benefits program in Illinois auto insurance test
In Kane and DuPage counties an experimental program offers injured parties up to 12 500 with no fault proof needed and a 105 percent cap including lost wages. The offer can be rejected to sue, while medical benefits up to 5 000 are paid regardless of eventual settlement. The Illinois Experiment in Guaranteed Benefits aims to cut policy costs and speed settlements.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Nlripoli
Kane
DuPage
Parson
Illinois
America Mutual Insurance Alliance