SR22 Chicago Insurance Getting your Illinois License Back
Insurance Guide Posted in Chicago Car Insurance
SR22 Chicago Insurance Getting License Back After Safety Responsibility Suspension (SR22)
The Safety Responsibility Law (SR22) offers several ways to return one’s license or registration to good standing. However, if the uninsured motorist and/or vehicle owner does not meet one of the following methods of compliance before the suspension goes into effect, he/she will be required to carry the SR22 insurance policy for a period of three years. All Safety Responsibility suspensions will require a $70 reinstatement fee
The type action code referenced on the driving abstract for a Safety Responsibility Suspension (SR22) is a 04.
Chicago SR22; Installment Agreement
Installment Agreements are when the two parties involved in an accident enter into an agreement that allows the uninsured motorist to pay the damages by installment. Both parties (or authorized representatives, i.e. insurance agent or attorney) must sign the Installment Agreement with signatures being notarized or witnessed.
If for any reason the motorist making payments defaults, the person who suffered damages may notify the Secretary of State in writing and the uninsured motorist will be suspended again. Beginning in 1999, the law was amended to accept a second installment agreement once a default has been received. Again, both parties must agree to its issuance. (Authority: 625 ILCS 5/7-208)
Chicago SR22: Release or Covenant Not to Sue
This agreement is signed by the person suffering damages and releases the uninsured motorist of liability. These papers must be notarized or witnessed, and may not be conditional. (Authority: 625 ILCS 5/7-207)
Chicago SR22: Security Deposit
A Security Deposit involves depositing money for the amount of damages certified by the Department of Transportation. By depositing security, the person who suffered damages must file suit in civil court to receive restitution. If a suit is not filed within two years from the date of the suspension, the Security Deposit will be refunded to the uninsured motorist upon receipt of an Affidavit for Refund. Security may also be accepted by way of a surety bond, issued by an authorized bonding company. (Authority: 625 ILCS 5/7-204)
Chicago SR22: Affidavit for Termination of Suspension
This method of compliance is available after two years have elapsed from the date of suspension (or date of the default if an installment agreement has been signed). If the person who suffered damage has not sued the uninsured motorist during this two-year period, the suspension may be terminated. (Authority: 625 ILCS 5/7-211.2)
Chicago SR22: Rescind (Proof of Insurance)
If the individual suspended had insurance at the time of the accident, a letter from the home office of the insurance company including this information should be mailed to the Illinois Department of Transportation. Upon review and acceptance, the suspension will be deleted. If four years have elapsed from the date of the accident, the letter should be directed to the Secretary of State. In these cases SR-22 insurance is not required. No reinstatement fees will be required when accidents are rescinded. No reinstatement fees will be required when accidents are rescinded. (Authority: 625 ILCS 5/7-202a.1)
Chicago SR22: Bankruptcy
Documentation from the U.S. Bankruptcy Court will release the uninsured motorist from liability as well as clear the suspension (Note: Bankruptcy cannot be accepted in alcohol-related cases, per the U.S. Bankruptcy Code 11 USC 523, item 9).(Authority: 625 ILCS 5/7-211.3)
Chicago SR22: Evidence of Non-Liability
These documents come from a court of law indicating that the uninsured motorist is not liable. The document must be file-stamped or certified by the court. Evidence of non-liability will remove the requirement for proof of financial responsibility as well as the reinstatement fee requirement. (Authority: 625 ILCS 5/7-211.3)
Chicago SR22: Chapter XIII Wage-Earner Plan
The Chapter XIII is from the bankruptcy court. It states that money will be deducted from the uninsured motorist’s wages to be applied toward the damages. (Authority: 625 ILCS 5/7-211.3)
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