Current through Register Vol. 48, No. 50, December 13, 2024
Section 1425.120 - Minimum Requirements for Self-InsurersThe minimum requirements for a carrier to qualify and continue to act as a self-insurer are:
a) Net worth of: 1) $500,000, if the carrier operates less than 25 vehicles;2) $750,000, if the carrier operates from 25 to 100 vehicles; and3) $1,000,000, if the carrier operates more than 100 vehicles.b) Property with a value of $500,000 or more located within the State of Illinois, free from all liens.Ill. Admin. Code tit. 92, § 1425.120