Exams / Illinois Property Insurance Producer License / 215 ILCS 5/154.10
215 ILCS 5/154.10 — what it says, and how the exam tests it
This section is cited by 7 of our practice questions and is tested on 3 exams including the Illinois Property Insurance Producer License.
The text
215 ILCS 5/154.10. Sec. 154.10. Description of the determination of a total loss of a vehicle. Upon the determination of a total loss of an insured vehicle, the insurance company shall provide the insured with a brief description of how that determination was made, including any available repair estimate, estimated vehicle salvage value, assessed market value, and other costs and calculations used. This Section applies to policies issued or renewed on or after July 1, 2025. (Source: P.A. 103-615, eff. 1-1-25.)
Public record. Read the full, current section at the official source: www.ilga.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Section 154.10, upon determining a total loss of an insured vehicle, which of the following must the insurance company provide to the insured?
drill Illinois Statutes and Regulations Pertinent to Property Insurance Only → - Under Section 154.10, the requirement that an insurer describe how a vehicle total loss determination was made applies to policies issued or renewed on or after what date?
drill Illinois Statutes and Regulations Pertinent to Property Insurance Only → - Under 215 ILCS 5/154.10, upon determining a total loss of an insured vehicle, an insurer must provide the insured with which of the following?
drill Illinois Statutes and Regulations Pertinent to Personal Lines Insurance Only →