Insolvency: in generalInsurance Law, January 1999Common law retaining lien may not be asserted in proceeding to liquidate insolvent insurer.
Life insurance - beneficiariesInsurance Law, January 1999Insured's change of beneficiary in life insurance policy two months prior to filing petition for dissolution of marriage did not violate automatic stay provision of Marriage Act.
Mandatory insuranceInsurance Law, January 1999Statutorily required limits of liability for car dealerships' insurance should not change according to identity of person driving automobile at time of accident.
Other insuranceInsurance Law, January 1999Umbrella policy is excess over primary CGL policy containing excess "other insurance" clause.
Permissive user: subsequent permitteeInsurance Law, January 1999Permission given by insured corporation to its employee for purposes of renting truck extended to son of employee.
Prejudgment interestInsurance Law, January 1999Umbrella insurer entitled to prejudgment interest from primary CGL insurer on amount it contributed to settlement of underlying action.
Statute of limitations: generalInsurance Law, January 1999Two-year statute of limitations does not apply to section 155 of the Illinois Insurance Code.
Underinsured motorists coverage: stackingInsurance Law, January 1999"Out of state" coverage provision in UIM coverage does not act as choice-of-law provision; therefore UIM limits cannot be stacked on top of benefits already received, where benefits received equaled UIM limits.
Words and phrases indexInsurance Law, January 1999Insurer's delay in settling uninsured motorist claim was vexatious and unreasonable under section 155 of Illinois Insurance Code.