INS CD-VEHICLE COVERAGE

Amends the Illinois Insurance Code. Removes the American Arbitration Association as the default arbitration organization in uninsured and hit an run motor vehicle policies and replaces it with a certified arbitration organization designated in the policy. Provides that all policies renewed, delivered, or issued for delivery shall designate an arbitration organization certified by the Director of the Illinois Department of Insurance. Provides criteria for the Department of Insurance to certify arbitration organizations.