Proposed Senate Bill 2818 provides that every insurer licensed to issue a policy of automobile insurance in Illinois must be a signatory of the Nationwide Inter-Company Arbitration Agreement. The proposed bill further provides that all disputed claims for automobile physical damage must be arbitrated pursuant to the Nationwide Inter-Company Arbitration Agreement. Under the proposed act, the insurers would have a right on a case by case basis to agree to another forum which may include a court of competent jurisdiction.
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