215 ILCS 5/815.1: Subrogation.

(Text of Section before amendment by P.A. 104-519)

(a) All insurers issuing mine subsidence policies shall retain the right of subrogation.

(b) The Fund, on its own behalf, may exercise the right of subrogation.

(c) Every insurer shall include in its reports an itemized list of all losses in subrogation and shall remit to the Fund all monies, less expenses, recovered as the result of subrogation actions.

(Text of Section after amendment by P.A. 104-519)

Subrogation.

(a) The insurer's residential coverage, living unit coverage, and commercial coverage forms shall include a provision stating that the policyholder shall do nothing after a loss to impair the policyholder's rights of recovery against third parties. An insurer issuing residential coverage, living unit coverage, or commercial coverage shall retain the right of subrogation and do nothing after the loss to impair that right.

(b) The Fund, on its own behalf, may exercise the right of subrogation to the extent permitted by law.

(c) Upon request by the Fund, an insurer with a reinsured claim shall assign to the Fund any rights of subrogation it may have, whether or not the rights of subrogation transfer to the Fund by operation of law.