625 ILCS 5/7-202
2021 Illinois Compiled Statutes|Chapter 625 - VEHICLES|625 ILCS 5/ - Illinois Vehicle Code.|Chapter 7 - Illinois Safety And Family Financial Responsibility Law

 (from Ch. 95 1/2, par. 7-202)Sec. 7-202.     Exceptions to requirements of security.     (a) The requirements  as to security and suspension as provided by Sections 7-201 and 7-205 shall not apply:1.  To the driver or owner if such owner had in effect at the time of such  motor vehicle accident a liability policy covering such driver and owner  with respect to the vehicle involved in such motor vehicle  accident;2.  To the driver, if not the owner of such vehicle, if there  was in effect at the time of such motor vehicle accident a liability policy  or bond with respect to the operation of motor vehicles not owned by the driver;3.  To the driver or owner if the liability of such driver or owner for  damages resulting from such motor vehicle accident is covered by any other  form of liability insurance policy or bond;4. To the driver or owner, if such owner is qualified as a  self-insurer as provided in Section 7-502;5. To the owner if such owner at the time of such motor vehicle accident  was in compliance with Section 8-101 or Section 9-101;6. To the driver or owner if such owner at the time of such motor vehicle  accident was in compliance with the Federal Revised Interstate Commerce Act  (P.L. 95-473), as now or hereafter amended;7. To the owner if the vehicle involved in such motor vehicle accident  was owned by the United States, this State or any political sub-division of  this State, any municipality therein, or any local Mass Transit District;8. To the driver or the owner of a vehicle involved in a motor vehicle  accident wherein no injury or damage was caused to the person or  property of any one other than such driver or owner;9. To the driver or the owner of a vehicle which at the time of the motor  vehicle accident was parked, unless such vehicle was parked at a place where  parking was at the time of the accident prohibited under any applicable  law or ordinance;10. To the owner of a vehicle if at the time of the motor vehicle accident  the vehicle was being operated without his permission, express or implied,  or was parked by a person who had been operating such motor  vehicle without such permission;11. To the driver, if not the owner, of a commercial motor vehicle on  which there was no liability policy or bond with respect to the  operation of such vehicle in effect at the time of the motor vehicle accident  when the driver was operating the vehicle in  the course of the driver's employment and had  no actual knowledge of such lack of a liability policy or bond prior to  the motor vehicle accident.(b) If at the time of the motor vehicle accident, an owner or  driver is covered by a motor vehicle liability policy or bond meeting the  requirements of this Code, such owner or driver shall be exempt  from suspension under Section 7-205 as to that motor vehicle accident,  if the company issuing the policy or bond has failed, and such policy or  bond was not effective at the time of the motor vehicle accident or  any time thereafter, provided, that the owner or driver had no knowledge  of the company's failure prior to the motor vehicle accident, and such  owner or driver has secured within 30 days after learning of such failure  another liability policy or bond meeting the requirements of the Code relating  to future occurrences or motor vehicle accidents.As used in this paragraph, the words "failed" or "failure"  mean that the company has suspended operations by order of a court.    (Source: P.A. 85-293.)