Illinois § 143.12a
Full text of Illinois Illinois Compiled Statutes § 143.12a, with citation guidance and answers to common questions.
§ 143.12a.
Automobile insurance; pro rata refund of unearned premium. (a) In the event of the cancellation of a policy of automobile insurance, as defined in Section 143.13, by either the company or the policyholder, the company shall refund the unearned premium pro rated to the date of cancellation. In no event may the refund of unearned premium be computed by use of a short rate table. Refund of the premium shall be without prejudice to any claim arising prior to the cancellation. (b) The refund shall be made by the company within 30 days from the following: (1) the date of the notice of cancellation by the company; or (2) the date the company receives the request for cancellation from the policyholder. (Source: P.A. 86-1408.)
Frequently Asked Questions About Illinois § 143.12a
What does Illinois Compiled Statutes § 143.12a cover?
Section 143.12a is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 143.12a?
A common citation format is "Illinois Compiled Statutes § 143.12a" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 143.12a apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.