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CONCESSION CORNER

AMENDMENTS FOR INSURANCE CRITERIA FOR AMUSEMENT RIDES AND ATTRACTIONS IN THE STATE OF ILLINOIS.

The following amendments will implement action taken by the Illinois Carnival-Amusement Safety Board at their January 17, 2003 meeting. These amendments will establish minimum acceptance criteria for insurance companies affording coverage to operators of amusement rides and amusement attractions. This should provide the operators with a measure of assurance that the company affording has the financial stability to cover any claim that may be filed.

As required by law, public hearings were held on August 19 in Chicago, IL and August 21, 2003 in Springfield, IL, which allowed comments from interested parties regarding these amendments. The normal legislative procedures will now be followed for final ratification by the legislature. Written comments may be submitted to: Carl Kimble, Chief Inspector, Carnival & Amusement Ride Division, Illinois Department of Labor, #1 W. Old State Capitol Plaza, 3rd Floor, Springfield, IL 62701.

Although these amendments are shown here in “Concession Corner”, they do in fact cover Indoor Racing in the State of Illinois, as well as all other amusement rides. Please note, official notice of the amendments was published as required by law on August 1, 2003 in the Illinois Register of Rules of Governmental Agencies.

Section 6000.80
No person shall operate an amusement ride or amusement attraction unless there is in force:

a) A current insurance policy, or policies, with coverage in amounts at least as great as those required by Section 2-14 of the Act. Proof of insurance shall be a certificate of insurance issued by the insurer and filed with the Carnival and Amusement Ride Inspection Division of the Department of Labor; or

b) A bond in like amount, as set forth in Section 2-14 of the Act; or

c) A deposit with the board of cash or other security acceptable to the Chairman.

Section 6000.85

a) Liability Insurance:

1) Proof of insurance shall be a copy of the policy, or policies, including all endorsement, or a certificate of insurance issued by the insurer and filed with the Department’s Carnival and Amusement Ride Inspection Division.

2) The company or companies affording coverage shall have a current Best’s rating of “B” or better and a current Best’s financial class of “V” or better.

3) Policies and certificates issued by companies not a part of the Illinois Insurance Guaranty Fund shall bear a surplus lines stamp.

b) Bonds:

1) The bonding company shall have:

A) A current Best’s rating of “B” or better and a current Best’s financial class of “V” or better.

B) A duly issued license in the State of Illinois by the Department of Insurance.

2) The bonding company shall not have an unacceptable record of improper conduct or financial problems with the State of Illinois Department of Insurance.

3) The bond shall be in effect for a minimum of three (3) years or until any pending litigation has been finalized.

c) Deposit of cash or other security

1) The acceptability of any deposit of cash or other security shall be determined by the Chairman of the Carnival-Amusement Safety Board with agreement from a majority of the Board and the Director.
2) The deposit(s) shall be held, interest free, by the Department for a minimum of three (3) years or until any pending litigation has been finalized.

If you have any questions or concerns, contact the Carl Kimble at the Illinois Dept. of Labor at 217-782-9347 or write Illinois Department of Labor, 1 West Old state Capitol Plaza – 3rd Floor, Springfield, Illinois 62701.

END

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