NATIONAL BEN FRANKLIN INSURANCE COMPANY A SSUBROGEE, ETC., Claimant, v. STATE OF ILLINOIS, Respondent.
Case summary
Claimant sought return of a $300 security deposit posted with the Secretary of State. The court awarded the amount because the claimant's insured had been paid in excess of that sum, entitling the claimant to the bond proceeds.
Statutes cited: Ill.Rev.Stat., Ch. 95/2, 07-324
AI-generated summary from the opinion text — may contain errors. The opinion text and PDF above are the official record.
Headnotes
- CONTRACTS-c1aim against Secretary of State for security deposit made by Claimant under Safety Responsibility Act which sum is owed because Claimant’s insured has been paid a sum total in excess of security bond. Stipulation as to facta and amount of damages sustained.
This cause coming to be heard on the Joint Stipulation of the parties hereto, and the Court being fully advised in the premises;
This Court finds that this claim seeks return of a security deposit (bond money) in the amount of $300.00 deposited with the Secretary of State pursuant to Ill.Rev.Stat., Ch. 95/2, 07-324. That Claimant’s insured has been paid a sum total in excess of the aforementioned $300.00 amount, and that Claimant is thereupon entitled to recovery of the $300.00 security bond to be applied and deducted from the proceeds of the unsatisfied judgment of Claimant’s insured against one Ali Jalayer (uninsured motorist).
It is hereby ordered that the sum of Three Hundred Dollars ($300.00) be awarded to Claimant in full satisfaction of any and all claims presented to the State of Illinois arising out of the above captioned cause.