Ill. Admin. Code tit. 50, § 102.10 - Contracts with Glass Companies
a)
Insurers licensed to write plate glass insurance in the State of Illinois may
not enter into contracts with a glass company whereby in consideration of the
payment of a specified percentage of the earned premiums on all plate glass
business written, the glass company agrees to undertake to inspect, service and
replace any an all plate glass insured by such companies.
b) A contract of this nature is an insurance
contract and as such it is in violation of the insurance statutes of this
State, which provide that all insurers shall qualify with this Department and
operate under its direct supervision.
Notes
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