Ill. Admin. Code tit. 50, § 2302.20 - Purpose and Scope
Current through Register Vol. 46, No. 15, April 8, 2022
a) The
purpose of this Part is to establish a uniform procedure under which all
companies must file with and secure approval of the Director of Insurance for
group or master policy-certificate inland marine insurance forms, rules, and
rates before their use in Illinois.
b) This Part is applicable to group or
master-policy certificate inland marine insurance regulated by Section 400.1 of
the Code involving personal property owned by, being purchased by, or pledged
as collateral by individuals, and not used in any business, trade or
profession. Other types of group or master-policy certificate inland marine
insurance are exempt from filing under this Part.
Notes
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