Ill. Admin. Code tit. 50, § 2303.40 - Procedure

Current through Register Vol. 46, No. 15, April 8, 2022

a) Each company shall be required to report accurate information and mail to PILR a PILR Loss Report Form within 30 days following the company's receipt of notice of a property loss. (See Exhibit A for proper format) Each company shall retain a copy of the completed PILR form. PILR will code the reported information and conduct a computer search of its Data Bank to determine whether the information is similar to information in the PILR Data Bank.

b) The State Fire Marshal is designated the recipient of search analysis reports from the PILR Data Bank for the purpose of determining whether a loss claim merits further investigation. Search analysis reports will be sent directly to the State Fire Marshal and, if a report company is also a subscribing member of PILR, to the subscriber.

c) The Director of Insurance specifically exempts the following companies from complying with this Rule: District, County and Township mutual companies.

Notes

Ill. Admin. Code tit. 50, § 2303.40