Ill. Admin. Code tit. 50, § 2904.100 - Installment Payment of Premium

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

Policies with an estimated premium of $1,000 or less shall be paid in full. Payment of the estimated annual premium is required in accordance with the filed and approved Plan. An installment payment plan may be requested by the employer and will be made available only in accordance with the filed and approved Plan rules. The Illinois Workers' Compensation Commission surcharge is not a premium and must be paid in full, in addition to the required deposit premium, prior to binding of coverage.

Notes

Ill. Admin. Code tit. 50, § 2904.100
Amended at 38 Ill. Reg. 15611, effective 7/2/2014

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