Ill. Admin. Code tit. 50, § 753.10 - Companies Must File

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

a) All companies writing any of the kinds of business enumerated in Class 2, except clauses (a) (accident and health), (d) (workers' compensation) and (g) (fidelity and surety), of Section 4 of the Illinois Insurance Code (Code) [ 215 ILCS 5 ], and any of the kinds of business enumerated in Class 3 of Section 4 of the Code, except those covered under 50 Ill. Adm. Code 2302, must file, using the System for Electronic Rate and Form Filing (SERFF):
1) copies of all policy forms on these kinds of business and, for mutual companies, a separate proxy signature line for the insured to sign, if applicable;
2) copies of generally used endorsement forms on these kinds of business;
3) copies of all application forms used on these kinds of business, including a separate proxy signature line for the insured to sign if applicable;
4) a copy of the declaration page, in non-individualized, template form, absent personal policyholder information; and
5) a copy of the policy jacket, if used by the company.
b) This filing requirement can be met by:
1) a company making a direct filing on its own behalf or through a third party filer with the company's authorization; or
2) a company authorizing the advisory organization, of which it is a member or subscriber, to make the filing on the company's behalf.
c) A company authorizing its advisory organization to file on the company's behalf under subsection (b)(2) must have on file an authorization that includes:
1) the name of its authorized advisory organization;
2) the kinds of business for which filings will be made;
3) authorization clause or language; and
4) effective date of authorization.
d) All filings must be accompanied by a forms submission letter that includes:
1) the name of the advisory organization or company making the filing;
2) title, form number, and edition identification of the forms;
3) information as to what Class and Clause coverage is written under;
4) identification of all applicable endorsements and applications as to the policy forms for which the endorsements and applications are used;
5) notification as to whether the filing is new or supersedes a present filing. Identification of all changes in all superseding filings, as well as identification of all superseded forms, is required; and
6) effective date of use.

Notes

Ill. Admin. Code tit. 50, § 753.10
Amended at 39 Ill. Reg. 4061, effective 3/9/2015 Amended at 43 Ill. Reg. 7225, effective 6/13/2019

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