Ill. Admin. Code tit. 50, § 931.20 - Scope
a) This Part shall
apply to all companies authorized to transact insurance business as set forth
in Classes 1, 2 or 3 of Section 4 of the Illinois Insurance Code, except for
those lines of insurance enumerated in Section
931.50 of this
Part.
b) This Part shall apply to
any policy or certificate issued as new business and:
1) The first renewal of a policy or
certificate issued after the effective date of this Part;
2) The first continuation of notice of any
policy or certificate written on a continuous basis, or with no fixed
expiration date, issued after the effective date of this Part;
3) Any binders of insurance issued or
delivered in this State.
c) For Group Life Insurance and Group
Accident and Health Insurance, the requirement of "Written Notice" may be
satisfied by furnishing to the policyholder, or by the policyholder furnishing,
notices in sufficient quantity for distribution to the group members.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.