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Illinois Statutes Chapter 215. Insurance § 5/144.2. Notification of insurance business

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 144.2. Notification of insurance business.

(a) Upon notice by the Director, a company having direct premium income must file with the Director supplemental information regarding its insurance business. The Director shall by rule establish standards to determine the companies to be given notice.

(b) The notice prescribed by this Section may require the company to provide information concerning, but not limited to, the following:

(1) adequacy of rates;

(2) marketing methodology and acquisition expenses;

(3) underwriting standards;

(4) recordkeeping and statistical systems;

(5) claim systems and claim reserving systems;

(6) reinsurance; and

(7) the general financial condition of the company.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 215. Insurance § 5/144.2. Notification of insurance business - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-215-insurance/il-st-sect-215-5-144-2/

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