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TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE SUBCHAPTER i: ADVISORY ORGANIZATIONS PART 754 RULES AND RATE FILINGS SECTION 754.20 OTHER COMPANY FILINGS
Section 754.20 Other Company Filings
a) All companies must file a Form RF-3 for any rate level change affecting any of the kinds of business enumerated in Class 2 and Class 3 of Section 4 of Illinois Insurance Code (The Act) except:
1) Reinsurance;
2) Ocean Marine;
3) Aircraft;
4) Title Insurance;
5) Worker's Compensation;
6) Accident and Health;
7) Inland Marine risks which by general custom are not written according to manual rates or rating plans.
b) A company must indicate whether the information in the Form RF-3 is "exact" or estimated. Note: (The purpose of the Form RF-3 is to provide information on changes in rate level based on the company's premium volume rating system and distribution of business, with respect to the kind of business to which the rate revision applies. The Form RF-3 is attached to the Rule. Supplies of it will not be furnished.)
c) A company must maintain documentary data for rate level changes required by Section 754.20 (a) so that it will be available for review by the Department's Property and Casualty Evaluation Section.
(Source: Amended at 4 Ill. Reg. 26, p. 164, effective July 1, 1980) |