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TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES PART 911 UNEARNED PREMIUM RESERVE COMPUTATION SECTION 911.5 INTRODUCTION
Section 911.5 Introduction
This Part is Issued by the Director of Insurance pursuant to Section 401 of the Illinois Insurance Code which empowers the Director "... to make reasonable rules and regulations as may be necessary for making effective..." insurance laws of this State. It is the purpose of this Part to implement Sections 379.1 and 393.1 of the Illinois Insurance Code by providing for the method to be used to determine the amount of the unearned premium reserve. |