Section 1451.10  Authority

This Part is issued by the Director of Insurance pursuant to:

a)         Section 401 of the Illinois Insurance Code which empowers the Director "... to make reasonable rules and regulations as may be necessary for making effective..." the insurance laws of this State; and

b)         Section 245.24 of the Illinois Insurance Code, which empowers the Director "... to promulgate such reasonable rules and regulations as may be appropriate to carry out the purposes and provisions of ..." Article XIV½ of the Illinois Insurance Code.