Section 2302.20  Purpose and Scope

a)         The purpose of this Rule is to establish a uniform procedure under which all companies must:

1)         File with and secure approval of the Director of Insurance for Group Inland Marine Insurance forms before their use in Illinois;

2)         File with the Director of Insurance Group Inland Marine Insurance rules and rates before their use in Illinois.

b)         However, such filing shall be required only for insurance involving personal property owned by, being purchased by or pledged as collateral by individuals, and not used in any business, trade or profession.