Section 2603.10  Authority

This Part is promulgated by the Director of Insurance pursuant to Section 401 of the Illinois Insurance Code (Ill. Rev. Stat., 1981, ch. 73, Section 1013), which empowers the Director "...to make reasonable rules and regulations as may be necessary for making effective..." the insurance laws of this State.  This Part implements Sections 236, 355a, 364 and 424(1) of the Illinois Insurance Code (Ill. Rev. Stat., 1981, ch. 73, pars. 848, 967a, 976, 1031(1)). Failure to adhere to the standards herein set forth shall subject the offender, in addition to any other penalties provided by law, to proceedings under Article XXVI of the Illinois Insurance Code.