TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER ii: INSURANCE PRODUCERS, LIMITED INSURANCE REPRESENTATIVES AND BUSINESS ENTITIES
PART 3150 THIRD PARTY PRESCRIPTION ADMINISTRATORS
SECTION 3150.30 REGISTRATION


 

Section 3150.30  Registration

 

Each applicant for registration shall file with the Director of Insurance (Director) the following documents for each program to be administered:

 

a)         One of the following:

 

1)         A certification that includes the location and identification number of the account that the third party prescription program administrator has established and will maintain to comply with Section 512-5(1) of the Code;

 

2)         A bond in compliance with Section 512-5(2) of the Code; or

 

3)         A certification setting forth the basis on which the applicant is exempted from subsection (a)(1) or (2) in accordance with Section 512-5 of the Code;

 

b)         Any contracts, and any schedules attached to those contracts, that will be entered into in this State in compliance with Section 512-7 of the Code; and

 

c)         A manual of procedures setting forth the methodology for compliance with Sections 512-6, 512-8 and 512-9 of the Code.

 

(Source:  Amended at 44 Ill. Reg. 10127, effective May 29, 2020)