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


 

Section 3150.30  Registration

 

All third party prescription programs and administrators doing business in this State as set forth in Ill. Rev. Stat. 1981, ch. 73, par. 733-3, shall register with the Director of Insurance.  Each applicant for registration shall file with the Director the following documents for each program to be administered:

 

a)         A certification which 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); or

 

b)         A bond in compliance with Section 512-5(2); or

 

c)         A certification setting forth the basis on which they are exempted from (1) or (2) in accordance with Section 512-5; and

 

d)         Any contracts and any schedules that are attached thereto, that will be entered into in this State in compliance with Section 512-7.

 

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

 

f)         The fee as established by Section 3150.40 of this Part.

 

(Source:  Adopted at 7 Ill. Reg. 15625, effective November 8, 1983)