TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
SUBCHAPTER vv: INSURANCE COST CONTAINMENT
PART 4203 INSURANCE DATA REPORTING REQUIREMENTS
SECTION 4203.10 APPLICABILITY


 

Section 4203.10  Applicability

 

This Part shall apply to each company licensed to write property or casualty insurance in this State pursuant to Section 4, Class 2 (a)-(l) and Class 3 (a)-(i) of the Illinois Insurance Code [215 ILCS 5/4]. These procedures are applicable to all direct property and liability business written by insurers licensed by the State of Illinois.  Only direct insurance business will be reported.  The data filings are not to include premiums received from, or losses paid to, other insurers because of the reinsurance assumed by the reporting insurers; nor shall any deductions be made by the reporting insurers for premiums ceded to, or for losses recovered from, other insurers because of the reinsurance ceded.

 

(Source:  Amended at 31 Ill. Reg. 2287, effective January 22, 2007)