(215 ILCS 5/351A-11)
(from Ch. 73, par. 963A-11)
Rules and regulations.
The Director may adopt rules and
regulations establishing minimum standards for marketing practices and
reporting practices, penalties for violating those standards, and loss
ratio standards for long-term care insurance policies, provided that a
specific reference to long-term care insurance policies is contained in the
regulation. Rules adopted pursuant to this Article shall be in accordance
with the provisions of the Illinois Administrative Procedure Act.
(Source: P.A. 87-601.)