(735 ILCS 5/2-1719)
(from Ch. 110, par. 2-1719)
Duties of Director of Insurance.
The Director of
Insurance shall establish rules and procedures:
(1) for determining which insurers, self-insurers, plans, arrangements,
reciprocals or other entities under his or her regulation are financially
qualified to provide the security required under Section 2-1711 and to be
designated as qualified insurers;
(2) to require insurers to post security under Section 2-1711 if found
by the court to be obligated and capable of posting security; and
(3) for publishing prior to January 1 of each year the rate of discount
per annum set out in subsection (c) of Section 2-1709.
(Source: P.A. 84-7.)