Section 2026.5  Purpose and Scope

a)         Purpose

This Part describes the Director's authority to review rate filings pursuant to Section 355 of the Illinois Insurance Code. 

b)         Scope

This Part establishes the requirements for health insurance issuers offering health insurance coverage in the small group or individual markets to report information concerning unreasonable rate increases to the Director. This Part further establishes the process by which it will be determined whether the rate increases are unreasonable rate increases as defined in this Part.