(65 ILCS 5/11-152-2)
(from Ch. 24, par. 11-152-2)
(a) The municipal insurance availability program shall
offer to each eligible resident
coverage in the amount and type determined to be sufficient by the program administrator.
(b) Premiums charged for coverage issued under the program shall be
reasonable in relation to the coverage
(c) The program administrator shall establish a premium billing
procedure for collection of premiums from insureds on a periodic basis.
(d) The program administrator shall perform all necessary functions to
assure timely payment of claims under the program.
(Source: P.A. 84-1431.)