Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE50. INSURANCE |
PART2500. FEES, CHARGES AND TAXES |
§2500.80. Calculation Guidelines
Latest version.
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a) All calculations shall be rounded to whole numbers by rounding down if the first decimal place is five or less and rounding up otherwise.
b) For all calculated amounts owed, a whole dollar amount shall be reported and any amount calculated should be rounded down if $0.50 or less and rounded up otherwise.
(Source: Amended at 44 Ill. Reg. 3419, effective February 24, 2020)