§2603.10. Authority

Latest version.

This Part is promulgated by the Director of Insurance pursuant to Section 401 of the Illinois Insurance Code (Code), which empowers the Director "to make reasonable rules and regulations as may be necessary for making effective" the insurance laws of this State. This Part implements Sections 236, 355, 355a, 364, 367 and 424(1) of the Code. Failure to adhere to the standards in this Part shall subject the offender, in addition to any other penalties provided by law, to proceedings under Article XXVI of the Code.

(Source: Amended at 39 Ill. Reg. 409, effective July 1, 2015)

                    
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