§929.50. Exemption from Filings

Latest version.

a) A company is not required to file under this Part for individual risks in this State that cannot be rated in the normal course of business because of special or unusual characteristics, as provided in Section 456(1)(c) of the Code and that must be rated on the basis of underwriting judgment.

b) A company must maintain documentary information regarding rates determined under subsection (a) for review by the Director.

(Source: Added at 39 Ill. Reg. 392, effective December 19, 2014)

                    
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