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TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES PART 904 INTERNAL SECURITY STANDARD AND FIDELITY BONDS SECTION 904.5 AUTHORITY AND PURPOSE
Section 904.5 Authority and Purpose
a) This Part is promulgated and adopted pursuant to and in accordance with the provisions of Section 401 of the Illinois Insurance Code.
b) All domestic insurance companies, as well as domestic health maintenance organizations, domestic limited health service organizations, dental service plan corporations, and health services plan corporations, referred to in this Part as such companies, are directed and required, by resolution of their Board of Directors or other appropriate action, to conform their internal functions to this Part.
(Source: Amended at 30 Ill. Reg. 337, effective December 29, 2005) |