Section 652.50  Enterprise Risk Report

a)         The ultimate controlling person of an insurer required to file an enterprise risk report pursuant to Section 131.14b(a) of the Illinois Insurance Code shall furnish the required information on or before May 1 of each year in the format and providing the information specified in Form F (Illustration F of this Part).

b)         One complete copy of each statement, including exhibits and all other papers and documents filed as a part of the statement, shall be filed with the Director.

c)         Incorporation by Reference

1)         Materials required by any item of this statement may be incorporated by reference in answer or partial answer to any other item.

2)         Information contained in any financial statement, annual report, proxy statement, statement filed with a governmental authority, or any other document may be incorporated by reference in answer or partial answer to any item provided the document or paper is filed as an exhibit to the statement. Excerpts of documents may be filed as exhibits if the documents are extensive. Documents currently on file with the Director that were filed within the prior 3 years need not be attached as exhibits. References to information contained in exhibits or in documents already on file shall clearly identify the material and shall specifically indicate that material is to be incorporated by reference in answer to the item. Material shall not be incorporated by reference in any case in which the incorporation would render the statement incomplete, unclear or confusing.

3)         When an item requires a summary or outline of the provisions of any document, only a brief statement shall be made as to the pertinent provisions of the document. In addition to the statement, the summary or outline may incorporate by reference particular parts of any exhibit or document currently on file with the Director that was filed within the prior 3 years and may be qualified in its entirety by that reference. In any case in which 2 or more documents required to be filed as exhibits are substantially identical in all material respects except as to the parties to the documents, the dates of execution, or other details, a copy of only one of the documents need be filed with a schedule identifying the omitted documents and setting forth the material details in which the other documents differ from the copied document.

(Source:  Amended at 46 Ill. Reg. 10863, effective July 1, 2022)