TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES PART 916 REQUIRED PROCEDURE FOR FILING AND SECURING APPROVAL OF POLICY FORMS SECTION 916.EXHIBIT A CERTIFICATE OF COMPLIANCE Section 916.EXHIBIT A Certificate of Compliance
Each company shall submit a "Certificate of Compliance" in substantially this format:
certifies that the policy forms submitted or referenced in this filing do comply:
a) with all provisions of the Illinois Insurance Code applicable to the policy forms; and
b) with all provisions of 50 Ill. Adm. Code applicable to policy forms;
and does further certify to the best of our knowledge and belief that:
1) the forms do not contain any inconsistent, ambiguous or misleading clauses;
2) the forms do not contain specifications or conditions that unreasonably or deceptively affect the risk purported to be assumed in the general coverage of the policy forms;
3) the only variation from the usual provisions of the policy forms are clearly marked or otherwise indicated;
4) the language of the policy form, as submitted or approved, shall be exactly as it has been or will be offered for issuance or delivery in the State of Illinois as approved by the Director, except for hypothetical data and other appropriate variable material; and
5) the policy forms do not contain any provision or clause currently being disapproved by the Director.
a) whether the policy form shall be disapproved; and
b) whether further orders of the Director may be appropriate.
(Source: Amended at 39 Ill. Reg. 16152, effective December 3, 2015) |