TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER a: DEFINITIONS AND CLASSIFICATIONS
PART 102 PLATE GLASS SERVICE CONTRACTS
SECTION 102.10 CONTRACTS WITH GLASS COMPANIES


 

Section 102.10  Contracts with Glass Companies

 

a)         Insurers licensed to write plate glass insurance in the State of Illinois may not enter into contracts with a glass company whereby in consideration of the payment of a specified percentage of the earned premiums on all plate glass business written, the glass company agrees to undertake to inspect, service and replace any an all plate glass insured by such companies.

 

b)         A contract of this nature is an insurance contract and as such it is in violation of the insurance statutes of this State, which provide that all insurers shall qualify with this Department and operate under its direct supervision.