(215 ILCS 5/154.7) (from Ch. 73, par. 766.7)
Sec. 154.7.
Statement of Charges.) (1) Whenever the Director finds
that any company doing business in this State is engaging in any improper
claims practice as defined in Section 154.5, and that a proceeding in respect
thereto would be in the public interest, he shall issue and serve upon such
company a statement of the charges in that respect and a notice of hearing
thereon pursuant to Article XXIV, which notice shall set a hearing date
not less than 10 days from the date of the notice.
(2) The failure of a company to appear at a hearing after receipt of a
statement of the charges and notice of hearing is considered a waiver of
notice and hearing, a stipulation that the charges against the company are
true, immediately suspends such company's Certificate of Authority for 30
days, and subjects the company to any other applicable provisions of
this Code. The Director must notify the company of any suspension or action
taken under this Section.
(Source: P.A. 80-926.)
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