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(215 ILCS 93/20)
Sec. 20.
Establishment of Class of Business.
(a) A small employer carrier may establish a separate class of business only
to reflect substantial differences in expected claims experience or
administrative costs related to the following reasons:
(1) the small employer carrier uses more than one |
| type of system for the marketing and sale of health benefit plans to small employers;
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(2) the small employer carrier has acquired a class
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| of business from another small employer carrier; or
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(3) the small employer carrier provides coverage to
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| one or more association groups.
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(b) A small employer carrier may establish up to 4 separate classes
of business under subsection (a).
(c) The Director may approve the establishment of additional classes of
business upon application to the Director and a finding by the Director that
such action would enhance the efficiency and fairness of the small employer
marketplace.
(Source: P.A. 91-510, eff. 1-1-00.)
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