Disable Highlighting

Highlight Options

Actions

List of Forms

You must be a paid subscriber to access the downloads

Table of Contents

List of Forms by Chapter

Chapter 1 — Types of Insurance Subject to Regulation — Licensing Issues

Chapter 2 — Claims, Underwriting, Investments, and Marketing

I. [2.1] Introduction

II. Claims

[2.2] Administration of Claims

[2.3] Improper Claims Practices Generally

[2.4] Claims Practices Specific to Property and Casualty Insurers

[2.5] Total Loss Vehicle Claims

[2.6] Replacement

[2.7] Cash Settlements

[2.8] Practices Concerning Travel, Loss of Use, Storage and Towing, Betterment, and Replacement Crash Parts

[2.9] Unreasonable Travel

[2.10] Loss of Use

[2.11] Storage and Towing

[2.12] Betterment Deductions

[2.13] Replacement Crash Parts

[2.14] Claims Practices Specific to Fire and Extended Coverage Claims

[2.15] Claims Practices Specific to Life, Accident, and Health Insurers

[2.16] Procedure for Violations

III. [2.17] Investments

General Investment Restrictions

[2.18] Admitted Assets

[2.19] Prohibited Investments

[2.20] Loans to Officers and Directors

[2.21] Allowable Assets That Are Not Admitted Assets

Specific Investment Restrictions for Life and Health Insurers

[2.22] General Diversification

[2.23] Grade of Investment

[2.24] Canadian Investments

[2.25] Rated Credit Instruments

[2.26] Investment Pools

[2.27] Equity Interests

[2.28] Tangible Personal Property Under Lease

[2.29] Mortgage Loans and Real Estate

[2.30] Securities Lending, Repurchase, Reverse Repurchase, and Dollar Roll Transactions

[2.31] Foreign Investments and Foreign Currency Exposure

[2.32] Derivative Transactions

[2.33] Policy Loans

[2.34] Additional Investment Authority

Specific Investment Restrictions for Property and Casualty Insurers

[2.35] Property and Casualty Reserve Requirements

[2.36] Diversification for Property and Casualty Insurer

[2.37] Grade of Investment

[2.38] Canadian Investments

[2.39] Rated Credit Instruments

[2.40] Investment Pools

[2.41] Equity Interests

[2.42] Tangible Personal Property Under Lease

[2.43] Mortgage Loans and Real Estate

[2.44] Securities Lending, Repurchase, Reverse Repurchase, and Dollar Roll Transactions

[2.45] Foreign Investments and Foreign Currency Exposure

[2.46] Derivative Transactions

[2.47] Additional Investment Authority

IV. Underwriting

Prohibited Acts and Practices

[2.48] Insurers and Advisory Organizations Acting in Concert

[2.49] Redlining

[2.50] Rebates

[2.51] Insurance Declination Based on Arbitration Agreement (Medical Malpractice)

[2.52] Policy Forms

[2.53] Rates

[2.54] Policy Cancellation and Nonrenewal

[2.55] Cancellation

[2.56] Automobile Policies

[2.57] Fire and Marine Policies

[2.58] Fire and Extended Coverage Policies and Casualty Policies

[2.59] Nonrenewal

[2.60] Automobile Policies

[2.61] Fire and Extended Coverage Policies

[2.62] Automobile Insurance Sales Requirements

[2.63] Use of Credit Information

[2.64] Accident and Health: Content and Format Requirements

V. [2.65] Advertisement and Marketing

[2.66] Misrepresentation and Defamation

[2.67] Contents of Advertisements as to Financial Condition

[2.68] Accident and Health Advertising Restrictions

[2.69] Exaggeration of Benefits

[2.70] Description of Benefits and Limitations

[2.71] Confinement Benefit

[2.72] Specified Disease

[2.73] Direct Response

[2.74] Waiting Periods

[2.75] Preexisting Conditions

[2.76] Advertisement Beyond Licensed State

[2.77] Governmental Endorsement

[2.78] Financial Condition and Ratings

[2.79] Choice of Contract

[2.80] Enforcement

[2.81] Certificate of Compliance

[2.82] Unfair Competition

Chapter 3 — Financial Condition Examinations

Chapter 4 — Compliance — Privacy, Sarbanes-Oxley, Antifraud

Chapter 5 — Insurer Insolvency and Guaranty Fund Issues

Chapter 6 — Taxation Issues

Chapter 7 — Surplus Lines

Chapter 8 — Risk Retention Groups and Purchasing Groups

Chapter 9 — Regulation of Producers, Agents, and Brokers

Chapter 10 — Reinsurance

Chapter 11 — Regulatory Modernization — Building a Better Regulatory System for Consumers

Chapter 12 — Illinois Insurance Holding Company Act and Mergers and Acquisitions of Insurers

Authors

Bruce E. Baty
Bruce E. Baty
No bio available.
Corinne P. Carr
Corinne P. Carr
No bio available.
Edward T. Collins
Edward T. Collins
No bio available.
Daniel A. Cotter
Daniel A. Cotter
Daniel A. Cotter is an attorney and counselor with Howard & Howard Attorneys PLLC in Chicago, where he focuses his practice on corporate and business law. Mr. Cotter is a member of the American Bar Association’s House of Delegates, a member and Past President of the Chicago Bar Association, and President Elect of the National Conference of Bar Presidents. He received his B.A. from Monmouth College and his J.D. summa cum laude from the University of Illinois Chicago School of Law. He has also successfully completed the Certified Public Accountant Exam.
Peter J. Eckardt
Peter J. Eckardt
No bio available.
Carl Fasig
Carl Fasig
No bio available.
Bruce W. Foudree
Bruce W. Foudree
No bio available.
Mark R. Goodman
Mark R. Goodman
No bio available.
Jodi M. Hoss
Jodi M. Hoss
No bio available.
Dennis G. LaGory
Dennis G. LaGory
No bio available.
Christopher T. Longeway
Christopher T. Longeway
No bio available.
Patricia A. Ryan
Patricia A. Ryan
No bio available.
Bella Shirin
Bella Shirin
No bio available.
Ken Skiera
Ken Skiera
No bio available.
Scott A. Taber
Scott A. Taber
No bio available.

Highlight Options

Insurance Industry (Illinois): Laws and Regulations (ARCHIVED 2010 EDITION)

An IICLE® Online Library subscription is required to view this content. For more information or to subscribe, click here.