Section 753.10  Companies Must File

 

a)         All companies writing any of the kinds of business enumerated in Class 2, except clauses (a) (accident and health), (d) (workers' compensation) and (g) (fidelity and surety), of Section 4 of the Illinois Insurance Code (Code) [215 ILCS 5], and any of the kinds of business enumerated in Class 3 of Section 4 of the Code, except those covered under 50 Ill. Adm. Code 2302, must file, using the System for Electronic Rate and Form Filing (SERFF):

 

1)         copies of all policy forms on these kinds of business and, for mutual companies, a separate proxy signature line for the insured to sign, if applicable;

 

2)         copies of generally used endorsement forms on these kinds of business;

 

3)         copies of all application forms used on these kinds of business, including a separate proxy signature line for the insured to sign if applicable;

 

4)         a copy of the declaration page, in non-individualized, template form, absent personal policyholder information; and

 

5)         a copy of the policy jacket, if used by the company.

 

b)         This filing requirement can be met by:

 

1)         a company making a direct filing on its own behalf or through a third party filer with the company's authorization; or

 

2)         a company authorizing the advisory organization, of which it is a member or subscriber, to make the filing on the company's behalf.

 

c)         A company authorizing its advisory organization to file on the company's behalf under subsection (b)(2) must have on file an authorization that includes:

 

1)         the name of its authorized advisory organization;

 

2)         the kinds of business for which filings will be made;

 

3)         authorization clause or language; and

 

4)         effective date of authorization.

 

d)         All filings must be accompanied by a forms submission letter that includes:

 

1)         the name of the advisory organization or company making the filing;

 

2)         title, form number, and edition identification of the forms;

 

3)         information as to what Class and Clause coverage is written under;

 

4)         identification of all applicable endorsements and applications as to the policy forms for which the endorsements and applications are used;

 

5)         notification as to whether the filing is new or supersedes a present filing.  Identification of all changes in all superseding filings, as well as identification of all superseded forms, is required; and

 

6)         effective date of use.

 

(Source:  Amended at 43 Ill. Reg. 7225, effective June 13, 2019)

 

Section 753.20  Form and Content of Filings

 

a)         There must be printed at the head of the policy the name of the insurer or insurers issuing the policy, the location of the Home Office of the insurer or insurers; a statement of whether the insurer is a stock, mutual, reciprocal, Lloyds, alien insurer, or insurer operating under a charter by Special Act of the Legislature of any state.  Devices, emblems or designs and dates as are appropriate for the insurer issuing the policy may also be added.

 

b)         In a policy in which contingent liability of members or subscribers is provided for, that provision shall be plainly stated in each policy with prominence equal to the indemnifying clause.  Any insurer may also print upon the policy such regulations or provisions as may be required by its home state or such as may be appropriate to or required by its form of organization or plan of operation.  There may be substituted for the word "company", where it appears in the policy, another term more accurately descriptive of the insurer.

 

c)         All forms must be identified by a descriptive title, form number and edition identification.

 

d)         All changes from currently filed forms must be highlighted.  The preferred format is to underline the new wording and overstrike the deleted or changed language and give an explanation for the changes being made, but alternative methods of indicating changes will also be accepted.  Any changes not highlighted will not be deemed filed.

 

e)         Typed or printer's proof copies may be submitted for review, but must be refiled in printed form.  Statements, provisions or endorsements may not be typed or superimposed on a policy or endorsement.

 

f)         All forms must be printed in not less than eight-point type.

 

(Source:  Amended at 39 Ill. Reg. 4061, effective March 9, 2015)

 

Section 753.30  Submission of Filing

 

All filings required in Section 753.10 must be received in SERFF or in an electronic format approved by the Director no later than their effective date of use.  Filings will only be considered received during the regular business hours from 8:00 am through 5:00 pm Central Standard Time (CST), Monday through Friday, excluding holidays.

 

(Source:  Amended at 39 Ill. Reg. 4061, effective March 9, 2015)

 

Section 753.EXHIBIT A   Authorization to Accept Filings by Reference (Form RF-1) (Repealed)

 

(Source:  Repealed at 39 Ill. Reg. 4061, effective March 9, 2015)