Section 932.10  Authority

This Part is issued by the Director of Insurance pursuant to Section 401 of the Illinois Insurance Code, which empowers the Director to make reasonable Rules and Regulations as may be necessary for making effective the insurance laws of this State.  This Part implements Section 143.28 of the Illinois Insurance Code by establishing guidelines and procedures for the approval  of anti-theft mechanisms  for purposes of obtaining automobile insurance premium reductions requiring all insurance companies to allow appropriate reductions for rates and premium charges for insured automobiles that are equipped with anti-theft mechanisms or devices approved by the Director.

(Source:  Amended at 28 Ill. Reg. 4207, effective February 23, 2004)