Illinois Administrative Code
Title 35 - ENVIRONMENTAL PROTECTION
Part 1501 - DRYCLEANER ENVIRONMENTAL RESPONSE TRUST FUND PROGRAM
Subpart D - INSURANCE CLAIMS
Section 1501.420 - Premium and Deductible Requirements
Universal Citation: 35 IL Admin Code ยง 1501.420
Current through Register Vol. 48, No. 38, September 20, 2024
a) Premiums
1)
The annual premium for insurance
coverage will be:
A)
For the year July 1, 2020 through
June 30, 2021, and for subsequent years through June 30, 2029, $1,500 per
drycleaning facility per coverage year.
B)
For July 1, 2029 through January
1, 2030, $750 per drycleaning facility per coverage
year. [415
ILCS 135/45(e)]
2) Premiums will not be prorated. If
coverage is purchased for any part of a coverage year, the
purchaser must pay the full annual premium.
[415 ILCS
135/45(f)]
3) Premiums may be paid annually or
semi-annually. Payment of premiums on an annual basis are due on the first day
of the first month of coverage. For premiums paid semiannually, payment of the
first semi-annual premium is due on the first day of the first six calendar
months of coverage and payment of the second semi-annual premium is due on the
first day of the second six calendar months of coverage.
b) Any insurance coverage provided under Subpart D will be subject to a $10,000 deductible on eligible costs. [415 ILCS 135/45(g)]
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