Illinois Administrative Code
Title 50 - INSURANCE
Part 1052 - CREDIT ACCIDENT AND HEALTH INSURANCE
Section 1052.40 - Filing and Approval of Premiums
Universal Citation: 50 IL Admin Code ยง 1052.40
Current through Register Vol. 48, No. 12, March 22, 2024
In determining whether or not the benefits in any policy form submitted by an insurer for approval are "reasonable" in relation to the premium, an ultimate loss ratio of fifty percent (50%) will be deemed to provide benefits reasonable in relation to the premium.
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