Illinois Administrative Code
Title 50 - INSURANCE
Part 1704 - SEGREGATION OF ACCIDENT AND HEALTH BUSINESS
Section 1704.20 - Establishment and Maintenance of Separate Accounts
Universal Citation: 50 IL Admin Code ยง 1704.20
Current through Register Vol. 48, No. 12, March 22, 2024
Every society which writes accident and health insurance shall establish and maintain entirely separate accounts for all transactions pertaining to its accident and health business, to which accounts shall be credited all moneys collected for accident and health insurance contracts and the accretions thereon and to which accounts shall be charged or allocated all losses and expenses incurred in connection with such contracts and all dividends paid, if any.
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