Illinois Administrative Code
Title 50 - INSURANCE
Part 2904 - ASSIGNED RISK PROCEDURES
Section 2904.100 - Installment Payment of Premium
Universal Citation: 50 IL Admin Code ยง 2904.100
Current through Register Vol. 48, No. 12, March 22, 2024
Policies with an estimated premium of $1,000 or less shall be paid in full. Payment of the estimated annual premium is required in accordance with the filed and approved Plan. An installment payment plan may be requested by the employer and will be made available only in accordance with the filed and approved Plan rules. The Illinois Workers' Compensation Commission surcharge is not a premium and must be paid in full, in addition to the required deposit premium, prior to binding of coverage.
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