Illinois Administrative Code
Title 50 - INSURANCE
Part 4435 - NONCOMPLIANCE NOTIFICATION AND PENALTIES
Section 4435.50 - Reasonable Compliance Period for Notification

Universal Citation: 50 IL Admin Code ยง 4435.50

Current through Register Vol. 48, No. 12, March 22, 2024

a) Upon receipt of the noncompliance notification described in Section 4435.40, other than a notification for failure to timely file pursuant to Section 1A-113(a), (b) and (c) of the Code, the pension fund, governmental unit or elected or appointed official of a governmental unit notified shall take immediate steps to comply with the provisions of the Code and/or Department's regulation(s) specified in the notice [40 ILCS 5/1A-113(d)(2) ] (see P.A. 90-507, effective August 22, 1997).

b) If the pension fund, governmental unit or elected or appointed official of a governmental unit notified fails to comply with the provision(s) of the Code and/or Department's regulation(s) specified in the noncompliance notification within 30 days after receipt of such notification, the Director may hold a hearing pursuant to Section 4435.80 of this Part to determine if a penalty should be assessed in accordance with the procedures set forth in Section 4435.60 of this Part (see 40 ILCS 5/1A-113(d)(3), P.A. 90-507, effective August 22, 1997).

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.