Illinois Administrative Code
Title 50 - INSURANCE
Part 4435 - NONCOMPLIANCE NOTIFICATION AND PENALTIES
Section 4435.60 - Director's Determination of Noncompliance

Universal Citation: 50 IL Admin Code ยง 4435.60

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

a) If the Director, upon hearing held pursuant to Section 4435.80 of this Part, determines that good and sufficient cause for noncompliance has not been shown, the Director may order the pension fund, governmental unit or elected or appointed official of a governmental unit to submit evidence of compliance within a specified period of not less than 30 days [40 ILCS 5/1A-113(d)(4) ](see P.A. 90-507, effective August 22, 1997).

b) If evidence of compliance is submitted within the specified period as set forth by order of the Director in subsection (a) of this Section, the Director shall issue a notification of compliance to the pension fund, governmental unit or elected or appointed official of a governmental unit.

c) If evidence of compliance has not been submitted to the Director within the period of time prescribed in the order pursuant to subsection (a) of this Section and no administrative appeal from the order has been initiated, the Director may assess a civil penalty of up to $2,000 against the pension fund, governmental unit or elected or appointed official of a governmental unit for each noncompliance with an order of the Director [40 ILCS 5/1A-113(d)(5) ] (see P.A. 90-507, effective August 22, 1997).

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