Illinois Administrative Code
Title 50 - INSURANCE
Part 806 - DERIVATIVE INSTRUMENTS
Section 806.50 - Documentation Requirements
Universal Citation: 50 IL Admin Code ยง 806.50
Current through Register Vol. 48, No. 12, March 22, 2024
An insurer shall maintain documentation and records relating to each derivative transaction, including, but not limited to:
a) The purpose or purposes of the transaction;
b) The assets or liabilities to which the transaction relates;
c) The specific derivative instrument used in the transaction;
d) For over-the-counter derivative instrument transactions, the name of the counterparty and the counterparty exposure amount; and
e) For exchange traded derivative instruments, the name of the exchange and the name of the firm that handled the trade.
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