Illinois Administrative Code
Title 50 - INSURANCE
Part 902 - INSURANCE COMPANIES ORIGINATING PAYDAY LOANS
Section 902.40 - Insurance Companies Originating Payday Loans
Universal Citation: 50 IL Admin Code ยง 902.40
Current through Register Vol. 48, No. 12, March 22, 2024
All insurance companies offering payday loans, as that term is defined in Section 902.30 of this Part, including any insurance products and/or services that constitute a payday loan, as defined in Section 902.30 of this Part, must offer such products and/or services in a manner consistent with the Act. Insurance companies shall ensure that any payday loan products and/or services are offered in a manner that will not jeopardize the insurance company's financial solvency pursuant to Article IIA of the Code [215 ILCS 5 /Art. IIA].
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