Section 3150.10  Authority (Repealed)

 

(Source:  Repealed at 44 Ill. Reg. 10127, effective May 29, 2020)

 

Section 3150.20  Purpose and Scope

 

The purposes of this Part are to establish criteria for registration in accordance with the terms of Article XXXI½ of the Illinois Insurance Code (Code) [215 ILCS 5] and to establish an annual registration fee for all third party prescription programs and administrators doing business in this State.

 

(Source:  Amended at 44 Ill. Reg. 10127, effective May 29, 2020)

 

Section 3150.30  Registration

 

Each applicant for registration shall file with the Director of Insurance (Director) the following documents for each program to be administered:

 

a)         One of the following:

 

1)         A certification that includes the location and identification number of the account that the third party prescription program administrator has established and will maintain to comply with Section 512-5(1) of the Code;

 

2)         A bond in compliance with Section 512-5(2) of the Code; or

 

3)         A certification setting forth the basis on which the applicant is exempted from subsection (a)(1) or (2) in accordance with Section 512-5 of the Code;

 

b)         Any contracts, and any schedules attached to those contracts, that will be entered into in this State in compliance with Section 512-7 of the Code; and

 

c)         A manual of procedures setting forth the methodology for compliance with Sections 512-6, 512-8 and 512-9 of the Code.

 

(Source:  Amended at 44 Ill. Reg. 10127, effective May 29, 2020)

 

Section 3150.40  Annual Registration Fee

 

Each third party administrator doing business in this State shall pay to the Director a registration fee of $50.00 on the initial date of application for registration and each annual renewal of the registration.

 

(Source:  Amended at 44 Ill. Reg. 10127, effective May 29, 2020)