50 Ill. Adm. Code 1052.40

Filing and Approval of Premiums

Last amended: 1996Year: 2026Length: 53 wordsOfficial source
Section 952 Section 1052.40  Filing and Approval of Premiums In determining whether or not the benefits in any policy form submitted by an insurer for approval are "reasonable" in relation to the premium, an ultimate loss ratio of fifty percent (50%) will be deemed to provide benefits reasonable in relation to the premium.
50 Ill. Adm. Code 1052.40: Filing and Approval of Premiums | Justis AI