Purpose and Scope

Section 2302 Section 2302.20  Purpose and Scope a)         The purpose of this Part is to establish a uniform procedure under which all companies must file with and secure approval of the Director of Insurance for group or master policy-certificate inland marine insurance forms, rules, and rates before their use in Illinois. b)         This Part is applicable to group or master-policy certificate inland marine insurance regulated by Section 400.1 of the Code involving personal property owned by, being purchased by, or pledged as collateral by individuals, and not used in any business, trade or profession.  Other types of group or master-policy certificate inland marine insurance are exempt from filing under this Part.