50 Ill. Adm. Code 2303.10
Authority
Section 2303
Section 2303.10 Authority
This Rule is promulgated by the
Director of Insurance pursuant to Section 401 of the Illinois Insurance Code
(Ill. Rev. Stat. 1981 ch. 73, para. 1013) which empowers the Director
"...to
make reasonable rules and regulations as may be necessary for making..."
effective the insurance laws of this State, Section 155.23, of the Illinois
Insurance Code (Ill. Rev. Stat. 1981, ch. 73, para. 767.23) which specifically
empowers the Director
"...to promulgate reasonable rules requiring
insurance companies licensed in the State...to report factual information in
their possession which is pertinent to...property insurance claims,...after he
has made a determination that such information is necessary to detect fraud or
arson"
and Section 155.23 (2) of the Illinois Insurance Code (Ill.
Rev. Stat. 19181, ch. 73, para. 767.23) which empowers the Director
"to
designate one or more data processing organizations or governmental agencies to
assist the Director in gathering such information and making compilations
thereof..."
This rule implements Section 155.23 of the Illinois
Insurance Code (Ill. Rev. Stat. 1981 ch. 73 para. 767.23).