Installment Payment of Premium

Section 2904 Section 2904.100  Installment Payment of Premium Policies with an estimated premium of $1,000 or less shall be paid in full.  Payment of the estimated annual premium is required in accordance with the filed and approved Plan.  An installment payment plan may be requested by the employer and will be made available only in accordance with the filed and approved Plan rules.  The Illinois Workers' Compensation Commission surcharge is not a premium and must be paid in full, in addition to the required deposit premium, prior to binding of coverage.