Purpose and Scope

Section 2907.10  Purpose and Scope a)         The purpose of this Part is to establish content, form and data reporting requirements for information required to be reported to the Director by Section 29.2(b) of the Workers' Compensation Act [820 ILCS 305].  This Part also establishes the medium by which this information shall be transmitted to the Director. b)         This Part applies to each company licensed to write workers' compensation insurance in this State pursuant to Section 4, Class 2(d) of the Code. These procedures are applicable to all workers' compensation insurance written by insurers licensed by the State of Illinois.  The data filings are not to include premiums received from, or losses paid to, other insurers because of the reinsurance assumed by the reporting insurers; nor shall any deductions be made by the reporting insurers for premiums ceded to, or for losses recovered from, other insurers because of the reinsurance ceded.