50 Ill. Adm. Code 916.EXHIBIT A
A Certificate of Compliance
Section 916
Section 916.EXHIBIT A Certificate
of Compliance
Each company shall submit a
"Certificate of Compliance" in substantially this format:
CERTIFICATE
OF COMPLIANCE
(Company
Name)
By:
Title:
certifies that the policy forms submitted
or referenced in this filing do comply:
a) with all provisions of the Illinois Insurance Code applicable
to the policy forms; and
b) with all provisions of 50 Ill. Adm. Code applicable to policy
forms;
and does further certify to the best of our knowledge and
belief that:
1) the forms
do not contain any inconsistent, ambiguous or misleading clauses;
2) the forms
do not contain specifications or conditions that unreasonably or deceptively
affect the risk purported to be assumed in the general coverage of the policy forms;
3) the
only variation from the usual provisions of the policy forms are clearly marked
or otherwise indicated;
4) the
language of the policy form, as submitted or approved, shall be exactly as it
has been or will be offered for issuance or delivery in the State of Illinois
as approved by the Director, except for hypothetical data and other appropriate
variable material; and
5) the
policy forms do not contain any provision or clause currently being disapproved
by the Director.
In utilizing the procedure for
policy form filing and approval set forth in 50 Ill. Adm. Code 916,
(company
name)
hereby expressly agrees and
consents to a review, by the
Director, to be made at any
time, and further hereby expressly agrees and consents to the discontinuance
by the company of future use of the approved policy forms, 30 days from the
date of mailing an order of withdrawal issued by the Director pursuant to Section
143(1) of the Illinois Insurance Code. The order shall set forth the reasons
why the previously approved policy forms are violative of or contrary to the
provisions of the Illinois Insurance Code or all provisions of 50 Ill. Adm.
Code applicable to policy forms. Each company shall have the right to
request a hearing within that 30 day period. The request shall be made in
writing to the Director. The order of withdrawal shall be stayed and the
company shall be given a hearing under the provisions of Sections 143(1),
401(c), 401.1, 402(2), 426 and 429 of the Illinois Insurance Code [215 ILCS
5/143(1), 401(c), 401.1, 402(2), 426 and 429] and 50 Ill. Adm. Code 2402, as
may be applicable, to determine:
a) whether the policy form shall be disapproved; and
b) whether further orders of the Director may be appropriate.
(Company
Name)
By:
(Signature)
Title:
Date: