Ill. Admin. Code tit. 74 § 760.810

Current through Register Vol. 48, No. 24, June 14, 2024
Section 760.810 - Bankruptcy

If, at any time before or during the course of an examination, the person subject to examination files for bankruptcy, that person shall give notice of the filing to the auditor. The auditor shall, within 7 calendar days after receiving notice or the discovery of the event, notify the administrator of the bankruptcy filing. If the administrator so elects, the auditor shall assist the administrator to ensure that a proper proof of claim is timely filed in the bankruptcy action.

Ill. Admin. Code tit. 74, § 760.810

Adopted at 43 Ill. Reg. 4253, effective 3/25/2019.