Ill. Admin. Code tit. 92 § 1425.140

Current through Register Vol. 48, No. 45, November 8, 2024

Section 1425.140 - Revocation of Authorization to be a Self-Insurer

a) Whenever, after inspection of reports filed pursuant to Section 1425.130, the Commission finds that a carrier no longer meets the minimum requirements of Section 1425.120 for self-insurance, the Commission shall institute a proceeding pursuant to 83 Ill. Adm. Code 200 to suspend or revoke the carrier's authorization to be a self-insurer.

b) If a carrier fails to file the reports required by Section 1425.130, the Commission shall institute a proceeding pursuant to 83 Ill. Adm. Code 200 to suspend or revoke the carrier's authorization to be a self-insurer.

c) Based upon the accident information supplied in the reports filed pursuant to Section 1425.130, the Commission may institute a proceeding pursuant to 83 Ill. Adm. Code 200 to suspend or revoke a carrier's authorization to be a self-insurer.

Ill. Admin. Code tit. 92, § 1425.140