The Director may disapprove rates or formula base for rates for specific reason and must do so within 45 days of receipt of supporting information or rates will be deemed approved.
215 ILCS 165/12
All rates or formula base for experience rate subscriber contracts shall be submitted to the Director prior to use
Known as the Voluntary Health Services Plans Act
The act spans §§ 215-165-1 to 215-165-9 (51 sections).
P.A. 81-1203.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.