Illinois Compiled Statutes 215 Insurance: Article XXXI 1/4 - Third Party Administrators

• Illinois Insurance Code. - 215 ILCS 5, Section 511.100
  Purpose. The purpose of this Article is to recognize and provide reasonable public supervision and licensing of persons who provide administrative services in connection...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.101
  Definitions. For the purpose of this Article: (a) "Administrator" means any person who on behalf of a plan sponsor or insurer receives or collects...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.102
  License Required. (a) No person may act as or hold himself out to be an administrator after July 1, 1986 unless duly licensed in...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.103
  Application. The applicant for a license shall file with the Director an application upon a form prescribed by the Director, which shall include or...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.104
  Bond Requirements for Administrators. (a) Every applicant for an administrator's license shall file with the application and shall thereafter maintain in force while so...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.105
  License. (a) The Director shall cause a license to be issued to each applicant that has demonstrated to the Director's satisfaction compliance with the...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.106
  Administrator Requirements. (a) Each administrator shall identify to the Director any ownership interest or affiliation of any kind with any plan sponsor or insurer...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.107
  License Suspension, Revocation or Denial. (a) Any license issued under this Article may be suspended or revoked, after notice to the licensee and an...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.108
  Felony Convictions. Any administrator and any individual listed on the application as required by Section 511.103, who is convicted of a felony shall report such...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.109
  Examination. (a) The Director or his designee may examine any applicant for or holder of an administrator's license. (b) Any administrator being examined shall...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.110
  Administrative Fine. (a) If the Director finds that one or more grounds exist for the revocation or suspension of a license issued under this...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.111
  Insurance Producer Administration Fund. All fees and fines paid to and collected by the Director under this Article shall be paid promptly after receipt thereof,...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.112
  Fiduciary Accounts and Duties. (a) Administrators shall hold in a fiduciary capacity all contributions and premiums received or collected on behalf of a plan...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.113
  Unauthorized Activities. Nothing in this Article shall be construed to permit any person or entity to receive, or collect charges, contributions or premiums for,...
• Illinois Insurance Code. - 215 ILCS 5, Section 511.114
  Drug formulary; notice. All administrators must comply with Section 155.37 of this Code. (Source: P.A. 92-440, eff. 8-17-01.)
• Illinois Insurance Code. - 215 ILCS 5, Section 511.118
  Managed Care Reform and Patient Rights Act. All administrators are subject to the provisions of Sections 55 and 85 of the Managed Care Reform...

Last modified: February 18, 2015