(215 ILCS 93/20)
Sec. 20. Establishment of Class of Business.
(a) A small employer carrier may establish a separate class of business only to reflect substantial differences in expected claims experience or administrative costs related to the following reasons:
(1) the small employer carrier uses more than one
type of system for the marketing and sale of health benefit plans to small employers;
(2) the small employer carrier has acquired a class
of business from another small employer carrier; or
(3) the small employer carrier provides coverage to
one or more association groups.
(b) A small employer carrier may establish up to 4 separate classes of business under subsection (a).
(c) The Director may approve the establishment of additional classes of business upon application to the Director and a finding by the Director that such action would enhance the efficiency and fairness of the small employer marketplace.
(Source: P.A. 91-510, eff. 1-1-00.)
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Last modified: February 18, 2015