reglab/housing_qa huggingface dataset:
215 ILCS 5/513a2
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIA - Premium Finance Regulation

 (from Ch. 73, par. 1065.60a2)Sec. 513a2.     Definitions.(a) "Accepted agreement" means a premium finance  agreement deemed to be accepted by a premium finance company when a binder  number or policy number is provided for each policy premium listed on the  premium finance agreement and premium payment book or when the first  premium payment notice has been sent to the named insured.(b) "Financing insurance premiums" means  to be engaged in the practice of:(1) advancing monies directly or indirectly to an     insurer pursuant to the terms of an acquired premium finance agreement; or(2) allowing 10% or more of a producer's or     registered firm's premium accounts receivable to be more than 90 days past due.(c) "Premium finance agreement" means a  promissory note, loan contract, or agreement by which an insured or  prospective insured promises to pay to another person an amount advanced or  to be advanced thereunder to an insurer in payment of premiums on an  insurance contract together with a service charge and which contains an  assignment of or is otherwise secured by the unearned premium payable by  the insurer upon cancellation of the insurance contract; provided, however,  that a premium finance agreement shall not include an installment sale  contract, lease agreement, security agreement, or mortgage covering  personal or real property that includes a charge for insurance or pursuant  to which the vendor, lessor, lienholder, or mortgagee is authorized to pay  or advance the premium for insurance with respect to that property.(d) "Premium finance company" means any person  engaged in the business of financing insurance premiums, of entering into  premium finance agreements with insureds, or of acquiring premium finance  agreements.    (Source: P.A. 90-655, eff. 7-30-98.)
215 ILCS 5/513a3
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIA - Premium Finance Regulation

 (from Ch. 73, par. 1065.60a3)Sec. 513a3.     License required.(a) No person may act as a premium finance company or hold himself out  to be engaged in the business of financing insurance premiums, either  directly or indirectly, without first having obtained a license as a  premium finance company from the Director.(b) An insurance producer shall be deemed to be engaged in the  business of financing insurance premiums if 10% or more of the producer's total  premium accounts receivable are more than 90 days past due.(c) In addition to any other penalty set forth in this Article, any  person violating subsection (a) of this Section may, after hearing as set  forth in Article XXIV of this Code, be required to pay a civil penalty of  not more than $2,000 for each offense.(d) In addition to any other penalty set forth in this Article, any  person violating subsection (a) of this Section is guilty of a Class A  misdemeanor.  Any individual violating subsection (a) of this Section, and  misappropriating or converting any monies collected in conjunction with the  violation, is guilty of a Class 4 felony.    (Source: P.A. 93-32, eff. 7-1-03.)
215 ILCS 5/513a4
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIA - Premium Finance Regulation

 (from Ch. 73, par. 1065.60a4)Sec. 513a4.     Application and license.(a) Each application for a premium finance license shall be made on a  form specified by the Director and shall be signed by the applicant  declaring under penalty of refusal, suspension, or revocation of the  license that the statements made in the application are true, correct, and  complete to the best of the applicant's knowledge and belief.  The Director  shall cause to be issued a license to each applicant that has demonstrated  to the Director that the applicant:(1) is competent and trustworthy and of a good     business reputation;(2) has a minimum net worth of $50,000; and(3) has paid the fees required by this Article.(b) Each applicant at the time of request for a license or renewal of  a license shall:(1) certify that no charge for financing premiums     shall exceed the rates permitted by this Article;(2) certify that the premium finance agreement or     other forms being used are in compliance with the requirements of this Article;(3) certify that he or she has a minimum net worth of     $50,000; and(4) attach with the application a non-refundable     annual fee of $400.(c) An applicant who has met the requirements of subsection (a) and  subsection (b) shall be issued a premium finance license.(d) Each premium finance license shall remain in effect as long as the  holder of the license annually continues to meet the requirements of  subsections (a) and (b) by the due date unless the license is revoked or  suspended by the Director.(e) The individual holder of a premium finance license shall inform the  Director in writing of a change in residence address within 30 days of the  change, and a corporation, partnership, or association holder of a premium  finance license shall inform the Director in writing of a change in  business address within 30 days of the change.(f) Every partnership or corporation holding a license as a premium  finance company shall appoint one or more partners or officers to be  responsible for the firm's compliance with the Illinois Insurance Code and  applicable rules and regulations.  Any change in the appointed person or  persons shall be reported to the Director in writing within 30 days of the  change.    (Source: P.A. 93-32, eff. 7-1-03.)
215 ILCS 5/513a5
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIA - Premium Finance Regulation

 (from Ch. 73, par. 1065.60a5)Sec. 513a5. Insurance Producer Administration Fund. All fees and  penalties paid to and collected by the Director under this Article shall be  paid promptly after receipt, together with a detailed statement of the  fees, into the Insurance Producer Administration Fund.  (Source: P.A. 98-463, eff. 8-16-13.)
215 ILCS 5/513a6
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIA - Premium Finance Regulation

 (from Ch. 73, par. 1065.60a6)Sec. 513a6.     Felony convictions.     Any person or authorized member of a  partnership or corporation who, while licensed as a premium finance  company, is convicted of a felony shall report the conviction to the  Director within 30 days of the entry date of the judgement.  Within that 30  day period, the person shall also provide the Director with a copy of the  judgement, the probation or commitment order, and any other relevant document.    (Source: P.A. 87-811.)
215 ILCS 5/513a8
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIA - Premium Finance Regulation

 (from Ch. 73, par. 1065.60a8)Sec. 513a8.     Examinations.(a) The Director may examine any applicant for or holder of a premium  finance license.(b) All persons being examined, as well as their officers and directors,  shall provide to the Director convenient and free access, at all reasonable  hours at their offices, to all books, records, documents, and other papers  relating to the person's insurance and premium financing business affairs.  The licensee or its officers, directors, and employees shall facilitate and  aid the Director in the examinations as much as it is in their power to do so.(c) The Director may designate an examiner or examiners to conduct any  examination under this Section. The Director or his designee may administer  oaths and examine under oath any individual relative to the business of the  person being examined.(d) The examiners designated by the Director under this Section may make  reports to the Director. Any report alleging substantive violations of this  Code or the rules and regulations thereunder shall be in writing and be  based upon facts obtained by the examiners. The report of examination shall  be verified by the examiners.(e) If a report is made, the Director shall either deliver a duplicate  thereof to the licensee being examined or send the duplicate by certified  or registered mail to the licensee's address of record. The Director shall  afford the licensee an opportunity to request a hearing with reference to  the facts and other evidence contained in the report. The licensee may  request a hearing within 14 calendar days after he receives the duplicate  of the examination report by giving the Director written notice of that  request, together with written statement of the licensee's objection to the  report. The Director shall, if requested to do so, conduct a hearing in  accordance with Sections 402 and 403. The Director shall issue a written  order based upon the examination report within 90 days after the report is  filed or within 90 days after the hearing, if a hearing is held. If the  report is refused or otherwise undeliverable or a hearing is not requested  in a timely fashion, the right to a hearing is waived. After the hearing or  the expiration of the time period in which a licensee may request a  hearing, if the examination reveals that the licensee is operating in  violation of any law, this Code or rules and regulations promulgated  thereunder, or prior order, the Director in the written order may require  the licensee to take any action the Director considers necessary or  appropriate in accordance with the report or examination hearing.  The  order is subject to review under the Administrative Review Law.(f) Any licensee who violates or aids and abets any violation of a  written order issued under this Section shall be guilty of a business  offense, and his license may be revoked or suspended under Section 513a7,  and he may be fined not less than $501 nor more than $5,000.    (Source: P.A. 87-811.)
215 ILCS 5/513a9
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIA - Premium Finance Regulation

 (from Ch. 73, par. 1065.60a9)Sec. 513a9.     Premium finance agreement.(a) A premium finance  agreement must be dated and signed by or on behalf of the named  insured, and the printed  portion shall be in at least 8-point type.  The following items must be set  forth on the first page of the accepted finance agreement:(1) the total amount of the premiums;(2) the amount of the down payment;(3) the principal balance (the difference between     items (1) and (2));(4) the amount of the finance charges expressed in     dollars and as an annual percentage rate;(5) the balance payable by the insured (sum of items     (3) and (4));(6) the number of installments, the due dates     thereof, and the amount of each installment expressed in dollars; and(7) the policy numbers or binder numbers.(b) The premium finance company is required to  furnish full and complete  disclosure of the terms and conditions of the premium finance  agreement including, but not limited to, the specific insurance coverages  financed to the named insured no later than the date that the first  premium payment notice is sent to the insured.(c) As to policies written primarily for personal, family, or household  use, the premium finance company must:(1) deliver or mail the premium check or checks in     the amount of the principal balance directly to the insurer or insurers unless the insurer or insurers have given written authority to the premium finance company to deliver the checks to the producer;(2) issue the premium check or checks payable to the     insurer, insurers, or, if the insurer gives written authority to the premium finance company, to the producer; and(3) properly identify the premium check or checks by     policy number or binder number when the premium is paid to the insurer or insurers.(d) As to all other policies the premium finance company may:(1) deliver or mail the premium check or checks in     the amount of the principal balance directly to the producer; and(2) issue the premium check or checks payable to the     producer.(e) A premium finance company that pays the financed premium to the  producer pursuant to subsection (d) establishes the producer as the agent of  the premium finance company for payment of the premium and for receipt of any  return premium.    (Source: P.A. 89-265, eff. 1-1-96; 90-381, eff. 8-14-97.)
215 ILCS 5/513a10
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIA - Premium Finance Regulation

 (from Ch. 73, par. 1065.60a10)Sec. 513a10.     Maximum service charge.(a) No service charge shall be made for financing premiums other than as  permitted by this Article.(b) The service charge is to be computed on the principal balance from  the effective date of the insurance coverage for which the premiums are  being advanced to and including the date when the final installment of the  premium finance agreement is payable.(c) The service charge shall be a maximum of $10 per $100 per year plus  an allowable charge as follows:      Allowable Charge Amount of Principal   Per Finance Agreement Balance   $20 $0 to $499   $30 $500 to $999   $40 $1000 or more  (d) The service charge or any other charge made by the licensee does not  have to be refunded upon cancellation or prepayment.  The allowable charge  is considered to be part of the service charge.(e) A premium finance agreement may provide for a delinquency charge of  not less than $1 nor more than 5% of any installment in default for more  than 5 days.(f) Any other charges shall be disclosed in the premium finance agreement.    (Source: P.A. 87-811.)
215 ILCS 5/513a11
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIA - Premium Finance Regulation

 (from Ch. 73, par. 1065.60a11)Sec. 513a11. Cancellation requirements upon default.(a) When a premium finance agreement contains a power of attorney  enabling the premium finance company to cancel any insurance contract or  contracts listed in the premium finance agreement, the insurance contract  or contracts shall not be cancelled by the premium finance company unless  the request for cancellation is effectuated under this Section.(b) Not less than 10 days written notice shall be mailed to the named  insured of the intent of the premium finance company to cancel the  insurance contract unless the default is cured within the 10 day period.(c) After expiration of the 10 day period, the premium finance company  may request, in the name of the named insured, cancellation of the insurance  contract or contracts by mailing or hand delivering to the insurer a  request for cancellation, and the insurance contract shall be cancelled as  if the request for cancellation had been submitted by the named insured,  but without requiring the return of the insurance contract or contracts.  The premium finance company shall also mail a copy of the request for  cancellation to the named insured at his last known address.(d) All statutory, regulatory, and contractual restrictions providing  that the insurance contract may not be cancelled unless notice is given to  a governmental agency, mortgagee, or other third party shall apply where  cancellation is effected under provisions of this Section. The insurer  shall give the notice to any governmental agency, mortgagee, or other  third party on or before the fifth business day after it receives the  notice of cancellation from the premium finance company. For purposes of this Section, any governmental agency, mortgagee, or other third party may opt to receive notices electronically.(e) In the event that the collection of return premiums for the account of  the named insured results in a surplus over the amount due from the named  insured, the premium finance company shall refund the excess to the named  insured; however, no refund is required if it amounts to less than $5.(f) All cancellation provisions required of the premium finance company  and insurer are applicable to any policy to which Section 143.11 applies.       (Source: P.A. 93-713, eff. 1-1-05.)
215 ILCS 5/513a12
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIA - Premium Finance Regulation

 (from Ch. 73, par. 1065.60a12)Sec. 513a12.     Books and records.(a) Until payment in full and 3 years thereafter every licensee shall  maintain each premium finance agreement or duplicate originals thereof and  all original documents relating thereto (except those papers returned to  the insured) so as to be readily available for examination by the Director.(b) Every licensee shall maintain a register, ledger, or combination of  records for each premium finance agreement that can readily show:(1) the date of acquisition;(2) the name of the insured;(3) the identifying number;(4) the principal balance;(5) the amount of all charges assessed;(6) the balance; and(7) a distribution of proceeds showing the dates,     amounts, and names of the persons to whom any part of the proceeds were distributed.   (Source: P.A. 87-811.)
215 ILCS 5/Art. XXXIIB heading
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIB - Pharmacy Benefit Managers

 ARTICLE XXXIIB.  PHARMACY BENEFIT MANAGERS  (Source: P.A. 101-452, eff. 1-1-20.)
215 ILCS 5/513b2
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIB - Pharmacy Benefit Managers

Sec. 513b2. Licensure requirements.(a) Beginning on July 1, 2020, to conduct business in this State, a pharmacy benefit manager must register with the Director.  To initially register or renew a registration, a pharmacy benefit manager shall submit:(1) A nonrefundable fee not to exceed $500.(2) A copy of the registrant's corporate charter,     articles of incorporation, or other charter document.(3) A completed registration form adopted by the     Director containing:(A) The name and address of the registrant.(B) The name, address, and official position of         each officer and director of the registrant.(b) The registrant shall report any change in information required under this Section to the Director in writing within 60 days after the change occurs.(c) Upon receipt of a completed registration form, the required documents, and the registration fee, the Director shall issue a registration certificate. The certificate may be in paper or electronic form, and shall clearly indicate the expiration date of the registration. Registration certificates are nontransferable.(d) A registration certificate is valid for 2 years after its date of issue. The Director shall adopt by rule an initial registration fee not to exceed $500 and a registration renewal fee not to exceed $500, both of which shall be nonrefundable. Total fees may not exceed the cost of administering this Section.(e) The Department  shall adopt any rules necessary to implement this Section.   (Source: P.A. 101-452, eff. 1-1-20.)
215 ILCS 5/513b3
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIB - Pharmacy Benefit Managers

Sec. 513b3. Examination.(a)  The Director, or his or her designee, may examine a registered pharmacy benefit manager.(b)  Any pharmacy benefit manager being examined shall provide to the Director, or his or her designee, convenient and free access to all books, records, documents, and other papers relating to such pharmacy benefit manager's business affairs at all reasonable hours at its offices.(c)  The Director, or his or her designee, may administer oaths and thereafter examine the pharmacy benefit manager's designee, representative, or any officer or senior manager as listed on the license or registration certificate about the business of the pharmacy benefit manager.(d)  The examiners designated by the Director under this Section may make reports to the Director. Any report alleging substantive violations of this Article, any applicable provisions of this Code, or any applicable Part of Title 50 of the Illinois Administrative Code shall be in writing and be based upon facts obtained by the examiners. The report shall be verified by the examiners.(e)  If a report is made, the Director shall either deliver a duplicate report to the pharmacy benefit manager being examined or send such duplicate by certified or registered mail to the pharmacy benefit manager's address specified in the records of the Department. The Director shall afford the pharmacy benefit manager an opportunity to request a hearing to object to the report. The pharmacy benefit manager may request a hearing within 30 days after receipt of the duplicate report by giving the Director written notice of such request together with written objections to the report. Any hearing shall be conducted in accordance with Sections 402 and 403 of this Code. The right to a hearing is waived if the delivery of the report is refused or the report is otherwise undeliverable or the pharmacy benefit manager does not timely request a hearing. After the hearing or upon expiration of the time period during which a pharmacy benefit manager may request a hearing, if the examination reveals that the pharmacy benefit manager is operating in violation of any applicable provision of this Code, any applicable Part of Title 50 of the Illinois Administrative Code, a provision of this Article, or prior order, the Director, in the written order, may require the pharmacy benefit manager to take any action the Director considers necessary or appropriate in accordance with the report or examination hearing. If the Director issues an order, it shall be issued within 90 days after the report is filed, or if there is a hearing, within 90 days after the conclusion of the hearing. The order is subject to review under the Administrative Review Law.  (Source: P.A. 101-452, eff. 1-1-20.)
215 ILCS 5/513b4
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXIIB - Pharmacy Benefit Managers

Sec. 513b4. Denial, revocation, or suspension of registration; administrative fines.(a) Denial of an application or suspension or revocation of a registration in accordance with  this Section shall be by written order sent to the applicant or registrant by certified or registered mail at the address specified in the records of the Department.  The written order shall state the grounds, charges, or conduct on which denial, suspension, or revocation is based.  The applicant or registrant may in writing request a hearing within 30 days from the date of mailing.  Upon receipt of a written request, the Director shall issue an order setting: (i) a specific time for the hearing, which may not be less than 20 nor more than 30 days after receipt of the request; and (ii) a specific place for the hearing, which may be in either the city of Springfield or in the county in Illinois where the applicant's or registrant's principal place of business is located.  If no written request is received by the Director, such order shall be final upon the expiration of said 30 days.(b) If the Director finds that one or more grounds exist for the revocation or suspension of a registration issued under this Article, the Director may, in lieu of or in addition to such suspension or revocation, impose a fine upon the pharmacy benefit manager as provided under subsection (c).(c) With respect to any knowing and willful violation of a lawful order of the Director, any applicable portion of this Code, Part of Title 50 of the Illinois Administrative Code, or provision of this Article, the Director may impose a fine upon the pharmacy benefit manager in an amount not to exceed $50,000 for each violation.  (Source: P.A. 101-452, eff. 1-1-20.)