reglab/statecodes huggingface dataset:
Illinois Administrative Code › Title 50 - INSURANCE › Part 4003 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 4003.60 - Examples of Methods of Development and Implementation

Current through Register Vol. 48, No. 28, July 12, 2024
The actions and procedures described in Sections
				4003.70 through
				4003.100 of
				this Part are examples of methods of implementation of the requirements of
				Sections
				4003.40
				and
				4003.50
				of this Part. These examples are non-exclusive illustrations of actions and
				procedures that licensees may follow to implement Sections
				4003.40
				and 4003.50.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4003 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 4003.70 - Assess Risk

Current through Register Vol. 48, No. 28, July 12, 2024
The licensee:
a)
			 Identifies reasonably foreseeable internal or external threats that could
			 result in unauthorized disclosure, misuse, alteration or destruction of
			 customer information or customer information systems;
b) Assesses the likelihood and potential
			 damage of these threats, taking into consideration the sensitivity of customer
			 information; and
c) Assesses the
			 sufficiency of policies, procedures, customer information systems and other
			 safeguards in place to control risks.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4003 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 4003.80 - Manage and Control Risk

Current through Register Vol. 48, No. 28, July 12, 2024
The licensee:
a)
			 Designs its information security program to control the identified risks,
			 commensurate with the sensitivity of the information, as well as the complexity
			 and scope of the licensee's activities;
b) Trains staff, as appropriate, to implement
			 the licensee''s information security program; and
c) Regularly tests or otherwise regularly
			 monitors the key controls, systems and procedures of the information security
			 program. The frequency and nature of these tests or other monitoring practices
			 are determined by the licensee's risk assessment.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4003 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 4003.90 - Oversee Service Provider Arrangements

Current through Register Vol. 48, No. 28, July 12, 2024
The licensee:
a)
			 Exercises appropriate due diligence in selecting its service providers;
			 and
b) Requires its service
			 providers to implement appropriate measures designed to meet the objectives of
			 this Part, and, where indicated by the licensee's risk assessment, takes
			 appropriate steps to confirm that its service providers have satisfied these
			 obligations.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4003 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 4003.100 - Adjust the Program

Current through Register Vol. 48, No. 28, July 12, 2024
The licensee monitors, evaluates and adjusts, as appropriate,
				the information security program in light of any relevant changes in
				technology, the sensitivity of its customer information, internal or external
				threats to information, and the licensee's own changing business arrangements,
				such as mergers and acquisitions, alliances and joint ventures, outsourcing
				arrangements and changes to customer information systems.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4003 - STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION › Section 4003.110 - Penalties

Current through Register Vol. 48, No. 28, July 12, 2024
Failure to meet the requirements of this Part shall subject the
				licensee to penalty provisions of Section 403A of the Illinois Insurance Code
				[215
				ILCS 5/403A ].
Illinois Administrative Code › Title 50 - INSURANCE › Part 4201 - INSURANCE COST CONTAINMENT ANNUAL FEE › Section 4201.10 - Purpose and Scope

Current through Register Vol. 48, No. 28, July 12, 2024
The purpose of this Part is to implement Article XLII of
				Illinois Insurance Code by establishing a schedule of reasonable fees to cover
				the total cost of the Department incident to, or associated with, the
				administration and enforcement of this Article, including the collection,
				analysis and distribution of insurance cost data, the conversion of hard copy
				reports to diskette and the compilation and analysis of basic
				reports.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4201 - INSURANCE COST CONTAINMENT ANNUAL FEE › Section 4201.20 - Annual Fee

Current through Register Vol. 48, No. 28, July 12, 2024
a) Each insurance
			 company licensed to write property and casualty insurance business in this
			 State shall, on or before June 1 of each year, pay to the Director of Insurance
			 an annual fee in accordance with the following schedule of Illinois premium:
PREMIUM VOLUME
FEE
Premium equal to $0 of less than $1 million
$ 288
Premium equal to or greater than $1 million but less
						  than $5 million
$ 1150
Premium equal to or greater than $5 million but less
						  than $25 million
$ 5750
Premium equal to or greater than $25 million but less
						  than $50 million
$ 8625
Premium equal to or greater than $50 million
$11,500
b) The
			 premium volume to be used in determining a company's annual fee shall be the
			 sum of the company's previous year's direct written premium as set forth on
			 lines 5.2, 11, 17, 18, 19.1, 19.2, 19.3, 19.4, 21.1 and 21.2 of the Exhibit of
			 Premiums and Losses of the company's Illinois Annual Statement filed with the
			 Department pursuant to Section 136 of the Illinois Insurance Code
			 [215 ILCS 5/136
			 ].
c) The Department shall notify
			 by mail each company licensed to write property and casualty insurance business
			 in this State of the amount of its annual fee calculated pursuant to subsection
			 (b) of this Section.
d) All annual
			 fees payable pursuant to this Part shall be due on or before June 1 for the
			 preceding calendar year. Such annual fee shall be made payable to the Director
			 of Insurance/SSRF.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4203 - INSURANCE DATA REPORTING REQUIREMENTS › Subpart A - COST CONTAINMENT REPORTING › Section 4203.10 - Applicability

Current through Register Vol. 48, No. 28, July 12, 2024
This Part applies to each company licensed to write property
				  or casualty insurance in this State pursuant to Section 4, Class 2 (a)-(l) and
				  Class 3 (a)-(i) of the Illinois Insurance Code (Code) [ 215 ILCS 5 ]. These
				  procedures apply to all direct property and liability business written by
				  insurers licensed by the State of Illinois. The data filings are not to include
				  premiums received from, or losses paid to, other insurers because of the
				  reinsurance assumed by the reporting insurers; nor shall any deductions be made
				  by the reporting insurers for premiums ceded to, or for losses recovered from,
				  other insurers because of the reinsurance ceded.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4203 - INSURANCE DATA REPORTING REQUIREMENTS › Subpart A - COST CONTAINMENT REPORTING › Section 4203.20 - Purpose and Scope

Current through Register Vol. 48, No. 28, July 12, 2024
The purpose of this Part is to establish content, form and
				  data reporting requirements for information required to be reported to the
				  Director of the Illinois Department of Insurance (Director) pursuant to Section
				  1204(A) through (D) of the Code. This Part also provides for the collection of
				  data required to implement Article XXXIII of the Code. In addition, this Part
				  establishes the medium for this information to be transmitted to the
				  Director.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4203 - INSURANCE DATA REPORTING REQUIREMENTS › Subpart A - COST CONTAINMENT REPORTING › Section 4203.30 - Data Collection Procedures

Current through Register Vol. 48, No. 28, July 12, 2024
a) Scope of Procedure
Each insurer shall report its business written separately for
				  Illinois and multi-state (including Illinois) for each line, subline, or class,
				  or endorsement specified by this Part. Where zip code reporting is required,
				  each line, subline, class or endorsement shall be reported separately for each
				  zip code. Only data for the voluntary market will be reported.
b) Methods of Compiling Annual Experience
All data contained in this data call shall be submitted on a
				  calendar year basis. For the calendar year experience method, the insurer or
				  agent will report evaluations as of December 31. Data will be reported for the
				  current year minus one year. (For example, the 2017 report will contain data
				  for 2016, evaluated as of December 31, 2016, the latest complete, calendar year
				  experience year.)
c)
				Experience Method By Line
In reporting the required data, please note the following
				  clarifications:
1) The "Other
				Liability" line includes classes from liquor liability, day care centers, and
				lawyers professional liability, and excess/umbrella coverage.
2) Data from Beach Plans and Assigned Risk
				Plans will not be reported. (The Illinois FAIR Plan Association will submit
				Illinois-only data for homeowners.) Insurers will not report any FAIR Plan
				data.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4203 - INSURANCE DATA REPORTING REQUIREMENTS › Subpart A - COST CONTAINMENT REPORTING › Section 4203.40 - General Submission Guidelines

Current through Register Vol. 48, No. 28, July 12, 2024
a) Guidelines for Data Submission and
				Collection
Data must be submitted electronically to the Illinois
				  Department of Insurance no later than November 30 of each
				  year.
b) Penalties
Failure to comply with any of these specifications may
				  subject the insurer to those penalties described in Section 1204 of the
				  Code.
c) Leading Zeros
Since fields are not fixed-length, leading zeros and spaces
				  should be omitted.
d)
				Negative Numbers
Negative numbers will be submitted as a dash before the
				  number (without a space between the negative and number). For example a
				  negative one hundred dollar premium would be coded -100.
e) Data Reported by Illinois and Multi-State
All required data will be reported in the aggregate
				  for:
1) Illinois only; and
2) multi-state, including Illinois.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4203 - INSURANCE DATA REPORTING REQUIREMENTS › Subpart A - COST CONTAINMENT REPORTING › Section 4203.60 - Line Item Matrix For Cost Containment Reporting

Current through Register Vol. 48, No. 28, July 12, 2024
Revised Field #
Other Liability, Medical Malpractice, Earthquake
							 (REQ), BOP, Excess Insurance & Commercial Auto
Homeowners & Residential Fire
Private Passenger Auto Liability
Private Passenger Physical Damage
1
FEIN
FEIN
FEIN
FEIN
2
Filing Method
Filing Method
Filing Method
Filing Method
3
Line of Business
Line of Business
Line of Business
Line of Business
4
State ID
State ID
State ID
State ID
5
Class Code
Class Code
Class Code
Class Code
6
Statistical Year
Statistical Year
Statistical Year
Statistical Year
7
Not used
Zip Code
Zip Code
Zip Code
8
Form Type
Not used
BI Written Premium
Comp Written Premium
9
Written Premium
Written Premium
BI Earned Premium
Comp Earned Premium
10
Earned Premium
Earned Premium
BI Paid Loss
Comp Paid Loss
11
Paid Losses
Paid Losses
BI OS Loss
Comp OS Loss
12
Outstanding Losses
Outstanding Losses
BI PD ALAE
# Comp Wr. Exposure
13
Paid ALAE
Written Exposures
BI OS ALAE
# Comp Paid Claims
14
OS ALAE
# Paid Claims
# BI Written Exposure
# Comp OS Claims
15
Written Exposures
# OS Claims
#BI Paid Claims
Collision Wr. Premium
16
# Paid Claims
#BI OS Claims
Collision Er. Premium
17
# OS Claims
PD Written Premium
Collision Paid Loss
18
PD Earned Premium
Collision OS Loss
19
PD Paid Loss
# Collision Paid Claims
20
PD OS Loss
# Collision OS Claims
21
PD Paid ALAE
Other Written Premium
22
PD OS ALAE
Other Earned Premium
23
# PD Paid Claims
Other Paid Loss
24
#PD OS Claims
Other OS Loss
25
UM/UIM Written Prem
# Other Paid Claims
26
UM/UIM Earned Prem
# Other OS Claims
27
UM/UIM Paid Loss
28
UM/UIM OS Loss
29
UM/UIM Paid ALAE
30
UM/UIM OS ALAE
31
# UM/UIM Paid Claims
32
# UM/UIM OS Claims
33
Med Pay Written Prem
34
Med Pay Earned Prem
35
Med Pay Paid Loss
36
Med Pay OS Loss
37
Med Pay Paid ALAE
38
Med Pay OS ALAE
39
# Med Pay Paid Claims
40
# Med Pay OS Claims
41
Other Written Prem
42
Other Earned Prem
43
Other Paid Loss
44
Other OS Loss
45
Other Paid ALAE
46
Other OS ALAE
47
# Other Paid Claims
48
# Other OS Claims
49
# SL Written Exposures
50
SL Written Prem
51
SL Earned Prem
52
BI SL Paid Loss
53
BI SL OS Loss
54
BI SL Paid ALAE
55
BI SL OS ALAE
56
# BI SL Paid Claims
57
# BI SL OS Claims
58
PD SL Paid Loss
59
PD SL OS Loss
60
PD SL Paid ALAE
61
PD SL OS ALAE
62
# PD SL Paid Claims
63
# PD SL OS Claims
Illinois Administrative Code › Title 50 - INSURANCE › Part 4203 - INSURANCE DATA REPORTING REQUIREMENTS › Subpart A - COST CONTAINMENT REPORTING › Section 4203.110 - Record Layout for the Four Formats

Current through Register Vol. 48, No. 28, July 12, 2024
Due to space limitations, the following abbreviations were
				  used in this table:
Wr Prem
=
Written Premium
OS
=
Outstanding
BI
=
Bodily Injury
Med Pay
=
Medical Payments
SL
=
Single Limit
E Prem
=
Earned Premium
ALAE
=
Allocated Loss Adjustment Expenses
PD
=
Property Damage
UM/UIM
=
Uninsured/Underinsured Motorists
Comp
=
Comprehensive
Coll
=
Collision, Other Liab, Medical
PIP
=
Personal Injury Protection
Illinois Administrative Code › Title 50 - INSURANCE › Part 4203 - INSURANCE DATA REPORTING REQUIREMENTS › Subpart B - MEDICAL MALPRACTICE REPORTING › Section 4203.200 - Applicability

Current through Register Vol. 48, No. 28, July 12, 2024
This Part applies to each company licensed to write medical
				  malpractice insurance in this State pursuant to Section 4, Class 2(c) of the
				  Code.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4203 - INSURANCE DATA REPORTING REQUIREMENTS › Subpart B - MEDICAL MALPRACTICE REPORTING › Section 4203.210 - Purpose and Scope

Current through Register Vol. 48, No. 28, July 12, 2024
The purpose of this Part is to establish content, form and
				  data reporting requirements for information required to be reported to the
				  Director of Insurance pursuant to Section 1204 of the Code.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4203 - INSURANCE DATA REPORTING REQUIREMENTS › Subpart B - MEDICAL MALPRACTICE REPORTING › Section 4203.220 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
Code means the Illinois Insurance Code [215 ILCS 5 ].
Department means the Illinois Department of Insurance.
Director means the Director of the Illinois Department of
				  Insurance.
Insurance Claim means a formal or written demand for
				  compensation under a medical malpractice liability insurance policy relating to
				  allegations of liability on the part of one or more providers for any act,
				  error or omission in the rendering of, or failure to render, medical services
				  for medically related injuries. Insurance claim includes any instance for which
				  benefits or compensation are payable, or eligible to be paid under any coverage
				  under the policy.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4203 - INSURANCE DATA REPORTING REQUIREMENTS › Subpart B - MEDICAL MALPRACTICE REPORTING › Section 4203.230 - Reports

Current through Register Vol. 48, No. 28, July 12, 2024
All reports shall be completed, validated and filed in an
				  electronic format in accordance with Appendix A no later than April 1 of each
				  year.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4401 - EXAMINATION AND AUDIT PROCEDURE › Section 4401.20 - Applicability

Current through Register Vol. 48, No. 28, July 12, 2024
This Part shall apply to all pension funds established under
				the Illinois Pension Code and maintained for the benefit of employees and
				officers of governmental units in the State of Illinois [40 ILCS
				5/1A-104 ].
Illinois Administrative Code › Title 50 - INSURANCE › Part 4401 - EXAMINATION AND AUDIT PROCEDURE › Section 4401.25 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
Accountant means an independent certified public accountant or
				independent accounting firm in good standing with the American Institute of
				CPA's and all states in which the accountant is licensed to practice.
Department means the Department of Insurance of the State of
				Illinois [40 ILCS 5/1A-102 ]
				(see P.A. 90-507, effective August 22, 1997).
Division means the Public Pension Division of the Department of
				Insurance [40 ILCS 5/1A-102] (see P.A. 90-507, effective August 22,
				1997).
Illinois Administrative Code › Title 50 - INSURANCE › Part 4401 - EXAMINATION AND AUDIT PROCEDURE › Section 4401.30 - Pre-Audit and Examination Procedures

Current through Register Vol. 48, No. 28, July 12, 2024
a) Pursuant to Section 1A-104 of the Illinois
			 Pension Code [40 ILCS
			 5/1A-104 ], each pension fund or retirement system
			 under the Illinois Pension Code shall be subject to periodic examinations or
			 audits on behalf of the Illinois Department of Insurance.
b) Notification of an impending examination
			 or audit will be given through the issuance of a "Warrant of Examiners." This
			 Warrant of Examiners shall state the name of the pension fund or retirement
			 system which will be examined, and will identify the examiner appointed to
			 perform the examination or audit.
c) The Warrant of Examiners may also be
			 accompanied by a letter, which shall set a tentative date for a review of the
			 books and other documentation, as well as a request for materials which are to
			 be sent by the pension fund or retirement system to the attention of the
			 examiner within 14 days after receipt of said letter. In preparing for the
			 examination or audit, the Division's examiner shall have access to all books,
			 records, files, documents and other relevant materials deemed necessary by the
			 Division to assist in the completion of such examination or audit.
d) All requests for an extension of time in
			 providing the requested documents shall be sent to the examiner listed in the
			 warrant at least 7 business days before the scheduled deadline. One extension
			 of time shall be granted automatically for a period of up to 30 days.
			 Thereafter, requests for extension shall only be granted for good
			 cause.
e) Pursuant to Section
			 1A-104 of the Illinois Pension Code [40 ILCS 5/1A-104], the Division may accept
			 and rely upon a report of audit or examination for any pension fund or
			 retirement system made by a certified public accountant in lieu of making an
			 examination and investigation. Upon receipt of the Warrant of Examiners, a
			 pension fund may file with the Division a certified public accountant
			 examination for its consideration in lieu of conducting the examination. The
			 Division shall notify the pension fund in writing of its intention to conduct
			 or cancel the impending examination. The acceptance of the report of audit or
			 examination does not bar the Division from making a further audit, examination,
			 and investigation if deemed necessary by the Division [40 ILCS
			 5/1A-104 ].
Illinois Administrative Code › Title 50 - INSURANCE › Part 4401 - EXAMINATION AND AUDIT PROCEDURE › Section 4401.40 - Audit and Examination

Current through Register Vol. 48, No. 28, July 12, 2024
a) All
			 audits and examinations, except under special circumstances (such as the need
			 to expeditiously focus on a single issue, that has been brought to the
			 attention of the Division, or an examination of a small fund, where the cost
			 and time used to travel to the site is excessive in comparison to the time
			 spent and information actually obtained), shall be made on site, to insure that
			 all books, documents and other relevant procedures can be made readily
			 available to the examiner. During the audit or examination, the examiner may
			 look at all aspects of the pension fund's or retirement system's business. This
			 includes verification of the existence of administrative rules, policies and
			 procedures, verification of the participants in the fund and all information
			 related to the participants, business affairs and expenditures of the pension
			 board, including pension payments and investment holdings and procedures, the
			 appointment and election of trustees, as well as any other relevant issues or
			 procedures.
b) Desk audits will be
			 performed for each fund, following the timely submission of the annual
			 statement filing. In addition, desk audits may be performed at any time on a
			 pension fund.
c) Situations may
			 arise which require the Division to perform special examinations. These
			 examinations are limited by the Division to specific areas of concern. The
			 authority of the examiner when conducting a special examination shall be the
			 same authority which is granted to the examiner in the performance of a general
			 or full examination or audit.
d)
			 The majority of the audits and examinations will be performed directly by
			 members of the Division. However, in the event that an outside auditor or
			 examiner is hired, such person shall be given all the rights and powers held by
			 an employee of the Division.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4401 - EXAMINATION AND AUDIT PROCEDURE › Section 4401.50 - Post-Audit and Examination Procedures

Current through Register Vol. 48, No. 28, July 12, 2024
a) Following an examination or audit, the
			 examiner may request further information be provided by the pension fund or
			 retirement system. Such information shall be provided within 2 weeks or within
			 the time frame agreed to by the pension fund or retirement system and the
			 Division. At any time, the Division may refer investigatory information to the
			 Illinois Attorney General's Office.
b) Once all relevant information has been
			 received and reviewed, the examiner will prepare a written report detailing the
			 status of the pension fund's or retirement system's compliance with the
			 policies, procedures and laws applicable to it. This report shall be known as
			 the report of examination. A copy of the report of examination will be sent to
			 the secretary of the pension fund or retirement system. The fund will then have
			 30 days after the date of receipt of the report to review it and make any
			 request for a hearing based on the facts contained in the examination
			 report.
c) After 30 days, if no
			 hearing is requested, the examination report shall be officially filed with the
			 Department and the contents shall thereafter be considered public information.
			 At this time an order shall be entered by the Director of Insurance which
			 requires compliance where it is determined that the pension fund or retirement
			 system has violated the policies, procedures and laws of the State of Illinois.
			 In response, action must be taken to comply with the findings of the
			 examination report as detailed in the order or within 15 business days,
			 whichever period is shorter.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4401 - EXAMINATION AND AUDIT PROCEDURE › Section 4401.60 - Audit and Examination Hearings

Current through Register Vol. 48, No. 28, July 12, 2024
a)
			 Hearings requested pursuant to this Part are limited to the accuracy of the
			 facts contained in the report of examination.
b) All requests for a hearing shall be made
			 in writing and delivered to the Pension Division of the Illinois Department of
			 Insurance. Such request shall be received within 30 days after the day that the
			 pension fund or retirement system received the report of examination. Such
			 requests shall identify the specific findings that are in dispute.
c) Once a timely request is received by the
			 Division, the Division will issue a notice of hearing. All hearings will be
			 scheduled to be held no sooner than 20 days, but no later than 30 days, after
			 receipt of the request, and will be held in the offices of the
			 Department.
d) All hearings will be
			 conducted in accordance with Illinois Administrative Hearing Procedures as
			 outlined in 50 Ill. Adm. Code 2402.
e) The Director will issue a written order
			 following the hearing. If the Director's decision finds noncompliance, the
			 procedures of 50 Ill. Adm. Code 4435, Noncompliance Notification and Penalties,
			 will be followed. If the Director's decision finds compliance, the audit and
			 examination report will be rewritten in accordance with the Director's
			 order.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4402 - DEFINITION OF SALARY › Section 4402.10 - Authority

Current through Register Vol. 48, No. 28, July 12, 2024
This Part is promulgated by the Director of Insurance of the
				State of Illinois pursuant to Section 1A-103 of the Illinois Pension Code
				[40 ILCS 5/1A-103
				].
Illinois Administrative Code › Title 50 - INSURANCE › Part 4402 - DEFINITION OF SALARY › Section 4402.20 - Purpose and Scope

Current through Register Vol. 48, No. 28, July 12, 2024
The purpose of this Part is to define the word "salary" as used
				in Section 3-125 and 4-124 of the Illinois Pension Code [40 ILCS 5/3-125 and 4
				-124] as it applies to pension funds formed pursuant to Articles 3 and 4 of the
				Illinois Pension Code.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4402 - DEFINITION OF SALARY › Section 4402.30 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
Class, for purposes of this Part, means a subset of individuals
				in a particular rank (i.e., Patrol versus Administration). Class may also be
				signified by the devotion of compensation for education or other work-related
				achievements.
Fixed, for purposes of this Part, means a payment in a
				predetermined amount which can be determined through an examination of the
				appropriation ordinance, plans or agreements establishing salary.
Rank, for purposes of this Part, means the employee's official
				position, including but not limited to Civil Service Rank, Ranks established by
				the Police or Fire Commission, Detective, Juvenile Officer, Special Instructor,
				Shift Commander, Training Officer, Chief, Emergency Medical Technician
				(E.M.T.), Paramedic, Range Officer, and Mechanic.
Regular, for purposes of this Part, means a scheduled payment.
				The schedule may be annually, quarterly, monthly or any other basis.
Salary, for purposes of this Part, means any fixed compensation
				received by an employee of a municipality that participates in one of the
				pension funds established under Article 3 or 4 of the Illinois Pension Code,
				which has been approved through an appropriations ordinance of the
				municipality. Salary is received regularly and is attached to the rank or class
				to which the firefighter or police officer is assigned.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4402 - DEFINITION OF SALARY › Section 4402.35 - Salary for Pension Purposes

Current through Register Vol. 48, No. 28, July 12, 2024
All salary, as defined in Section
				4402.30 of this Part,
				shall be used in pension computations for purposes of determining the correct
				amount of employee contributions. The following types of pay are considered
				salary, in accordance with the definition in Section 4402.30:
a) Base Pay
The basic salary attached to rank which is specified in the
				bargaining contract, municipal pay plan or any other document which establishes
				salary.
b) Education Pay
Additional compensation for attaining certain levels of
				academic and professional training, such as an associate or bachelor's degree
				or attainment of firefighters certification or firearm certification, or any
				other pay given for designated educational achievement.
c) Holiday Pay
Additional compensation paid regardless of whether the employee
				must work on the holiday, unless there is an option, such as time off in lieu
				of cash compensation.
d)
			 Longevity
Additional pay received after the employee has attained a
				specified number of years of service. This pay may be received with regular
				salary or in one or more lump sum payments during the year. When paid in a lump
				sum, the amount should be prorated to determine the monthly equivalent to
				compute all pension contributions and benefits.
e) Overtime Pay
Compensation for time worked beyond the regular work hours,
				which is already included in the regular salary attached to that rank or
				class.
f) Specialty Rank
Compensation for services performed in positions beyond the
				basic rank, such as detective, juvenile officer, special instructor, shift
				commander, training officer, chief, emergency medical technician, paramedic,
				range officer or mechanic.
g) Temporary Pay
Compensation received for temporarily performing the duties of
				a higher rank or specialty rank. This is to be considered salary only if the
				temporary position has lasted for a continuous period of more than one year.
				After temporary pay has been received for one continuous year of service in
				that position, the amount is considered attached to rank and then becomes
				salary for purposes of pension computation.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4402 - DEFINITION OF SALARY › Section 4402.40 - Non-Salary Compensation

Current through Register Vol. 48, No. 28, July 12, 2024
For purposes of calculating pension contributions and pension
				benefits, the following categories of pay shall not be considered
				compensation:
a) Accumulated Unused
			 Time
Compensation for unused accumulated vacation, sick, or personal
				time earned during employment, regardless of whether the compensation is
				received during employment or after termination.
b) Awards
Compensation for an extraordinary deed or accomplishment, which
				is not recurring in nature.
c) Automobile Allowance
Compensation for the use of the employee's personal
				automobile.
d) Food
			 Allowance
Compensation for the purchase of meals while performing the
				duties required.
e) Housing
			 Allowance
Compensation received for the purpose of providing housing, in
				whole or in part. The method of providing the housing, such as renting or
				purchasing, is irrelevant.
f) Merit Pay
Compensation which is neither fixed in amount or determined by
				a reviewing bargaining agreement or pay plan, nor added into the salary for
				determining future increases.
g) Overtime Pay
Compensation paid for working more than the regular hours
				specified in the contract or pay plan.
h) Shift Differential
Compensation for working a second or third shift, in addition
				to the salary attached to that rank or class.
i) Temporary Pay
Compensation received for temporarily performing the duties of
				a higher rank or specialty rank position shall not be considered salary unless
				and until this compensation has been received continually for one full
				year.
j) Uniform Allowance
Compensation received as reimbursement or payment for the
				purchase of necessary uniforms and equipment for use in the performance of the
				required duties. This compensation may be paid as reimbursement or as a fixed
				amount, regardless of the actual amount expended.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4402 - DEFINITION OF SALARY › Section 4402.50 - Retroactive Pay Increases

Current through Register Vol. 48, No. 28, July 12, 2024
a)
			 Retroactive payments of compensation are treated as if they were paid during
			 the period for which the increase is computed. If an employee retired after the
			 effective date of the salary increase and is entitled to receive retroactive
			 payment of salary, the new salary becomes final salary attached to the rank at
			 the time of retirement and the salary on which the service pension is
			 computed.
b) Entitlement to
			 retroactive pay is to be determined by the contract or agreement which
			 authorizes the salary increase.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4402 - DEFINITION OF SALARY › Section 4402.60 - Accumulated Unused Time at Retirement or Disability

Current through Register Vol. 48, No. 28, July 12, 2024
a) Whether compensation for accumulated but
			 unused vacation, sick, personal, or compensation time (any other time earned by
			 the employee, but unused at the time of termination of employment or
			 retirement) is considered salary will be determined by the date of retirement
			 or disability.
b) If the employee
			 remains on the payroll and uses the time, the compensation received for that
			 time will be considered salary for purposes of computing pension contributions
			 and benefits.
c) If the employee is
			 removed from the payroll by virtue of leaving employment or being placed on
			 disability leave while accumulated time remains unused, then the lump sum
			 compensation received by the employee for that time is not considered salary
			 for purposes of computing pension contributions and benefits.
d) In the instance where a municipality acts
			 contrary to its stated policy, then there must be a written agreement between
			 the municipality and the participant which states that the participant may
			 remain on the payroll until the entire amount due has been paid, without these
			 payments being considered salary for purposes of computing pension
			 contributions or benefits.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS › Section 4404.10 - Purpose

Current through Register Vol. 48, No. 28, July 12, 2024
The purpose of this Part is to set forth the underlying
				calculations involved concerning the transfer of money among the prior pension
				fund, the current pension fund and the officers; and the associated
				requirements to transfer previously accumulated creditable service by an active
				member of an Article 3 police pension fund pursuant to Sections 3-110 and
				3-110.7 of the Illinois Pension Code [40 ILCS 5/3-110 and 3
				-110.7].
Illinois Administrative Code › Title 50 - INSURANCE › Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS › Section 4404.20 - Applicability

Current through Register Vol. 48, No. 28, July 12, 2024
This Part applies to any active member of a pension fund
				established under Article 3 of the Illinois Pension Code, except that an active
				member may not transfer creditable service under this Part from a prior pension
				fund if the officer did not actively serve in the police department under the
				prior pension fund for at least 2 years, unless:
a) The police officer did not actively serve
			 in the police department under the prior pension fund for at least 2 years as a
			 result of being laid off or otherwise involuntarily terminated for a reason
			 other than the fault of the police officer; or
b) The police officer was not actively
			 serving in the police department of the prior pension fund on or after August
			 17, 1997.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS › Section 4404.30 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
Active Member shall be defined as an officer that is in active
				service and a participant of a pension fund established pursuant to Article 3
				of the Illinois Pension Code.
Creditable Service shall be defined by Section 3-110 of the
				Illinois Pension Code [40 ILCS
				5/3-110 ].
Current Pension Fund shall be defined as the pension fund where
				the officer is presently a Participant.
Date of Refund shall be defined as the date the officer
				received a refund from a pension fund pursuant to Section 3-124 of the Illinois
				Pension Code [40 ILCS 5/3-124 ].
Date of Transfer shall be defined as the date the officer's
				application for transfer of creditable service time is received by the current
				pension fund. [40 ILCS 5/3-110.7(a)(1)].
Director shall be defined as the Director of the Illinois
				Department of Insurance.
Participant shall be defined as a participating member, or
				deferred pensioner or annuitant, of a pension fund as provided in Article 3 of
				the Illinois Pension Code under which the pension fund is established
				[40 ILCS 5/3-101
				].
Pension Division shall be defined as the Public Pension
				Division of the Illinois Department of Insurance.
Police Officer or Officer shall be defined by Section 3-106 of
				the Illinois Pension Code [40 ILCS
				5/3-106 ].
Prior Pension Fund shall be defined as the pension fund from
				which the officer may transfer previously accumulated creditable service to the
				current pension fund.
Qualified Actuary shall be defined as either a member of the
				American Academy of Actuaries or an individual who has demonstrated to the
				satisfaction of the Director that he or she possesses the educational
				background necessary for the practice of actuarial science and who also
				possesses not less than 7 years of relevant actuarial experience.
Refund shall be defined as the amount of contributions an
				officer received pursuant to Section 3-124 of the Illinois Pension Code
				[40 ILCS 5/3-124 ].
True Cost shall be defined as the increase in the actuarial
				accrued liability or reserve amount, as applicable, calculated pursuant to
				Section
				4404.50
				of this Part and Section 3-110 of the Illinois Pension Code [40 ILCS
				5/3-110 ], resulting from the transfer of creditable
				service from the prior pension fund to the current pension
				fund.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS › Section 4404.40 - Request and Rescission Notifications

Current through Register Vol. 48, No. 28, July 12, 2024
Any police officer who is an active member of an Article 3
				police pension fund must submit a written request to his or her current pension
				fund board of trustees identifying, by date and time frame, the accumulated
				creditable service to be transferred from the prior police pension funds and
				the prior pension funds. The police officer must also identify any creditable
				service time that the officer is required to reinstate pursuant to Section
				3-110.7(b) of the Illinois Pension Code [40 ILCS
				5/3-110.7(b)] in order for it to qualify as creditable
				service time to be transferred. When requesting to transfer accumulated
				creditable service, all accumulated creditable service with that prior pension
				fund must be transferred out of that prior pension fund.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS › Section 4404.60 - Current Fund Notification Requirement

Current through Register Vol. 48, No. 28, July 12, 2024
Within 30 days after receipt of the police officer's request,
				the current pension fund shall provide written notification to both the
				requesting officer and the prior pension funds verifying receipt of the
				request. The current pension fund shall obtain verification of the creditable
				service time on record with the prior pension fund, as well as the amount the
				prior pension fund will transfer to the current pension fund as calculated
				pursuant to Section
				4404.73
				of this Part and the amount the police officer is required to pay the prior
				pension fund in order to reinstate service as calculated pursuant to Section
				4404.76
				of this Part, if applicable. At this time the current pension fund shall also
				provide written notification to the independent actuary or the Department of
				Insurance (DOI), as applicable, requesting the actuarial amounts to be used in
				the true cost determination. The request form prescribed by Section
				4404.50(d)(1)
				must accompany the notification if the DOI is requested to perform the
				actuarial calculations.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS › Section 4404.70 - Prior Fund Notification Requirement

Current through Register Vol. 48, No. 28, July 12, 2024
Within 30 days after receipt of the current pension fund's
				notification, the prior pension funds shall provide written notification, to
				both the requesting officer and the current pension fund, verifying receipt of
				the notification required by Section
				4404.60
				of this Part. The prior funds must also verify the creditable service time on
				record and identify the amount of money due to be transferred to the current
				fund on behalf of the officer as calculated pursuant to Section
				4404.73
				of this Part, specifically broken down into categories including employee
				contributions, employer contributions, and interest. In the event that a refund
				has been taken, the prior pension fund must also notify the officer and the
				current pension fund of the amount of money that is owed to the prior pension
				fund in order to reinstate that service time as calculated pursuant to Section
				4404.76
				of this Part. The prior fund's notification to the officer and the current
				pension fund must identify that portion of the amount owed for reinstatement
				that is attributable to the refund received by the officer and that portion of
				the amount that is attributable to the interest on the
				refund.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS › Section 4404.73 - Calculation of the Amount to be Transferred from the Prior Pension Fund to the Current Pension Fund

Current through Register Vol. 48, No. 28, July 12, 2024
Upon receiving the notification from the current pension fund,
				as set forth in Section
				4404.60
				of this Part, the prior pension fund must notify the current pension fund of
				the amount of money that is to be transferred to the current pension fund upon
				the police officer's decision to transfer creditable service time. That amount
				shall equal:
a) The amounts actually
			 contributed by, or on behalf of, the applicant to the fund as employee
			 contributions, plus interest on those amounts at the rate of 6% per year,
			 compounded annually, from the date of contribution to the date of transfer;
			 and
b) An amount representing
			 employer contributions, which is equal to the total amount determined under
			 subsection (a) of this Section.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS › Section 4404.76 - Calculation of the Amount Required to Reinstate Creditable Service if a Refund was Received

Current through Register Vol. 48, No. 28, July 12, 2024
If the officer received a refund from the prior pension fund
				upon leaving that pension fund, the officer must pay the prior pension fund the
				amount of the refund plus interest on the refund amount at the rate of 6% per
				year, compounded annually, in order to reinstate the accumulated creditable
				service. The interest shall be calculated from the date of refund to the date
				of transfer.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS › Section 4404.80 - Current Fund Payment Schedule, Determination of Creditable Service Time to be Credited and Notification to the Police Officer

Current through Register Vol. 48, No. 28, July 12, 2024
Within 14 days after receipt of the prior pension funds
				notification, the current pension fund shall notify the requesting officer
				of:
a) The additional contribution
			 needed from the officer to transfer the designated creditable service time as
			 required by Section 3-110 of the Illinois Pension Code [40 ILCS
			 5/3-110 ] should the officer elect to have all
			 creditable service time earned in the prior fund credited to the current fund
			 under
			 40 ILCS
			 5/3-110(d)(2), option (A). The
			 additional contribution should represent the true cost necessary to transfer
			 the designated creditable service time minus the amount payable by the prior
			 pension funds as calculated pursuant to Section
			 4404.73
			 of this Part, leaving a balance payable by the officer to satisfy the true cost
			 of effectively transferring the designated creditable service time. This
			 additional contribution is in addition to any amount required to be paid by the
			 officer to reinstate the prior creditable service when a refund had been
			 received as calculated in Section
			 4404.76
			 of this Part. In addition, the current pension fund must:
1) Specify the method of payment as either a
			 lump sum or a schedule of payments, to include 6% annual interest on the
			 declining balance, and any fees, not to exceed the 5 year statutory limit (see
			 40 ILCS
			 5/3-110(d)(3) ), deemed acceptable by
			 the current pension fund board of trustees and that payment must be made in
			 full before the officer terminates service; and
2) Notify the officer that once final
			 authorization has been given pursuant to Section
			 4404.90
			 of this Part, the transfer cannot be reversed, and failure to satisfy the
			 agreed to payment arrangement will result in a forfeiture of the employer paid
			 portion and any accumulated interest on the designated creditable service time
			 pursuant to Section 3-110.7 of the Illinois Pension Code [40 ILCS
			 5/3-110.7].
Illinois Administrative Code › Title 50 - INSURANCE › Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS › Section 4404.90 - Final Authorization to Transfer or Withdraw

Current through Register Vol. 48, No. 28, July 12, 2024
a) Within 14 days after receiving
			 notification from the current pension fund, which must include a payment
			 schedule deemed acceptable to meet the additional amount due, if applicable,
			 the officer must either:
1) Provide an
			 irrevocable written authorization to transfer creditable service time to the
			 current pension fund and, if applicable, repay the prior fund any refund with
			 interest; or
2) Submit a written
			 request to withdraw the initial application for transferring creditable service
			 to the current pension fund; or
3)
			 If the officer fails to take action by the 15th day,
			 pursuant to either subsection (a)(1) or (a)(2) of this Section, the initial
			 request to transfer the designated creditable service time will be
			 automatically withdrawn.
Illinois Administrative Code › Title 50 - INSURANCE › Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS › Section 4404.100 - Transfer of Creditable Service Time

Current through Register Vol. 48, No. 28, July 12, 2024
a) Within 7 days after final authorization
			 from the officer has been received by the current pension fund, the current
			 pension fund must forward a copy of the final authorization to the prior
			 pension funds.
b) Within 30 days
			 after the prior pension funds receive a copy of the officer's final
			 authorization and the repayment of any refund with interest, if applicable, the
			 prior pension fund must transfer the designated creditable service time to the
			 current pension fund along with the payment of all monies required to be
			 transferred pursuant to Section
			 4404.73
			 of this Part.