Ill. Admin. Code tit. 50 § 902.40

Current through Register Vol. 48, No. 33, August 16, 2024
Section 902.40 - Insurance Companies Originating Payday Loans

All insurance companies offering payday loans, as that term is defined in Section 902.30 of this Part, including any insurance products and/or services that constitute a payday loan, as defined in Section 902.30 of this Part, must offer such products and/or services in a manner consistent with the Act. Insurance companies shall ensure that any payday loan products and/or services are offered in a manner that will not jeopardize the insurance company's financial solvency pursuant to Article IIA of the Code [215 ILCS 5 /Art. IIA].

Ill. Admin. Code tit. 50, § 902.40