This Part is promulgated by the Director of the Department of Financial and Professional Regulation-Division of Insurance under Section 401 of the Illinois Insurance Code [215 ILCS 5/401 ] that empowers the Director to make reasonable rules and regulations as may be necessary for making effective the insurance laws of this State. Further, this Part implements Section 4-30(b) of the Payday Loan Reform Act [815 ILCS 122/4-30(b) ] that requires the Secretary to promulgate rules to implement that Act.
Ill. Admin. Code tit. 50, § 902.10