a) Premiums

1. 1) The annual premium for insurance coverage will be:

   1. A) For the year July 1, 2020 through June 30, 2021, and for subsequent years through June 30, 2029, $1,500 per drycleaning facility per coverage year.
   2. B) For July 1, 2029 through January 1, 2030, $750 per drycleaning facility per coverage year. [415 ILCS 135/45(e)]
2. 2) Premiums will not be prorated. If coverage is purchased for any part of a coverage year, the purchaser must pay the full annual premium. [415 ILCS 135/45(f)]
3. 3) Premiums may be paid annually or semi-annually. Payment of premiums on an annual basis are due on the first day of the first month of coverage. For premiums paid semiannually, payment of the first semi-annual premium is due on the first day of the first six calendar months of coverage and payment of the second semi-annual premium is due on the first day of the second six calendar months of coverage.