AUTHORITY: Implementing Section 155.49 of the Illinois Insurance Code [215 ILCS 5], Section 25 of the Dental Service Plan Act [215 ILCS 110], Section 5-3 of the Health Maintenance Organization Act [215 ILCS 125], Section 4003 of the Limited Health Service Organization Act [215 ILCS 130], and authorized by Sections 155.49 and 401 of the Illinois Insurance Code.DEPARTMENT OF INSURANCE
a) Except as provided in subsection (b), this Part applies to every domestic, foreign, and alien risk-bearing entity with a certificate of authority or accreditation from the Director.
b) This Part does not apply to any qualified group workers compensation pool, domestic captive insurance company, fraternal benefit society, or any risk-bearing entity that, in this State, only transacts business to offer Medicare Part C or D plans. For any year when reports are due, this Part also does not apply to any risk-bearing entity with less than $50,000,000 in total net admitted assets for the current year as reflected on the Assets page of the annual statement filed with the Director for the year ending December 31st immediately preceding.