§ 2500.80

Ill. Admin. Code tit. 50, § 2500.80

Calculation Guidelines

Effective Feb 24, 202044 Ill. Reg. 3419AUTHORITY: Implementing Sections 408, 409, 410, 412, 444 and 444.1 and authorized by Sections 401 and 409(5) of the Illinois Insurance Code [215 ILCS 5] and Section 12 of the Fire Investigation Act [425 ILCS 25].DEPARTMENT OF INSURANCE

a) All calculations shall be rounded to whole numbers by rounding down if the first decimal place is five or less and rounding up otherwise.
b) For all calculated amounts owed, a whole dollar amount shall be reported and any amount calculated should be rounded down if $0.50 or less and rounded up otherwise.

(Source: Amended at 44 Ill. Reg. 3419, effective February 24, 2020)