Ill. Admin. Code tit. 92, § 1425.140 – Revocation of Authorization to be a Self-Insurer | Midpage
§ 1425.140
Ill. Admin. Code tit. 92, § 1425.140
Revocation of Authorization to be a Self-Insurer
AUTHORITY: Implementing Sections 18c-1901 through 18c-1905 and authorized by Section 18c-1202(9) of The Illinois Commercial Transportation Law [625 ILCS 5/18c-1101, 18c-1202(9) and 5/18c-1901 through 1905].ILLINOIS COMMERCE COMMISSION
a) Whenever, after inspection of reports filed pursuant to Section 1425.130, the Commission finds that a carrier no longer meets the minimum requirements of Section 1425.120 for self-insurance, the Commission shall institute a proceeding pursuant to 83 Ill. Adm. Code 200 to suspend or revoke the carrier's authorization to be a self-insurer.
b) If a carrier fails to file the reports required by Section 1425.130, the Commission shall institute a proceeding pursuant to 83 Ill. Adm. Code 200 to suspend or revoke the carrier's authorization to be a self-insurer.
c) Based upon the accident information supplied in the reports filed pursuant to Section 1425.130, the Commission may institute a proceeding pursuant to 83 Ill. Adm. Code 200 to suspend or revoke a carrier's authorization to be a self-insurer.