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Code · Illinois · Chapter 215 — INSURANCE · Act 157

Sec. 40. Filing.

73 words·~1 min read·/il/chapter-215/act-157/40

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Sec. 40. Filing.
(a)Insurers that use insurance scores to underwrite and rate risks must file their scoring models (or other scoring processes) with the Department. A third party may file scoring models on behalf of insurers. A filing that includes insurance scoring may include loss experience justifying the use of credit information.
(b)Any filing relating to credit information is considered to be a trade secret under the Illinois Trade Secrets Act.
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