IL | The Illinois Department of Insurance has issued Company Bulletin 2021-03.
Under Public Act 100-1024, each issuer is required to file annually with the Illinois Department of Insurance (IDOI) specific data and procedures as outlined under 215 ILCS 5/370c.1(j) and (k). The required data to be filed is non-quantitative treatment limitation (NQTL) comparative analysis. These NQTLs have been broken down into three separate Phases.
The annual due dates for data submission for each phase are as follows:
Phase I: Due July 1, 2021, annually thereafter
Phase II: Beginning July 1, 2022, annually thereafter
Phase III: Beginning July 1, 2023, annually thereafter