Insured FAQ
How does the Association benefit me?
The Association was created to act as a middleman between the
Illinois
Division of Insurance and surplus line producers and in doing so, we
relieve the Division of many of the administrative burdens of collecting
data, compiling data, and responding to everyday questions, concerns and
procedural matters. The Division then has more free time to do what they
do best - protecting you, the consumer, through effective regulation and
oversight.
In addition to assisting the Division of Insurance, we are charged
with the duty to facilitate and promote compliance with the surplus line
laws in Illinois. With education and support from the Association, our
members — the surplus line producers — are better able to respond to their duties and responsibilities
under the laws and regulations of the state. These laws and regulations
were designed to protect you and, therefore, you are less likely to
encounter surprises or disappointments with your insurance.
Disclaimer
The materials and information contained herein are only synopses of laws, regulations
and other information and do not constitute
legal advice. It is recommended that you consult your legal advisers regarding
application of the Illinois surplus line laws and regulations to any particular
situation. The Surplus Line Association does not undertake and hereby
disclaims any obligation to advise you of any change to the Illinois surplus
line laws and regulations or the procedures of the Surplus Line Association.
|
