REGULATORY ACTIVITY:

• Published bulletin 2019-02 regarding registration with the Illinois Insurance Verification System.  Pursuant to 625 ILCS 5/7-603.5, the Illinois Secretary of State is implementing the ILIVS to assist in reducing the number of uninsured motorists in Illinois.  Paragraph (a)(1) of 625 ILCS 5/7-603.5 places specific requirements on Illinois insurance companies authorized to sell motor vehicle liability insurance.  To view the bulletin, go to http://insurance.illinois.gov. /cb/CompanyBulletins.html.

REGULATORY ACTIVITY:

• Issued Company Bulletin 2018-08 regarding updating all company bulletins.  The Illinois Department of Insurance ("DOI") intends for Company Bulletins to provide timely, relevant, and helpful guidance to insurance companies based on information existing at the time the Bulletin is issued.  Company Bulletins are not updated when the underlying regulations change, and DOI anticipates companies will implement the guidance provided shortly after the Bulletin is issued.   No Company Bulletin should be relied upon as the primary or current source of law or regulation. In an effort to alleviate confusion and burdens on Companies, DOI recently reviewed the Company Bulletins available on DOI's website. Company Bulletins that no longer meet the above intended purposes were to be removed from DOI' s website on October 15, 2018. Although certain Bulletins will no longer be available on DOI's website, the Bulletins may be obtained through a FOIA request.  To view the bulletin, go to http://insurance.illinois.gov/cb/CompanyBulletins.html.