The Illinois Department of Insurance has issued a notice of proposed rule to add a new rule (50 Ill. Adm. Code 206) regarding domestic insurance companies service of process requirements.
The rulemaking will provide the method and procedure to designate either a registered agent with an Illinois address and/or any Officer or Director of the insurance company at the home office address to accept service of process on behalf of domestic insurance companies. Specifically, the rulemaking will allow domestic insurance companies to amend their Articles of Incorporation to designate a registered agent’s name and/or any Officer or Director of the insurance company at the home office address who will accept service on behalf of the domestic insurance company. The rule will also provide for the public dissemination of this information via the Department’s website.
Persons who wish to comment on the proposed rule may submit written comments no later than November 27, 2017.