The IDOI states the reporting requirement applies to every company authorized to do business in Illinois or accredited by Illinois with assets of at least $50,000,000, including insurance companies, health maintenance organizations, limited health service organizations, dental service plan corporations and accredited reinsurers. The requirement excludes qualified group workers compensation pools, domestic captive insurance companies, fraternal benefit societies, and any risk-bearing entity that in Illinois transacts only Medicare Part C or D plans.
Illinois DOI updates filing instructions for annual insurance supplier diversity reports
By Awais
