(215 ILCS 165/12) (from Ch. 32, par. 606)

Sec. 12. All rates or formula base for experience rate subscriber contracts shall be submitted to the Director prior to use. The Director may disapprove rates or formula base for rates for specific reason and must do so within 45 days of receipt of supporting information or rates will be deemed approved.

(Source: P.A. 81-1203.)