# IL Company Bulletin 2011-08: All Companies Filing Certain Separate Account Insurance products : The purpose ofthis bulletin is to remind Illinois domestics of the appropriate procedures for seeking approval to establish certain separate accounts > Illinois · Agency guidance · In force URL: https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2011-08 ## Section - **Citation:** IL Company Bulletin 2011-08 - **Heading:** All Companies Filing Certain Separate Account Insurance products : The purpose ofthis bulletin is to remind Illinois domestics of the appropriate procedures for seeking approval to establish certain separate accounts - **Jurisdiction:** Illinois - **Kind:** Agency guidance - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Illinois Department of Insurance Company Bulletins / All Companies Filing Certain Separate Account Insurance products : The purpose ofthis bulletin is to remind Illinois domestics of the appropriate procedures for seeking approval to establish certain separate accounts. ## Text Illinois Department of Insurance Jack Messmore Acting Director TO: ALL ILLINOIS DOMESTIC COMPANIES LICENSED TO WRITE LIFE INSURANCE (INCLUDING FRATERNALS) FROM: JACK MESSMORE DATE: JUNE 28, 2011 RE: COMPANY BULLETIN 2011-08 FILiNG OF CERTAIN SEPARATE ACCOUNT INSURANCE PRODUCTS The purpose ofthis bulletin is to remind Illinois domestics ofthe appropriate procedures for seeking approval to establish certain separate accounts. Specifically, this bulletin addresses products that result in the establishment ofa separate account in which values due the policyholder are not unit-linked or “unitized”as is the case with traditional separate account products. The approval process for such products is two-fold: 1) the company must secure the Director’s approval under 215 ILCS 5/245.21; and 2) the policy form filing must he approved. 215 ILCS 5/245.21 requirements must be satisfied prior to the approval of the policy form in Illinois AND prior to sale of the product in any other states. Prior to submitting the policy form filing, the company should contact the Department’s Life Actuary, Bruce Sartain, FSA, MAAA, at bruce.sartain(a illinois.gov with product details, draft policy forms, prospectus, actuarial memorandums, etc. Companies should contact the Department early in the development stage. Domestics must meet the requirements of215 ILCS 5/245.21 regardless ofwhether: 1) the new product is filed for sale in Illinois or not; or 2) the new product is filed with individual state insurance departments or through the Interstate Insurance Product Regulation Commission (IIPRC). These products cannot be filed via the certification process (Company Bulletin CB 2007-01). For questions regarding this bulletin please contact Bruce Sartain or Susan Lamb, ASA, MAAA at susa~l~jinb~iI1inoi s.go~. 320 \VesI Washington St. Springfield IL 62767 (217) 782-1515 insurancei1linoisgo~ PAT QUINN Governor ## Nearby sections - [IL Company Bulletin 2011-05 All Companies Writing Medical Professional Liability Insurance in Illinois : Illinois Medical Professional Liability Insurance Schedule Rating Plan Guidelines](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2011-05.md) - [IL Company Bulletin 2011-07 All Companies Authorized to Write Health Insurance In Illinois : Nonparticipating Facility-Based Physicians and Providers Dispute-215ILCS 5 / 356z.3a](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2011-07.md) - [IL Company Bulletin 2011-08 All Companies Filing Certain Separate Account Insurance products : The purpose ofthis bulletin is to remind Illinois domestics of the appropriate procedures for seeking approval to establish certain separate accounts.](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2011-08.md) - [IL Company Bulletin 2011-14 All Licensed Property and Casualty Insurers in Illinois Rating Organizations, Advisory Organizations, and Authorized Filers : Mandatory Submission of Property and Casualty Form and Rate/Rule Filings Via NAIC/SERFF](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2011-14.md) - [IL Company Bulletin 2012-08 Licensed Property and Casualty Insureres in Illinois, Rating Organizations, Advisory Organizations, and Authorized Filers : Requesting Confidential Treatment of Data Contained in Filings Subject to Public Disclosure](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2012-08.md) - [IL Company Bulletin 2012-11 All Insurance Companies and Licensed Insurance Producers : Rebating, Value-added Services, Charitable Contributions, Consumer Gifts and Referral Fees](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2012-11.md) - [IL Company Bulletin 2013-04 All Insurers : Qualified Health Plan Fees](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2013-04.md) - [IL Company Bulletin 2013-09 All Insurance Companies and Self-Insured Pools Licensed to Provide Workers' Compensation Coverage in this State : Reaffirmation on the Department's Position on Premium Adjustments after Audit Pursuant to 215 ILCS 5/143.17a](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2013-09.md) - [IL Company Bulletin 2014-01 All Insurers : Filings Requiring Director’s Approval Submitted After December 1st of Any Given Year](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2014-01.md) - [IL Company Bulletin 2014-10 All Insurers : Healthcare for Transgender Individuals](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2014-10.md) - [IL Company Bulletin 2015-03 All Illinois Licensed Property & Casualty Insurance Companies : Terrorism Risk Insurance Program Reauthorization Act of 2015 & Filing Procedures & Requirements for Terrorism Related Forms Rules & Rates](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2015-03.md) - [IL Company Bulletin 2016-02 All Insurers : Illinois-Specific Small Group composite Premium Method](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2016-02.md) - [IL Company Bulletin 2016-08 All Illinois Licensed Workers’ Compensation Companies : Additional Information Request for 2017 NCCI Rate Filing Response](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2016-08.md) - [IL Company Bulletin 2017-01 All Life, Accident & Health Companies, Health Maintenance Organizations, Limited Health Service Organizations, & Voluntary Health Service Plans : Renewals of Existing Transitional Health Plans for Plan Year 2018](https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2017-01.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/IL_INS_CB_2011-08. Check the current official text before relying on it. Not legal advice.