# 50 Ill. Adm. Code 1250.15: Section 1250.15 Definitions

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P1250_S1250_15

## Section

- **Citation:** 50 Ill. Adm. Code 1250.15
- **Heading:** Section 1250.15 Definitions
- **Jurisdiction:** Illinois
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Administrative Code / Title 50 INSURANCE / CHAPTER I: DEPARTMENT OF INSURANCE / Part 1250 CORRECTIVE ORDERS / Section 1250.15 Definitions

## Text

Section 1250.15  Definitions
Actuarial Standards of Practice means the actuarial
standards used in keeping with current professional practice by the Actuarial
Standards Board (1100 Seventeenth Street, NW, Seventh Floor, Washington DC
20036) that are to be utilized by actuaries in performance of their
assignments.
Code means the Illinois Insurance Code [215 ILCS 5].
Department means the Illinois
Department of Insurance.
Director means the Director of the Illinois Department
of Insurance.
Insurer means any person or company subject to the Code.
NAIC means the National Association of Insurance
Commissioners.

## Nearby sections

- [50 Ill. Adm. Code 1250.10 Section 1250.10  Purpose](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P1250_S1250_10.md)
- [50 Ill. Adm. Code 1250.15 Section 1250.15  Definitions](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P1250_S1250_15.md)
- [50 Ill. Adm. Code 1250.20 Section 1250.20  Standards](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P1250_S1250_20.md)
- [50 Ill. Adm. Code 1250.30 Section 1250.30  Director's Authority](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P1250_S1250_30.md)
- [50 Ill. Adm. Code 1250.40 Section 1250.40  Judicial Review](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P1250_S1250_40.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P1250_S1250_15. Check the current official text before relying on it. Not legal advice.