Ill. Admin. Code tit. 74 § 760.730

Current through Register Vol. 48, No. 50, December 13, 2024

Section 760.730 - Holder Advocates

a) A person subject to examination may retain third-party advocates to assist them in the examination process.

b) The retention of an advocate is no basis to delay the commencement of the examination and the administrator will not delay the examination so that the advocate may conduct a review or its own audit of the books and records of the person subject to examination in advance of the administrator's examination.

c) The administrator will, to the extent practicable, cooperate with the person subject to examination and its advocate and keep both apprised of records requests, interviews, and the progress of the audit in general.

Ill. Admin. Code tit. 74, § 760.730

Adopted at 43 Ill. Reg. 4253, effective 3/25/2019.