Article XXXIIA – Premium Finance Regulation
(215 ILCS 5/Art. XXXIIA heading) ARTICLE XXXIIA. PREMIUM FINANCE REGULATION (215 ILCS 5/513a1) (from Ch. 73, par. 1065.60a1) Sec. 513a1. Scope of Article. (a) Except as provided in subsection (b), this Article applies to all persons engaged in the business of financing insurance premiums, entering into premium finance agreements, or otherwise acquiring premium finance […]
Article XXXIIB – Pharmacy Benefit Managers
(215 ILCS 5/Art. XXXIIB heading) ARTICLE XXXIIB. PHARMACY BENEFIT MANAGERS (Source: P.A. 101-452, eff. 1-1-20.) (215 ILCS 5/513b1) Sec. 513b1. Pharmacy benefit manager contracts. (a) As used in this Section: “340B drug discount program” means the program established under Section 340B of the federal Public Health Service Act, 42 U.S.C. 256b. “340B entity” means […]
Article XXXIII – Urban Property Insurance
(215 ILCS 5/Art. XXXIII heading) ARTICLE XXXIII. URBAN PROPERTY INSURANCE (215 ILCS 5/522) (from Ch. 73, par. 1065.69) Sec. 522. Purpose. This article is to make basic property insurance increasingly available to the citizens of this State, and to deter the insurance industry from geographically redlining urban areas of this State by requiring the […]
Article XXXIII 1/2 – Life and Health Insurance Guaranty Association
(215 ILCS 5/Art. XXXIII.5 heading) ARTICLE XXXIII 1/2. LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION (215 ILCS 5/531.01) (from Ch. 73, par. 1065.80-1) Sec. 531.01. Title.) This Article is known and may be cited as the Illinois Life and Health Insurance Guaranty Association Law. (Source: P.A. 81-899.) (215 ILCS 5/531.01a) (from Ch. 73, par. […]
Article XXXIV – Illinois Insurance Guaranty Fund
(215 ILCS 5/Art. XXXIV heading) ARTICLE XXXIV. ILLINOIS INSURANCE GUARANTY FUND (215 ILCS 5/532) (from Ch. 73, par. 1065.82) Sec. 532. Purpose. (a) The purpose of this Article is to provide a mechanism for the payment of covered claims under certain insurance policies, to avoid excessive delay in payment of covered claims, to avoid […]
Article XXXVIIIA – Mine Subsidence Insurance
(215 ILCS 5/Art. XXXVIIIA heading) Article XXXVIIIA MINE SUBSIDENCE INSURANCE (215 ILCS 5/801.1) Sec. 801.1. Purpose. The purpose of this Article is to require insurers to make mine subsidence insurance coverage available for residences, living units and commercial buildings located in Illinois; to establish the Illinois Mine Subsidence Insurance Fund; to divide the Fund […]
Article XXXIX – Group Legal Expense Insurance
(215 ILCS 5/Art. XXXIX heading) ARTICLE XXXIX. GROUP LEGAL EXPENSE INSURANCE (215 ILCS 5/900) (from Ch. 73, par. 1065.600) Sec. 900. Group legal expense defined. Group legal expense insurance means that form of legal expense insurance covering not less than 10 employees, members, or employees of members, written under a master policy issued to […]
Article XL – Insurance Information And Privacy Protection
(215 ILCS 5/Art. XL heading) ARTICLE XL. INSURANCE INFORMATION AND PRIVACY PROTECTION (215 ILCS 5/1001) (from Ch. 73, par. 1065.701) Sec. 1001. Purpose. The purpose of this Article is to establish standards for the collection, use and disclosure of information gathered in connection with insurance transactions by insurance institutions, agents or insurance-support organizations; to […]
Article XLI – Risk Retention Arrangements For Banking Associations
(215 ILCS 5/Art. XLI heading) ARTICLE XLI. RISK RETENTION ARRANGEMENTS FOR BANKING ASSOCIATIONS (215 ILCS 5/1101) (from Ch. 73, par. 1065.801) Sec. 1101. Scope of Article. This Article applies only to trusts sponsored by domestic banking associations and organized under this Article to provide casualty insurance authorized under Section 5 of the Illinois Banking […]
Article XLII – Insurance Cost Containment
(215 ILCS 5/Art. XLII heading) ARTICLE XLII. INSURANCE COST CONTAINMENT (215 ILCS 5/1200) (from Ch. 73, par. 1065.900) Sec. 1200. This Article shall be known and may be cited as the “Illinois Insurance Cost Containment Act”. (Source: P.A. 84-1431.) (215 ILCS 5/1201) (from Ch. 73, par. 1065.901) Sec. 1201. Purpose of Article. The […]