Article V 3/4 – Group Workers’ Compensation; Pools; Pooling; Insolvency Fund
(215 ILCS 5/Art. V.75 heading) Article V 3/4 Group Workers’ Compensation Pools; pooling; insolvency fund. (215 ILCS 5/107a.01) Sec. 107a.01. Short title. This Article may be cited as the Workers’ Compensation Pool Law. (Source: P.A. 91-757, eff. 1-1-01.) (215 ILCS 5/107a.02) Sec. 107a.02. Scope. This Article applies to all qualified group workers’ compensation […]
Article XIE – Special Purpose Reinsurance Vehicle Law
(215 ILCS 5/Art. XIE heading) ARTICLE XIE. Special Purpose Reinsurance Vehicle Law (215 ILCS 5/179E-1) Sec. 179E-1. Short title. This Article may be cited as the Special Purpose Reinsurance Vehicle Law. (Source: P.A. 92-124, eff. 7-20-01.) (215 ILCS 5/179E-5) Sec. 179E-5. Purpose. This Article is adopted to provide for the creation of Special […]
Article VI – Foreign Or Alien Companies
(215 ILCS 5/Art. VI heading) ARTICLE VI. FOREIGN OR ALIEN COMPANIES (Article scheduled to be repealed on January 1, 2027) (215 ILCS 5/108) (from Ch. 73, par. 720) (Section scheduled to be repealed on January 1, 2027) Sec. 108. Companies that may be admitted to do business. (1) Upon complying with the provisions of […]
Article XII – Domestication Of Foreign And Alien Companies
(215 ILCS 5/Art. XII heading) ARTICLE XII. DOMESTICATION OF FOREIGN AND ALIEN COMPANIES (215 ILCS 5/180) (from Ch. 73, par. 792) Sec. 180. Companies that may domesticate. (1) Any domestic, foreign, or alien stock company, mutual company, assessment legal reserve company, reciprocal, or fraternal benefit society, authorized or which may be authorized to do […]
Article VII – Unauthorized Companies
(215 ILCS 5/Art. VII heading) ARTICLE VII. UNAUTHORIZED COMPANIES (215 ILCS 5/121) (from Ch. 73, par. 733) Sec. 121. Transacting business without certificate of authority prohibited. (1) It shall be unlawful for any company to enter into a contract of insurance as an insurer or to transact insurance business in this State, without a […]
Article VIIA – Advisory Organizations
(215 ILCS 5/Art. VIIA heading) ARTICLE VIIA. ADVISORY ORGANIZATIONS (Article scheduled to be repealed on January 1, 2027) (215 ILCS 5/123A-1) (from Ch. 73, par. 735A-1) (Section scheduled to be repealed on January 1, 2027) Sec. 123A-1. Purpose of Article. The purpose of this Article is to authorize the existence, operation, and regulation of […]
Article VIIB – Risk Retention Companies
(215 ILCS 5/Art. VIIB heading) ARTICLE VIIB. RISK RETENTION COMPANIES (Article scheduled to be repealed on January 1, 2027) (215 ILCS 5/123B-1) (from Ch. 73, par. 735B-1) (Section scheduled to be repealed on January 1, 2027) Sec. 123B-1. Purpose. The purpose of this Article is to regulate the formation or operation, or both, of […]
Article VIIC – Domestic Captive Insurance Companies
(215 ILCS 5/Art. VIIC heading) ARTICLE VIIC. DOMESTIC CAPTIVE INSURANCE COMPANIES (Article scheduled to be repealed on January 1, 2027) (215 ILCS 5/123C-1) (from Ch. 73, par. 735C-1) (Section scheduled to be repealed on January 1, 2027) Sec. 123C-1. Definitions. As used in this Article: A. “Affiliate” or “Affiliated company” includes a parent entity […]
Article VIID – Nonprofit Risk Organizations
(215 ILCS 5/Art. VIID heading) ARTICLE VIID. NONPROFIT RISK ORGANIZATIONS (Source: P.A. 93-918, eff. 1-1-05.) (215 ILCS 5/123D-1) Sec. 123D-1. Purpose; construction. The purpose of this Article is to provide for the organization of and issuance of a certificate of authority to nonprofit risk organizations that insure nonprofit organizations and that will qualify, and […]
Article VIII – Investments Of Domestic Companies
(215 ILCS 5/Art. VIII heading) ARTICLE VIII. INVESTMENTS OF DOMESTIC COMPANIES (215 ILCS 5/124) (from Ch. 73, par. 736) Sec. 124. (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.) (215 ILCS 5/124.1) (from Ch. 73, par. 736.1) Sec. 124.1. (Repealed). (Source: P.A. 86-1156. Repealed by P.A. 90-418, eff. 8-15-97.) (215 […]