Article VIII 1/4 – Risk Management And Own Risk And Solvency Assessment
(215 ILCS 5/Art. VIII.25 heading) ARTICLE VIII 1/4. RISK MANAGEMENT ANDOWN RISK AND SOLVENCY ASSESSMENT (Source: P.A. 98-910, eff. 7-1-15.) (215 ILCS 5/129) Sec. 129. Short title. This Article may be cited as the Risk Management and Own Risk and Solvency Assessment Law. (Source: P.A. 98-910, eff. 7-1-15.) (215 ILCS 5/129.1) Sec. 129.1. […]
Article VIII 1/3 – Corporate Governance Annual Disclosure Law
(215 ILCS 5/Art. VIII.33 heading) ARTICLE VIII 1/3. CORPORATE GOVERNANCE ANNUAL DISCLOSURE LAW (Source: P.A. 101-600, eff. 12-6-19.) (215 ILCS 5/130.1) Sec. 130.1. Short title. This Article may be cited as the Corporate Governance Annual Disclosure Law. (Source: P.A. 101-600, eff. 12-6-19.) (215 ILCS 5/130.2) Sec. 130.2. Purpose and scope. The purpose of […]
Article VIII 1/2 – Insurance Holding Company Systems
(215 ILCS 5/Art. VIII.5 heading) ARTICLE VIII 1/2. INSURANCE HOLDING COMPANY SYSTEMS (215 ILCS 5/131.1) Sec. 131.1. Definitions. As used in this Article, the following terms have the respective meanings set forth in this Section unless the context requires otherwise: (a) An “affiliate” of, or person “affiliated” with, a specific person, is a person […]
Article IX – Provisions Applicable To All Companies
(215 ILCS 5/Art. IX heading) ARTICLE IX. PROVISIONS APPLICABLE TO ALL COMPANIES (215 ILCS 5/132) (from Ch. 73, par. 744) Sec. 132. Market conduct and non-financial examinations. (1) The Director, for the purposes of ascertaining the non-financial business practices, performance, and operations of any company, may make examinations of: (a) any company transacting or […]
Article IX 1/2 – Credit Life and Credit Accident and Health Insurance
(215 ILCS 5/Art. IX.5 heading) ARTICLE IX 1/2. CREDIT LIFE AND CREDIT ACCIDENT AND HEALTH INSURANCE (215 ILCS 5/155.51) (from Ch. 73, par. 767.51) Sec. 155.51. Purpose and scope.) (a) The purpose of this Article is to promote the public welfare by regulating credit life insurance and credit accident and health insurance. Nothing in […]
Article III 1/2 – Alien Companies
(215 ILCS 5/Art. III.5 heading) ARTICLE III 1/2. ALIEN COMPANIES (215 ILCS 5/60a) (from Ch. 73, par. 672a) Sec. 60a. Alien companies; Illinois State of entry. (1) An alien company may use Illinois as a state of entry to transact insurance in the United States by obtaining a certificate of authority pursuant to Section […]
Article I – Short Title, Definitions And Classifications
(215 ILCS 5/Art. I heading) ARTICLE I. SHORT TITLE, DEFINITIONS AND CLASSIFICATIONS (215 ILCS 5/1) (from Ch. 73, par. 613) Sec. 1. Short title. This Act shall be known and may be cited as the Illinois Insurance Code. (Source: P.A. 96-328, eff. 8-11-09.) (215 ILCS 5/2) (from Ch. 73, par. 614) Sec. 2. […]
Article II – Domestic Stock Companies
(215 ILCS 5/Art. II heading) ARTICLE II. DOMESTIC STOCK COMPANIES (Article scheduled to be repealed on January 1, 2027) (215 ILCS 5/6) (from Ch. 73, par. 618) (Section scheduled to be repealed on January 1, 2027) Sec. 6. Scope of Article. This Article shall apply to all domestic stock companies transacting or being organized […]
Article IIA – Risk-Based Capital
(215 ILCS 5/Art. IIA heading) ARTICLE IIA. RISK-BASED CAPITAL. (215 ILCS 5/35A-1) Sec. 35A-1. Short title. This Article may be cited as the Risk-Based Capital Law. (Source: P.A. 88-364.) (215 ILCS 5/35A-5) Sec. 35A-5. Definitions. As used in this Article, the terms listed in this Section have the meaning given herein. “Adjusted RBC […]
Article IIB – Domestic Stock Company Division
(215 ILCS 5/Art. IIB heading) ARTICLE IIB. DOMESTIC STOCK COMPANY DIVISION (Source: P.A. 100-1118, eff. 11-27-18.) (215 ILCS 5/35B-1) Sec. 35B-1. Short title. This Article may be cited as the Domestic Stock Company Division Law. (Source: P.A. 100-1118, eff. 11-27-18.) (215 ILCS 5/35B-5) Sec. 35B-5. Purpose. The purpose of this Article is to […]