(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. […]
(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 DOMESTIC STOCK COMPANIES (Article scheduled to be repealed on January 1, 2027) (215 ILCS 5/6) (from Ch. 73, par. 618) (Section scheduled to be repealed on January 1, 2027) Sec. 6.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 […]
(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 […]
(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 […]
(215 ILCS 5/Art. III heading) ARTICLE III. DOMESTIC MUTUAL COMPANIES (Article scheduled to be repealed on January 1, 2027) (215 ILCS 5/36) (from Ch. 73, par. 648) (Section scheduled to be repealed on January 1, 2027) Sec. 36. Scope of Article. This Article shall apply to all domestic mutual companies transacting or being organized […]
(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 […]
(215 ILCS 5/Art. IV heading) ARTICLE IV. RECIPROCALS (Article scheduled to be repealed on January 1, 2027) (215 ILCS 5/61) (from Ch. 73, par. 673) (Section scheduled to be repealed on January 1, 2027) Sec. 61. Scope of Article. (1) This Article shall apply to all reciprocals transacting or being organized to transact any […]
(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 […]
(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 […]
(215 ILCS 5/Art. V heading) ARTICLE V. LLOYDS (Article scheduled to be repealed on January 1, 2027) (215 ILCS 5/86) (from Ch. 73, par. 698) (Section scheduled to be repealed on January 1, 2027) Sec. 86. Scope of Article. (1) This Article applies to all groups including incorporated and individual unincorporated underwriters transacting an […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
