(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. […]
(215 ILCS 5/Art. X heading) ARTICLE X. MERGER, CONSOLIDATION OR PLANS OF EXCHANGE (215 ILCS 5/156) (from Ch. 73, par. 768) Sec. 156. Merger and consolidation permitted. (a) Upon complying with the provisions of this article, any domestic company, except a Lloyds, is hereby authorized and empowered to merge or consolidate with any domestic […]
(215 ILCS 5/Art. XI heading) ARTICLE XI. REINSURANCE (215 ILCS 5/173) (from Ch. 73, par. 785) Sec. 173. Reinsurance authorized. (a) Subject to the provisions of this Article, any domestic company may, by a reinsurance agreement, accept any part or all of any risks of the kind which it is authorized to insure and […]
(215 ILCS 5/Art. XI.5 heading) ARTICLE XI 1/2. PROTECTED CELL COMPANIES (215 ILCS 5/179A-1) Sec. 179A-1. Short title. This Article may be cited as the Protected Cell Company Law. (Source: P.A. 91-278, eff. 7-23-99.) (215 ILCS 5/179A-5) Sec. 179A-5. Purpose. This Article is adopted to provide a basis for the creation of protected […]
(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 […]
(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 […]
(215 ILCS 5/Art. XII.5 heading) ARTICLE XII 1/2. CORRECTIVE ORDERS (215 ILCS 5/186.1) (from Ch. 73, par. 798.1) Sec. 186.1. Supervision by the Director. (1)If the Director determines that any domestic insurance company is operating in a manner, that could lead to, or is in, a financial condition, which if continued would make it […]
(215 ILCS 5/Art. XIII heading) ARTICLE XIII. REHABILITATION, LIQUIDATION, CONSERVATION AND DISSOLUTION OF COMPANIES (215 ILCS 5/187) (from Ch. 73, par. 799) Sec. 187. Scope of Article. (1) This Article shall apply to every corporation, association, society, order, firm, company, partnership, individual, and aggregation of individuals to which any Article of this Code is […]
(215 ILCS 5/Art. XIII.5 heading) ARTICLE XIII 1/2. UNIFORM PROVISIONS FOR LIQUIDATION (215 ILCS 5/221.1) (from Ch. 73, par. 833.1) Sec. 221.1. Definitions. For the purposes of Sections 221.1 to 221.10, both inclusive, the following terms have the following meanings; (1) “Reciprocal State” means a state wherein: (a) it is provided by law that […]
(215 ILCS 5/Art. XIV heading) ARTICLE XIV. LEGAL RESERVE LIFE INSURANCE (215 ILCS 5/222) (from Ch. 73, par. 834) Sec. 222. Scope of article. This article shall apply to all stock and mutual legal reserve life companies, and to the extent provided in section 281 to assessment legal reserve life companies, authorized to transact […]
(215 ILCS 5/Art. XIV.5 heading) ARTICLE XIV 1/2. SEPARATE ACCOUNTS (215 ILCS 5/245.21) (from Ch. 73, par. 857.21) Sec. 245.21. Establishment of separate accounts by domestic companies organized to do a life, annuity, or accident and health insurance business. A domestic company, including for the purposes of this Article all domestic fraternal benefit societies, […]
(215 ILCS 5/Art. XIX heading) ARTICLE XIX. BURIAL SOCIETIES (215 ILCS 5/338) (from Ch. 73, par. 950) Sec. 338. Scope of Article. (1) This Article shall apply to: (a) all societies organized or operating, prior to the effective date of this Code, under an Act entitled “An Act relating to burial insurance societies”, approved […]
(215 ILCS 5/Art. XIXA heading) ARTICLE XIXA. LONG-TERM CARE INSURANCE (215 ILCS 5/351A-1) (from Ch. 73, par. 963A-1) Sec. 351A-1. Definitions. Unless the context requires otherwise, in this Article: (a) “Long-term care insurance” means any accident and health insurance policy or rider advertised, marketed, offered or designed to provide coverage for not less than […]
(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 […]
(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 […]
(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 […]
(215 ILCS 5/Art. XLIII heading) ARTICLE XLIII. Mortgage Insurance Consolidation (215 ILCS 5/1300) (from Ch. 73, par. 1065.1000) Sec. 1300. Title. This Article may be cited as the Mortgage Insurance Consolidation Law. (Source: P.A. 86-378.) (215 ILCS 5/1301) (from Ch. 73, par. 1065.1001) Sec. 1301. Purpose. The purpose of this Article is to […]
(215 ILCS 5/Art. XLIV heading) Article XLIV. FINANCIAL INSTITUTIONS INSURANCE SALES LAW (215 ILCS 5/1400) Sec. 1400. Title. This Article may be cited as the Financial Institutions Insurance Sales Law. (Source: P.A. 90-41, eff. 10-1-97.) (215 ILCS 5/1401) Sec. 1401. Purpose. The purpose of this Article is to increase the availability of insurance […]
(215 ILCS 5/Art. XLV heading) ARTICLE XLV. PUBLIC ADJUSTERS (Source: P.A. 96-1332, eff. 1-1-11.) (215 ILCS 5/1501) Sec. 1501. Short title. This Article may be cited as the Public Adjusters Law. (Source: P.A. 96-1332, eff. 1-1-11.) (215 ILCS 5/1505) Sec. 1505. Purpose and scope. This Article governs the qualifications and procedures for the […]
(215 ILCS 5/Art. XLVI heading) ARTICLE XLVI. TRAVEL INSURANCE (Source: P.A. 102-212, eff. 10-28-21.) (215 ILCS 5/1620) Sec. 1620. Short title. This Article may be cited as the Travel Insurance Act. (Source: P.A. 102-212, eff. 10-28-21.) (215 ILCS 5/1625) Sec. 1625. Scope and purposes. (a) The purpose of this Article is to promote […]
