Definition

215 ILCS 5/389, under Casualty Insurance, Fidelity Bonds And Surety Contracts.

215 ILCS 5/389

(215 ILCS 5/389) (from Ch. 73, par. 1001)

    Sec. 389. Definition.

    Fidelity and surety business specified in paragraph (g) of Class 2 of section 4 shall be known as surety business, and the obligations connected therewith as suretyship obligations notwithstanding any other designation or classification contained in this Code to the contrary.

(Source: Laws 1937, p. 696.)