Chapter 215 — INSURANCE

(215 ILCS 5/460) (from Ch. 73, par. 1065.7) Sec. 460. (Repealed). (Source: P.A. 99-642, eff. 7-28-16. Repealed by P.A. 100-1118, eff. 2-1-19.)

(215 ILCS 5/461) (from Ch. 73, par. 1065.8) Sec. 461. Appeal by minority. Any member of or subscriber to a rating organization may appeal to the Director from the action or decision of such rating organization in approving or rejecting any proposed change in or addition to the fi…

(215 ILCS 5/462) (from Ch. 73, par. 1065.9) Sec. 462. Information to be furnished insureds - Hearings and appeals of insureds. Every rating organization, and every company which does not adopt the rates of a rating organization, shall, within a reasonable time after receiving wri…

(215 ILCS 5/462a) Sec. 462a. Premium increase notice. A policy of workers' compensation insurance issued, delivered, amended, or renewed on or after January 1, 2019 shall remain in full force and effect subject to the same terms and conditions, loss cost multipliers, and classifi…

(215 ILCS 5/462b) (from Ch. 73, par. 1065.9b) Sec. 462b. Insurance companies shall apply correct classifications, payrolls and other factors of a rating system to compute premiums. If the application of incorrect classifications, payrolls or any other factors of a rating system r…

(215 ILCS 5/463) (from Ch. 73, par. 1065.10) Sec. 463. Advisory organizations. (1) Every group, association or other organization of companies whether located within or outside this state, which assists companies which make their own filings or rating organizations in rate making…

(215 ILCS 5/464) (from Ch. 73, par. 1065.11) Sec. 464. Joint underwriting or joint reinsurance. (1) Every group, association or other organization of companies which engages in joint underwriting or joint reinsurance, shall be subject to regulation with respect thereto as herein …

(215 ILCS 5/464a) (from Ch. 73, par. 1065.11a) Sec. 464a. (Repealed). (Source: P.A. 81-1482. Repealed by P.A. 91-757, eff. 1-1-01.)

(215 ILCS 5/465) (from Ch. 73, par. 1065.12) Sec. 465. Examinations. The Director shall, at least once in five years, make or cause to be made an examination of each rating organization licensed in this state as provided in Section 459 and he may, as often as he may deem it exped…

(215 ILCS 5/466) (from Ch. 73, par. 1065.13) Sec. 466. Rate administration. (1) Recording and Reporting of Loss and Expense Experience. The Director shall promulgate reasonable rules and shall approve statistical plans, reasonably adapted to each of the rating systems on file wit…

(215 ILCS 5/467) (from Ch. 73, par. 1065.14) Sec. 467. False or misleading information. No person, company or organization shall wilfully withhold information from, or knowingly give false or misleading information to the Director, any statistical agency designated by the Directo…

(215 ILCS 5/468) (from Ch. 73, par. 1065.15) Sec. 468. Residual Market Mechanism. All companies licensed to write workers' compensation and employers' liability insurance in this State shall participate in a plan providing for the equitable apportionment among them of insurance w…

(215 ILCS 5/469) (from Ch. 73, par. 1065.16) Sec. 469. Rebates prohibited. No broker or agent shall knowingly charge, demand, or receive a premium for any policy of insurance except in accordance with the provisions of this Article. No company or employee thereof, and no broker o…

(215 ILCS 5/47) (from Ch. 73, par. 659) (Section scheduled to be repealed on January 1, 2027) Sec. 47. Publication of intention. (1) Upon compliance with the provisions of Section 45, the incorporators shall cause to be published in a newspaper of general circulation in this Stat…

(215 ILCS 5/470) (from Ch. 73, par. 1065.17) Sec. 470. Penalties. Any person, company or organization violating any provision of this Article shall be guilty of a petty offense for each such violation, provided that a series of acts or events based upon the same alleged violation…

(215 ILCS 5/471) (from Ch. 73, par. 1065.18) Sec. 471. Hearing procedure and judicial review. (1) Any company or rating organization aggrieved by any order or decision of the Director made without a hearing, may, within 30 days after notice of the order to the company or organiza…

(215 ILCS 5/48) (from Ch. 73, par. 660) (Section scheduled to be repealed on January 1, 2027) Sec. 48. Approval of documents. The documents and papers so delivered to the Director may be approved or disapproved by the Director and the incorporators are entitled to a hearing in th…

(215 ILCS 5/49) (from Ch. 73, par. 661) (Section scheduled to be repealed on January 1, 2027) Sec. 49. Recording of articles of incorporation. The duplicate original of the articles of incorporation returned by the Director shall be filed for record, within 15 days after it is de…

(215 ILCS 5/490.1) (from Ch. 73, par. 1065.37-1) Sec. 490.1. (Repealed). (Source: P.A. 83-801. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/491.1) (from Ch. 73, par. 1065.38-1) Sec. 491.1. (Repealed). (Source: P.A. 91-234, eff. 1-1-00. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/492.2) (from Ch. 73, par. 1065.39-2) Sec. 492.2. (Repealed). (Source: P.A. 91-234, eff. 1-1-00. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/493.1) (from Ch. 73, par. 1065.40-1) Sec. 493.1. (Repealed). (Source: P.A. 83-749. Repealed by P.A. 90-499, eff. 8-19-97.)

(215 ILCS 5/493.2) (from Ch. 73, par. 1065.40-2) Sec. 493.2. (Repealed). (Source: P.A. 85-334. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/494.1) (from Ch. 73, par. 1065.41-1) Sec. 494.1. (Repealed). (Source: P.A. 91-234, eff. 1-1-00. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/494.2) (from Ch. 73, par. 1065.41-2) Sec. 494.2. (Repealed). (Source: P.A. 87-1216. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/495.1) (from Ch. 73, par. 1065.42-1) Sec. 495.1. (Repealed). (Source: P.A. 86-600. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/495.2) Sec. 495.2. (Repealed). (Source: P.A. 91-234, eff. 1-1-00. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/496.2) (from Ch. 73, par. 1065.43-2) Sec. 496.2. (Repealed). (Source: P.A. 91-234, eff. 1-1-00. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/497.1) (from Ch. 73, par. 1065.44-1) Sec. 497.1. (Repealed). (Source: P.A. 91-234, eff. 1-1-00. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/497.2) (from Ch. 73, par. 1065.44-2) Sec. 497.2. (Repealed). (Source: P.A. 87-601. Repealed by P.A. 89-265, eff. 1-1-96.)

(215 ILCS 5/498.1) (from Ch. 73, par. 1065.45-1) Sec. 498.1. (Repealed). (Source: P.A. 88-313. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/499.1) (from Ch. 73, par. 1065.46-1) Sec. 499.1. (Repealed). (Source: P.A. 91-234, eff. 1-1-00. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/5) (from Ch. 73, par. 617) Sec. 5. Classes of companies. (1) All Companies now or hereafter authorized to transact business in this State shall be classified according to their functions into one or more of the classes of insurance enumerated in section 4. (2) No comp…

(215 ILCS 5/5.5) Sec. 5.5. Compliance with the Department of Healthcare and Family Services. A company authorized to do business in this State or accredited by the State to issue policies of health insurance, including but not limited to, self-insured plans, group health plans (a…

(215 ILCS 5/50) (from Ch. 73, par. 662) (Section scheduled to be repealed on January 1, 2027) Sec. 50. Authority to solicit subscriptions to surplus. (1) Upon the approval of the articles of incorporation by the Director he shall issue to the company a permit which shall expire a…

(215 ILCS 5/500-10) (Section scheduled to be repealed on January 1, 2027) Sec. 500-10. Definitions. In addition to the definitions in Section 2 of the Code, the following definitions apply to this Article: "Business entity" means a corporation, association, partnership, limited l…

(215 ILCS 5/500-100) (Section scheduled to be repealed on January 1, 2027) Sec. 500-100. Limited lines producer license. (a) An individual who is at least 18 years of age and whom the Director considers to be competent, trustworthy, and of good business reputation may obtain a li…

(215 ILCS 5/500-105) (Section scheduled to be repealed on January 1, 2027) Sec. 500-105. Car rental limited line license for rental companies. (a) A rental company must obtain a producer license or obtain a car rental limited line license before offering or selling insurance in c…

(215 ILCS 5/500-107) (Section scheduled to be repealed on January 1, 2027) Sec. 500-107. Self-service storage facility limited line license for self-storage facilities. (a) Except as permitted by subsection (j) of this Section, a self-service storage facility must obtain a produc…

(215 ILCS 5/500-108) Sec. 500-108. (Repealed). (Source: P.A. 98-1165, eff. 6-1-15. Repealed by P.A. 102-212, eff. 10-28-21.)

(215 ILCS 5/500-110) (Section scheduled to be repealed on January 1, 2027) Sec. 500-110. Regulatory examinations. (a) The Director may examine any applicant for or holder of an insurance producer license, limited line producer license or temporary insurance producer license or an…

(215 ILCS 5/500-115) (Section scheduled to be repealed on January 1, 2027) Sec. 500-115. Financial responsibilities. (a) Any money that an insurance producer, limited line producer, temporary insurance producer, business entity, or surplus line producer receives for soliciting, n…

(215 ILCS 5/500-120) (Section scheduled to be repealed on January 1, 2027) Sec. 500-120. Conflicts of interest; inactive status. (a) A person, partnership, association, or corporation licensed by the Department who, due to employment with any unit of government that would cause a…

(215 ILCS 5/500-125) (Section scheduled to be repealed on January 1, 2027) Sec. 500-125. Controlled business. (a) An insurance producer license may not be granted or extended to any person if the Director has reasonable cause to believe: (1) that during either of the 2 calendar y…

(215 ILCS 5/500-130) (Section scheduled to be repealed on January 1, 2027) Sec. 500-130. Bond required of insurance producers. (a) An insurance producer who places insurance either directly or indirectly with an insurer with which the insurance producer does not have an agency co…

(215 ILCS 5/500-135) (Section scheduled to be repealed on January 1, 2027) Sec. 500-135. Fees. (a) The fees required by this Article are as follows: (1) a fee of $215 for a person who is a resident of Illinois, and $380 for a person who is not a resident of Illinois, payable once…

(215 ILCS 5/500-140) (Section scheduled to be repealed on January 1, 2027) Sec. 500-140. Injunctive relief. A person required to be licensed under this Article but failing to obtain a valid and current license under this Article constitutes a public nuisance. The Director may rep…

(215 ILCS 5/500-145) (Section scheduled to be repealed on January 1, 2027) Sec. 500-145. Rules. The Director may, in accordance with Section 401 of this Code, promulgate reasonable rules as are necessary or proper to carry out the purposes of this Article. (Source: P.A. 92-386, e…

(215 ILCS 5/500-15) (Section scheduled to be repealed on January 1, 2027) Sec. 500-15. License required. (a) A person may not sell, solicit, or negotiate insurance in this State for any class or classes of insurance unless the person is licensed for that line of authority in acco…

(215 ILCS 5/500-150) (Section scheduled to be repealed on January 1, 2027) Sec. 500-150. Severability. The provisions of this Article are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 92-386, eff. 1-1-02.)