Chapter 215, INSURANCE

(215 ILCS 5/105) (from Ch. 73, par. 717) (Section scheduled to be repealed on January 1, 2037) Sec. 105. Director as agent; service of process. (1) The attorney-in-fact of every Lloyds transacting business in this State shall file with the Director a duly executed instrument wher…

(215 ILCS 159/105) Sec. 105. Application of this Act. Notwithstanding any other provisions of this Act, nothing in this Act shall apply in the following instances: (i) The purchase of the cash value of a life insurance policy and rights impacting the cash value, including death b…

(215 ILCS 134/105) Sec. 105. Administration and enforcement. The Director of Insurance may adopt rules necessary to implement the Department's responsibilities under this Act. To enforce the provisions of this Act, the Director may issue a cease and desist order or require a heal…

(215 ILCS 5/106) (from Ch. 73, par. 718) (Section scheduled to be repealed on January 1, 2037) Sec. 106. Penalties. It shall be unlawful for any person to act as an underwriter of or attorney-in-fact for a Lloyds except in accordance with the provisions of this Article, and any p…

(215 ILCS 5/107) (from Ch. 73, par. 719) (Section scheduled to be repealed on January 1, 2037) Sec. 107. Application of other Code provisions. Unless otherwise provided in this Article, every Lloyds shall be subject to other applicable provisions of this Code. (Source: Laws 1937,…

(215 ILCS 5/108) (from Ch. 73, par. 720) (Section scheduled to be repealed on January 1, 2037) Sec. 108. Companies that may be admitted to do business. (1) Upon complying with the provisions of this Article, a foreign or alien company organized as a stock company, mutual company,…

(215 ILCS 5/109) (from Ch. 73, par. 721) (Section scheduled to be repealed on January 1, 2037) Sec. 109. Application for certificate of authority. (1) A foreign or alien company in order to procure a certificate of authority to transact business in this State shall make applicati…

(215 ILCS 150/11) (from Ch. 148, par. 211) Sec. 11. In case any trustee shall be removed, resign, or cease to serve for any reason, no less than a majority of the beneficiaries shall appoint a successor. (Source: P.A. 80-530.)

(215 ILCS 159/11) Sec. 11. Viatical settlement broker training requirements. (a) Viatical settlement broker training shall be required as follows: (1) An individual may not sell, solicit, or negotiate viatical settlement contracts unless the individual is licensed as a life insur…

(215 ILCS 110/11) (from Ch. 32, par. 690.11) Sec. 11. "Director" means the Director of Insurance of the State of Illinois. (Source: Laws 1965, p. 2179.)

(215 ILCS 5/11) (from Ch. 73, par. 623) (Section scheduled to be repealed on January 1, 2037) Sec. 11. Executive committee. If the by-laws of any company subject to the provisions of this article, so provide, the board of directors, by a resolution adopted by a majority of the wh…

(215 ILCS 155/11) (from Ch. 73, par. 1411) Sec. 11. Statutory premium reserve. (a) A domestic title insurance company shall establish and maintain a statutory premium reserve computed in accordance with this Section. The reserve shall be reported as a liability of the title insur…

(215 ILCS 120/11) (from Ch. 73, par. 1261) Sec. 11. Premium and assessments. The company shall collect from its members such premiums, fees and assessments as the directors shall find necessary or as prescribed in the bylaws. Every policy issued pursuant to this Act shall contain…

(215 ILCS 165/11) (from Ch. 32, par. 605) Sec. 11. Examination of corporations. The Director shall have with respect to health services plan corporations the powers of examination conferred upon him relative to insurance companies by Sections 132 through 132.7 of the Illinois Ins…

(215 ILCS 105/11) (from Ch. 73, par. 1311) Sec. 11. Plan notice. On and after the date the Illinois Comprehensive Health Insurance Plan becomes operational as provided in this Act, every insurer licensed to issue, and which issues for delivery, policies of accident and health ins…

(215 ILCS 134/110) Sec. 110. Applicability and scope. This Act applies to policies and contracts amended, delivered, issued, or renewed on or after the effective date of this Act. This Act does not diminish a health care plan's duties and responsibilities under other federal or S…

(215 ILCS 5/110) (from Ch. 73, par. 722) (Section scheduled to be repealed on January 1, 2037) Sec. 110. Delivery to director of application and documents. There shall be delivered to the Director (a) the application of the company for a certificate of authority; (b) a copy of it…

(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 Act, as now…

(215 ILCS 5/1102) (from Ch. 73, par. 1065.802) Sec. 1102. Definitions. As used in this Article, the following terms have the following meanings: (1) "Banking association" means any Illinois corporation, whether for-profit or not-for-profit, which functions as a professional or tr…

(215 ILCS 5/1103) (from Ch. 73, par. 1065.803) Sec. 1103. Name. The corporate name of any trust organized under this Article shall not be the same as or deceptively similar to the name of any domestic insurance company or of any foreign or alien insurance company authorized to tr…

(215 ILCS 5/1104) (from Ch. 73, par. 1065.804) Sec. 1104. Principal Office and Place of Business. The principal office of any trust organized under this Article shall be located in this State. (Source: P.A. 84-1431.)

(215 ILCS 5/1105) (from Ch. 73, par. 1065.805) Sec. 1105. Risk Retention Trust. (1) Any banking association which has been in existence for a period of not less than 2 years may create a risk retention trust for the pooling of risks in order to provide casualty coverage authorize…

(215 ILCS 5/1106) (from Ch. 73, par. 1065.806) Sec. 1106. Trust - Participation. (1) A banking association and its member banks may participate in any trust created under this Article if it: (a) Meets the underwriting standards for acceptance into the trust; (b) Files a written a…

(215 ILCS 5/1107) (from Ch. 73, par. 1065.807) Sec. 1107. Trust - Coverage Grants - Payment of Claims. (1) No risk retention trust created under this Article may issue coverage grants until it has procured 100 bonafide applications for coverage with the first premium contribution…

(215 ILCS 5/1108) (from Ch. 73, par. 1065.808) Sec. 1108. Trust; filing requirements; records. (1) Any risk retention trust created under this Article shall file with the Director: (a) A statement of intent to provide named coverages. (b) The trust agreement between the trust spo…

(215 ILCS 5/1109) (from Ch. 73, par. 1065.809) Sec. 1109. Illinois Insurance Guaranty Fund - Inapplicability. The provisions of Article XXXIV of this Code shall not apply to any risk retention trust created under this Article. (Source: P.A. 84-1431.)

(215 ILCS 5/111) (from Ch. 73, par. 723) (Section scheduled to be repealed on January 1, 2037) Sec. 111. Conditions of issuance of certificate of authority. (1) Before a certificate of authority to transact business in this State is issued to a foreign or alien company, such comp…

(215 ILCS 5/112) (from Ch. 73, par. 724) (Section scheduled to be repealed on January 1, 2037) Sec. 112. Service of process - Director as attorney. (1) Every foreign or alien company desiring to transact business in this State shall file with the Director a duly executed instrume…

(215 ILCS 5/113) (from Ch. 73, par. 725) (Section scheduled to be repealed on January 1, 2037) Sec. 113. When certificate of authority to issue. When a foreign or alien company has complied with the requirements of this Article and all other requirements imposed on such company b…

(215 ILCS 5/113.1) (from Ch. 73, par. 725.1) (Section scheduled to be repealed on January 1, 2037) Sec. 113.1. Effect of acceptance of certificate of authority. (1) No foreign or alien company which accepts a certificate of authority or renewal certificate of authority to transac…

(215 ILCS 5/114) (from Ch. 73, par. 726) (Section scheduled to be repealed on January 1, 2037) Sec. 114. Renewal of certificate of authority. (1) The Director shall renew for one year the certificate of authority of a foreign or alien company on the first day of July of the calen…

(215 ILCS 5/115) (from Ch. 73, par. 727) (Section scheduled to be repealed on January 1, 2037) Sec. 115. Amended certificate of authority. (1) In the event that a foreign or alien company authorized to transact business in this State changes its name or desires to transact in thi…

(215 ILCS 134/115) Sec. 115. Effect on benefits under Workers' Compensation Act and Workers' Occupational Diseases Act. Nothing in this Act shall be construed to expand, modify, or restrict the health care benefits provided to employees under the Workers' Compensation Act and Wor…

(215 ILCS 5/116) (from Ch. 73, par. 728) (Section scheduled to be repealed on January 1, 2037) Sec. 116. Amendments to articles of incorporation. Whenever the articles of incorporation or articles of association of a foreign or alien company authorized to transact business in thi…

(215 ILCS 5/117) (from Ch. 73, par. 729) (Section scheduled to be repealed on January 1, 2037) Sec. 117. Merger or consolidation. (1) Whenever a foreign or alien company authorized to transact business in this State shall be the surviving company of a statutory merger permitted b…

(215 ILCS 5/118) (from Ch. 73, par. 730) (Section scheduled to be repealed on January 1, 2037) Sec. 118. Withdrawal from the State. (1) Any foreign or alien company admitted to do business in this State may withdraw from this State by filing with the Director a statement of withd…

(215 ILCS 5/119) (from Ch. 73, par. 731) (Section scheduled to be repealed on January 1, 2037) Sec. 119. Revocation and suspension of certificate of authority. (1) The Director may revoke or suspend the certificate of authority of a foreign or alien company or may by order requir…

(215 ILCS 110/12) (from Ch. 32, par. 690.12) Sec. 12. All masculine pronouns may import the masculine, feminine or neuter gender. (Source: Laws 1965, p. 2179.)

(215 ILCS 150/12) (from Ch. 148, par. 212) Sec. 12. No trustees or successor trustee shall serve for more than 3 consecutive years unless he is reappointed by a majority of the beneficiaries. (Source: P.A. 80-530.)

(215 ILCS 155/12) (from Ch. 73, par. 1412) Sec. 12. Examinations; compliance. (a) The Secretary or his authorized representative shall have the power and authority, and it shall be his duty, to cause to be visited and examined annually any title insurance company doing business u…

(215 ILCS 165/12) (from Ch. 32, par. 606) Sec. 12. All rates or formula base for experience rate subscriber contracts shall be submitted to the Director prior to use. The Director may disapprove rates or formula base for rates for specific reason and must do so within 45 days of …

(215 ILCS 5/12) (from Ch. 73, par. 624) (Section scheduled to be repealed on January 1, 2037) Sec. 12. By-laws. (1) The incorporators shall adopt by-laws for the company and such by-laws may not be altered, amended, or repealed, prior to the issuance of a certificate of authority…

(215 ILCS 105/12) (from Ch. 73, par. 1312) Sec. 12. Deficit or surplus. a. If premiums or other receipts by the Board exceed the amount required for the operation of the Plan, including actual losses and administrative expenses of the Plan, the Board shall direct that the excess …

(215 ILCS 120/12) (from Ch. 73, par. 1262) Sec. 12. Investments. Without the prior approval of the Director, the funds of any company operating under or regulated by the provisions of this Act, shall be invested only in the following: (1) Direct obligations of the United States o…

(215 ILCS 5/120) (from Ch. 73, par. 732) (Section scheduled to be repealed on January 1, 2037) Sec. 120. Withdrawal of deposits. When a foreign or alien company has withdrawn from this State or has had its certificate of authority to transact business in this State revoked and su…

(215 ILCS 134/120) Sec. 120. Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 91-617, eff. 1-1-00.)

(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 purpose of this Article is to promote the public welfare by studying the relationship of insurance premium and related income as compared to insurance costs and expenses. The General Assembly finds …

(215 ILCS 5/1202) (from Ch. 73, par. 1065.902) Sec. 1202. Duties. The Director shall: (a) determine the relationship of insurance premiums and related income as compared to insurance costs and expenses and provide such information to the General Assembly and the general public; (…

(215 ILCS 5/1203) (from Ch. 73, par. 1065.903) Sec. 1203. Powers and Additional Duties. (a) The Director may enter into any agreement with any corporation, association or other entity he or she deems appropriate to undertake the process described in this Article for the compilati…