Chapter 215 — INSURANCE

(215 ILCS 5/108) (from Ch. 73, par. 720) (Section scheduled to be repealed on January 1, 2027) Sec. 108.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 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(215 ILCS 5/109) (from Ch. 73, par. 721) (Section scheduled to be repealed on January 1, 2027) Sec. 109.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(215 ILCS 5/11) (from Ch. 73, par. 623) (Section scheduled to be repealed on January 1, 2027) Sec. 11.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(215 ILCS 5/110) (from Ch. 73, par. 722) (Section scheduled to be repealed on January 1, 2027) Sec. 110.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, 2027) 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, 2027) 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, 2027) 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, 2027) 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, 2027) 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, 2027) 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 5/116) (from Ch. 73, par. 728) (Section scheduled to be repealed on January 1, 2027) 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, 2027) 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, 2027) 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, 2027) 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 5/12) (from Ch. 73, par. 624) (Section scheduled to be repealed on January 1, 2027) 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 5/120) (from Ch. 73, par. 732) (Section scheduled to be repealed on January 1, 2027) 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 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…

(215 ILCS 5/1204) (from Ch. 73, par. 1065.904) Sec. 1204. (A) The Director shall promulgate rules and regulations which shall require each insurer licensed to write property or casualty insurance in the State and each syndicate doing business on the Illinois Insurance Exchange to…

(215 ILCS 5/1205) (from Ch. 73, par. 1065.905) Sec. 1205. Employees and Professional Consultants. The Department may employ and fix the compensation of such employees, and may enter into contractual agreements with technical and professional consultants as it deems necessary to e…

(215 ILCS 5/1206) (from Ch. 73, par. 1065.906) Sec. 1206. Expenses. The companies required to file reports under this Article shall pay a reasonable fee established by the Director sufficient to cover the total cost of the Department incident to or associated with the administrat…

(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 certificate…

(215 ILCS 5/121-1) (from Ch. 73, par. 733-1) Sec. 121-1. Purpose of Article. The purpose of this Article is to subject certain insurers to the jurisdiction of the Director of Insurance and the courts of this State in suits by or on behalf of the State. The General Assembly declar…

(215 ILCS 5/121-10) (from Ch. 73, par. 733-10) Sec. 121-10. Pleadings by unauthorized insurer - bond or certificate of authority. Before any unauthorized insurer files or causes to be filed any pleading in any court action, suit or proceeding or any notice, order, pleading, or pr…

(215 ILCS 5/121-11) (from Ch. 73, par. 733-11) Sec. 121-11. Postponement of proceedings - Motions by unauthorized insurer. The Director, in any administrative proceeding in which service is made under Section 121-7, may order such postponement as may be necessary to afford the de…

(215 ILCS 5/121-12) (from Ch. 73, par. 733-12) Sec. 121-12. Enforcement by Attorney General. The Attorney General, upon request of the Director, may proceed in the courts of this State or any reciprocal State to enforce an order or decision in any court proceeding or in any admin…

(215 ILCS 5/121-13) (from Ch. 73, par. 733-13) Sec. 121-13. Definitions.) As used in this Article: (a) "Reciprocal state" means any State or territory of the United States and the laws of which contain procedures substantially similar to those specified in this Article for the en…

(215 ILCS 5/121-14) (from Ch. 73, par. 733-14) Sec. 121-14. List of reciprocal states. The Director shall determine which States and territories qualify as reciprocal States and shall maintain at all times an up-to-date list of those States. (Source: P.A. 77-1565.)

(215 ILCS 5/121-15) (from Ch. 73, par. 733-15) Sec. 121-15. Filing and status of foreign judgments.) A copy of any foreign judgment authenticated in accordance with the statutes of this State may be filed in the office of the clerk of any circuit court of this State. The clerk, u…

(215 ILCS 5/121-16) (from Ch. 73, par. 733-16) Sec. 121-16. Notice of filing.) At the time of the filing of a foreign judgment, the Attorney General shall make and file with the clerk of the court an affidavit setting forth the name and last known post office address of the defen…

(215 ILCS 5/121-17) (from Ch. 73, par. 733-17) Sec. 121-17. Stay.) If the defendant shows the circuit court that an appeal from the foreign judgment is pending or will be taken, or that a stay of enforcement has been granted, the court shall stay enforcement of the foreign judgme…

(215 ILCS 5/121-18) (from Ch. 73, par. 733-18) Sec. 121-18. Fees. Any person filing a foreign judgment must pay to the clerk of the court such fees as may apply in other cases. Fees for docketing, transcription or other enforcement proceedings shall be as provided for judgment of…

(215 ILCS 5/121-19) (from Ch. 73, par. 733-19) Sec. 121-19. Fine for unauthorized insurance. Any unauthorized insurer who transacts any unauthorized act of an insurance business as set forth in this Act is guilty of a business offense and may be fined not more than $20,000. (Sour…

(215 ILCS 5/121-2) (from Ch. 73, par. 733-2) Sec. 121-2. Transacting business without certificate of authority prohibited - Exempt transactions. It is unlawful for any insurer to transact insurance business in this State, (as described in Section 121-3,) without a certificate of …

(215 ILCS 5/121-2.01) (from Ch. 73, par. 733-2.01) Sec. 121-2.01. The lawful transaction of business under Section 445. (Source: P.A. 77-1565.)

(215 ILCS 5/121-2.02) (from Ch. 73, par. 733-2.02) Sec. 121-2.02. The lawful transaction of reinsurance by insurers. (Source: P.A. 77-1565.)

(215 ILCS 5/121-2.03) (from Ch. 73, par. 733-2.03) Sec. 121-2.03. Transactions in this State involving a policy lawfully solicited, written, and delivered outside of this State covering only subjects of insurance not resident, located, or expressly to be performed in this State a…

(215 ILCS 5/121-2.04) (from Ch. 73, par. 733-2.04) Sec. 121-2.04. Attorneys acting in the ordinary relation of attorney and client in the adjustment of claims or losses. (Source: P.A. 77-1565.)

(215 ILCS 5/121-2.05) (from Ch. 73, par. 733-2.05) Sec. 121-2.05. Group insurance policies issued and delivered in other State-Transactions in this State. With the exception of insurance transactions authorized under Sections 230.2 or 367.3 of this Code or transactions described …