Chapter 215, INSURANCE

(215 ILCS 5/155.47) Sec. 155.47. Prohibited practices relating to substance use disorder treatment. (a) As used in this Section, "recovery support", "substance use disorder", and "treatment" have the meanings set forth in the Substance Use Disorder Act. (b) A company authorized t…

(215 ILCS 5/155.48) Sec. 155.48. Prohibited practices relating to prescription for or obtainment of opioid antagonist. (a) As used in this Section, "opioid antagonist" means any drug that binds to opioid receptors and blocks or otherwise inhibits the effects of opioids acting on …

(215 ILCS 5/155.49) Sec. 155.49. Insurance company supplier diversity report. (a) Every company authorized to do business in this State or accredited by this State with assets of at least $50,000,000 shall submit a report on its voluntary supplier diversity program, or the compan…

(215 ILCS 5/1550) Sec. 1550. Applicant convictions. (a) The Director and the Department shall not require applicants to report the following information and shall not collect or consider the following criminal history records in connection with a public adjuster license applicati…

(215 ILCS 5/1555) Sec. 1555. License denial, nonrenewal, or revocation. (a) The Director may place on probation, suspend, revoke, deny, or refuse to issue or renew a public adjuster's license or may levy a civil penalty or any combination of actions, for any one or more of the fo…

(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 company or with any f…

(215 ILCS 5/156.1) (from Ch. 73, par. 768.1) Sec. 156.1. Acquisition by exchange of stock permitted. Any domestic stock insurance company may adopt a plan of exchange of the outstanding stock of its stockholders for the consideration herein designated to be paid or provided by a …

(215 ILCS 5/1560) Sec. 1560. Bond or letter of credit. (a) Prior to the issuance of a license as a public adjuster and for the duration of the license, the applicant shall secure evidence of financial responsibility in a format prescribed by the Director through a surety bond or …

(215 ILCS 5/1563) Sec. 1563. Fees. The fees required by this Article are as follows: (1) Public adjuster license fee of $250 for a person who is a resident of Illinois and $500 for a person who is not a resident of Illinois, payable once every 2 years. (2) Business entity license…

(215 ILCS 5/1565) Sec. 1565. Continuing education. (a) An individual who holds a public adjuster license and who is not exempt under subsection (b) of this Section shall satisfactorily complete a minimum of 24 hours of continuing education courses, including 3 hours of classroom …

(215 ILCS 5/157) (from Ch. 73, par. 769) Sec. 157. Powers of company not enlarged. Nothing in this article contained shall be construed to authorize any company to engage in any kind of insurance business not authorized by its articles of incorporation nor to authorize any foreig…

(215 ILCS 5/1570) Sec. 1570. Public adjuster fees. (a) A public adjuster shall not pay a commission, service fee, or other valuable consideration to a person for investigating or settling claims in this State if that person is required to be licensed under this Article and is not…

(215 ILCS 5/1575) Sec. 1575. Contract between public adjuster and insured. (a) Public adjusters shall ensure that all contracts for their services are in writing and contain the following terms: (1) legible full name of the adjuster signing the contract, as specified in Departmen…

(215 ILCS 5/158) (from Ch. 73, par. 770) Sec. 158. Resolutions for merger or consolidation or adoption of a plan of exchange. The Board of Directors, Trustees or other governing body of each domestic company desiring to merge or consolidate or to adopt a plan of exchange shall, b…

(215 ILCS 5/1580) Sec. 1580. Escrow or trust accounts. A public adjuster who receives, accepts, or holds any funds on behalf of an insured towards the settlement of a claim for loss or damage shall deposit the funds in a non-interest bearing escrow or trust account in a financial…

(215 ILCS 5/1585) Sec. 1585. Record retention. (a) A public adjuster shall maintain a complete record of each transaction as a public adjuster. The records required by this Section shall include the following: (1) name of the insured; (2) date, location and amount of the loss; (3…

(215 ILCS 5/159) (from Ch. 73, par. 771) Sec. 159. Vote of shareholders and policyholders. (1) The agreement of merger or consolidation shall be submitted to a vote at a meeting of the shareholders, if any, of each domestic company and at a meeting of such policyholders of each d…

(215 ILCS 5/1590) Sec. 1590. Standards of conduct of public adjuster. (a) A public adjuster is obligated, under his or her license, to serve with objectivity and complete loyalty for the interests of his client alone, and to render to the insured such information, counsel, and se…

(215 ILCS 5/1595) Sec. 1595. Reporting of actions. (a) The public adjuster shall report to the Director any administrative action taken against the public adjuster in another jurisdiction or by another governmental agency in this State within 30 days of the final disposition of t…

(215 ILCS 165/15a) (from Ch. 32, par. 609a) Sec. 15a. Dependent Coverage Termination. (a) The attainment of a limiting age under a voluntary health services plan which provides that coverage of a dependent of a subscriber terminates upon attainment of the limiting age for depende…

(215 ILCS 105/16) Sec. 16. Cessation of operations. (a) Except as otherwise provided in this Section, the insurance operations of the Plan authorized by this Act shall cease on December 31, 2021. (b) Coverage under the Plan does not apply to services provided on or after January …

(215 ILCS 5/16) (from Ch. 73, par. 628) (Section scheduled to be repealed on January 1, 2037) Sec. 16. Organization bonds. (1) The incorporators except as stated in subsection (3) of this Section, shall deliver to the Director two bonds in favor of the State of Illinois, in the p…

(215 ILCS 120/16) (from Ch. 73, par. 1266) Sec. 16. New companies prohibited. No farm mutual insurance company shall be incorporated after the effective date of this Act. (Source: P.A. 84-1431.)

(215 ILCS 110/16) (from Ch. 32, par. 690.16) Sec. 16. Nine or more natural persons of legal age, all of whom are residents of Illinois and citizens of the United States, and at least a majority of whom are dentists licensed in Illinois to practice dentistry, may form, under the p…

(215 ILCS 150/16) (from Ch. 148, par. 216) Sec. 16. The written trust instrument may provide that a beneficiary who becomes ineligible may continue to receive benefits for no longer than 90 days beyond the date the beneficiary or any trustee first discovers such ineligibility. (S…

(215 ILCS 165/16) (from Ch. 32, par. 610) Sec. 16. In every subscription certificate, referred to in Section 15: (a) All printed portions shall be plainly printed in type of which the face is not smaller than ten point; (b) There shall be a brief description of the subscription c…

(215 ILCS 155/16) (from Ch. 73, par. 1416) Sec. 16. Title insurance agents. (a) No person, firm, partnership, association, corporation or other legal entity shall act as or hold itself out to be a title insurance agent unless duly registered by a title insurance company with the …

(215 ILCS 155/16.1) Sec. 16.1. Closing or settlement protection. (a) Notwithstanding the provisions of item (iii) of paragraph (B) of subsection (1) and subsections (3) and (8) of Section 3 and Section 16 of this Act, a title insurance company or title insurance agent is not auth…

(215 ILCS 5/160) (from Ch. 73, par. 772) Sec. 160. Execution of agreement or plan of exchange by domestic company. Upon such approval of an agreement of merger or consolidation or plan of exchange it shall be executed by any domestic company party thereto by its president or a vi…

(215 ILCS 5/1600) Sec. 1600. Examinations. (a) The Director shall have the power to examine any applicant or any person licensed or registered pursuant to this Article. (b) Every person being examined and its officers, directors, and members must provide to the Director convenien…

(215 ILCS 5/1605) Sec. 1605. Injunctive relief. Any person who acts as or holds himself out to be a public adjuster without holding a valid and current license to do so is hereby declared to be inimical to the public welfare and to constitute a public nuisance. The Director may r…

(215 ILCS 5/161) (from Ch. 73, par. 773) Sec. 161. Approval and execution of agreement or plan of exchange by foreign or alien company. In the event that a foreign or alien company is a party to the agreement of merger or consolidation or plan of exchange, the agreement or plan s…

(215 ILCS 5/1610) Sec. 1610. Additional penalties. In addition to any other penalty set forth in this Article, any person violating Section 1605 of this Code shall be guilty of a Class A misdemeanor and any person misappropriating or converting any monies collected as a public ad…

(215 ILCS 5/1615) Sec. 1615. Rules. The Director shall promulgate reasonable rules as are necessary or proper to carry out the purposes of this Article. (Source: P.A. 96-1332, eff. 1-1-11.)

(215 ILCS 5/162) (from Ch. 73, par. 774) Sec. 162. Certificate of Merger or Consolidation or Plan of Exchange and Certificate of Approval. (1) Upon the execution of an agreement of merger or consolidation or plan of exchange, there shall be delivered to the Director: (a) two dupl…

(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 the public welfare by creating a comprehensive legal framework within which travel insurance may be sold in this State. (b) This Article applies to travel insurance that covers any resi…

(215 ILCS 5/163) (from Ch. 73, par. 775) Sec. 163. Date merger or consolidation or plan of exchange effected. (1) If the surviving or new company is a domestic company, the merger or consolidation is effected upon the issuance of the certificate of merger or the certificate of co…

(215 ILCS 5/1630) Sec. 1630. Definitions. As used in this Article: "Aggregator site" means a website that provides access to information regarding insurance products from more than one insurer, including product and insurer information, for use in comparison shopping. "Blanket tr…

(215 ILCS 5/1635) Sec. 1635. Licensing and registration. (a) The Director may issue to a travel insurance business entity that registers travel retailers under its license as described in paragraph (2) of subsection (c) of this Section a producer license as provided in paragraph …

(215 ILCS 5/164) (from Ch. 73, par. 776) Sec. 164. Removal of property of domestic, merged or consolidated company from this State. (1) If the surviving or new company shall be a foreign or alien company, no property of the domestic merged or consolidated company shall be removed…

(215 ILCS 5/1640) Sec. 1640. Travel protection plans. Travel protection plans may be offered for one price for the combined features that the travel protection plan offers in this State if: (1) the travel protection plan clearly discloses to the consumer, at or before the time of…

(215 ILCS 5/1645) Sec. 1645. Sales practices. (a) All persons offering travel insurance to residents of this State are subject to the Unfair Methods of Competition and Unfair and Deceptive Acts and Practices Article of this Code, except as otherwise provided in this Section. In t…

(215 ILCS 5/165) (from Ch. 73, par. 777) Sec. 165. Recording of certificate of merger or consolidation. Within 15 days after such merger or consolidation has become effective, the surviving or new company shall file for record with the recorder of the county in which the principa…

(215 ILCS 5/1650) Sec. 1650. Travel insurance administrators. (a) Notwithstanding any other provisions of this Code, no entity shall act or represent itself as a travel administrator for travel insurance in this State unless that entity: (1) is a licensed property and casualty in…

(215 ILCS 5/1655) Sec. 1655. Policy. (a) Notwithstanding any other provision of this Code, travel insurance shall be classified and filed for purposes of rates and forms under an inland marine line of insurance; however, travel insurance that provides coverage for sickness, accid…

(215 ILCS 5/166) (from Ch. 73, par. 778) Sec. 166. Effect of merger or consolidation. (1) If the surviving or new company is a domestic company, when such merger or consolidation has been effected (a) the several companies parties to the agreement of merger or consolidation shall…

(215 ILCS 5/1660) Sec. 1660. Rules. The Department may adopt rules to implement this Article. (Source: P.A. 102-212, eff. 10-28-21.)

(215 ILCS 5/167) (from Ch. 73, par. 779) Sec. 167. Rights of dissenting shareholders of domestic company. (1) If a shareholder entitled to vote of (a) a domestic company which is a party to a merger or consolidation or (b) a domestic insurance company to be acquired under a plan …

(215 ILCS 5/168) (from Ch. 73, par. 780) Sec. 168. Rights of dissenting policyholder of domestic company. (1) If not less than five per centum of all the policyholders in any domestic company who were entitled to vote with respect to any merger or consolidation and who did not vo…