Full text of legislative history behind the Insurers Rehabilitation and Liquidation Model Act.
Illinois Insurers Rehabilitation and Liquidation Model Act Legislative History
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215 ILCS 5/143(2) Director may disapprove any form that contains inconsistent, ambiguous, or misleading clauses. Applications must be filed. 50 IL Adm. Code 753 Applications must be filed, including online/electronic applications.
The compilation is known as the Illinois Compiled Statutes or ILCS and took effect January 1, 1993.
Rebates -- penalties 215 ILCS 5/151 215 ILCS 5/152 No insurer, agent or broker shall offer, give, etc., any rebate of premium, agent's commission, profits, dividends, or any special advantage in date of policy or age of issue, or any other valuable consideration or inducement, upon issuance or renewal, which is not ...
(1) Every domestic company shall keep its books, records, documents, accounts and vouchers in such manner that its financial condition, affairs and operations can be ascertained and so that its financial statements filed with the Director can be readily verified and its compliance with the law determined and may cause ...
Section 143.1 provides: "Whenever any policy or contract for insurance, except life, accident and health, fidelity and surety, and ocean marine policies, contains a provision limiting the period within which the insured may bring suit, the running of such period is tolled from the date proof of loss is filed, in ...
Any insurer insuring any person or entity against damages arising out of a vehicular crash shall disclose the dollar amount of liability coverage under the insured's personal private passenger automobile liability insurance policy upon receipt of the following: (a) a certified letter from a claimant or any attorney ...
The Illinois Insurance Code (215 ILCS 5 / 1 et seq.)