This office lease form is a basic, but not exhaustive, checklist of issues to keep in mind when reviewing commercial office leases from both a business and a legal prospective. This checklist can serve as a starting point to assist in the review and analysis of these complex documents. Throughout this book, these issues are discussed in more detail.
Illinois Analysis Checklist
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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 whatever form is required by ...
§ 131.2. Subsidiaries. A domestic company, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries.
Under Section 155 of the Illinois Insurance Code, an insured or an assignee may recover damages from an insurer if the insurer disputes the amount of the loss payable on a claim, delays settling a claim, or refuses to provide coverage and the insurer's action or delay was unreasonable and vexatious.
215 ILCS 5/143.14 Insurer must mail cancellation notice to the named insured and to the mortgage or lien holder and send copy of such notice to the insured's broker, if known, or the agent of record, at the last mailing address known by insurer.
The Illinois Insurance Code (215 ILCS 5 / 1 et seq.)