Illinois Compiled Statutes 215 ILCS 5 Illinois Insurance Code. Section 197

    (215 ILCS 5/197) (from Ch. 73, par. 809)

    Sec. 197. Rights, powers, and duties ancillary to domiciliary proceeding.

     The rights, powers, and duties of the Director as conservator, rehabilitator, or liquidator, with reference to the assets of a foreign or alien company, whether authorized or unauthorized, shall be ancillary to the rights, powers and duties imposed upon any receiver or other person, if any, in charge of the property, business and affairs of such company in its domiciliary state or country.

(Source: P.A. 86-1154; 86-1156.)

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Last modified: February 18, 2015