Illinois Compiled Statutes 215 Insurance: Article VIII - Investments Of Domestic Companies

• Illinois Insurance Code. - 215 ILCS 5, Section 124
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.1
  (Repealed). (Source: P.A. 86-1156. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.2
  (Repealed). (Source: P.A. 89-97, eff. 7-7-95. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.3
  (Repealed). (Source: P.A. 87-757. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.4
  (Repealed). (Source: Laws 1963, p. 3139. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.5
  (Repealed). (Source: Laws 1963, p. 3139. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.6
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.7
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.7a
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.7b
  (Repealed). (Source: P.A. 85-1186. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.7c
  (Repealed). (Source: P.A. 83-695. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.8
  (Repealed). (Source: P.A. 83-695. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.9
  (Repealed). (Source: Laws 1963, p. 3139. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.9a
  (Repealed). (Source: P.A. 83-695. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.10
  (Repealed). (Source: P.A. 86-1156. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.10a
  (Repealed). (Source: P.A. 86-1156. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.10b
  (Repealed). (Source: P.A. 83-695. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.11
  (Repealed). (Source: P.A. 83-695. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.12
  (Repealed). (Source: Laws 1963, p. 3139. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.13
  (Repealed). (Source: Laws 1963, p. 3139. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.13a
  (Repealed). (Source: P.A. 83-695. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.13b
  (Repealed). (Source: P.A. 83-695. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.13c
  (Repealed). (Source: P.A. 83-695. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.13d
  (Repealed). (Source: P.A. 83-695. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.13e
  (Repealed). (Source: P.A. 83-695. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.14
  (Repealed). (Source: Laws 1963, p. 3139. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.15
  (Repealed). (Source: P.A. 83-695. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 124.17
  (Repealed). (Source: P.A. 83-695. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125a
  (Repealed). (Source: P.A. 84-805. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125b
  (Repealed). (Source: P.A. 86-1156. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.1a
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.2a
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.2b
  (Repealed). (Source: Laws 1963, p. 3139. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.2c
  (Repealed). (Source: Laws 1963, p. 3139. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.2d
  (Repealed). (Source: P.A. 76-710. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.2e
  (Repealed). (Source: P.A. 77-34. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.2f
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.2g
  (Repealed). (Source: P.A. 87-575. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.3a
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.4a
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.4b
  (Repealed). (Source: P.A. 86-1156. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.5b
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.6a
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.9a
  (Repealed). (Source: P.A. 87-1090. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.9b
  (Repealed). (Source: P.A. 87-108. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.9c
  (Repealed). (Source: P.A. 89-97, eff. 7-7-95. Repealed by 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.10a
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.10c
  (Repealed). (Source: P.A. 86-1156. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.10d
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.11a
  (Repealed). (Source: P.A. 86-1156. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.12a
  (Repealed). (Source: P.A. 86-1156. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.12b
  (Repealed). (Source: P.A. 86-1475. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.12c
  (Repealed). (Source: P.A. 86-1156. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.14a
  (Repealed). (Source: P.A. 86-1475. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.15a
  (Repealed). (Source: P.A. 89-97, eff. 7-7-95. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.15b
  (Repealed). (Source: P.A. 86-1156. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.16a
  (Repealed.) (Source: P.A. 86-1156. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.17a
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.18a
  (Repealed). (Source: P.A. 86-1156. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.18b
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.19a
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.20a
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.21a
  (Repealed). (Source: P.A. 85-1186. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.22a
  (Repealed). (Source: P.A. 86-1156. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.23a
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)
• Illinois Insurance Code. - 215 ILCS 5, Section 125.24a
  (Repealed). (Source: P.A. 83-695. Repealed by P.A. 90-418, eff. 8-15-97.)

1. General Provisions

• Illinois Insurance Code. - 215 ILCS 5, Section 126.1
  Purpose and scope. A. Purpose. The purpose of this Article is to protect the interests of insureds by promoting insurer solvency and financial strength....
• Illinois Insurance Code. - 215 ILCS 5, Section 126.2
  Definitions. For purposes of this Article: A. "Acceptable collateral" means: (1) As to securities lending transactions, and for the purpose of calculating counterparty exposure...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.3
  General investment qualifications. A. Insurers may acquire, hold or invest in investments or engage in investment practices as set forth in this Article. Insurers...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.4
  Authorization of investments by the board of directors. A. Within 3 months after the effective date of this amendatory Act of 1997, an insurer's...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.5
  Prohibited investments. An insurer shall not, directly or indirectly: A. Invest in an obligation or security or make a guarantee for the benefit of...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.6
  Loans to officers and directors. A. (1) Except as provided in Section 126.6B, an insurer shall not directly or indirectly, unless it has notified...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.7
  Valuation of investments. For the purposes of this Article, the value or amount of an investment acquired or held, or an investment practice engaged...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.8
  Rules. The Director may, in accordance with Section 401 of this Code, promulgate rules implementing the provisions of this Article. (Source: P.A. 90-418, eff.

2. Life and Health Insurers

• Illinois Insurance Code. - 215 ILCS 5, Section 126.9
  Applicability. This Part shall apply to the investments and investment practices of companies authorized to transact business under Class 1 of Section 4 of...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.10
  General 3% diversification, medium and lower grade investments, and Canadian investments. A. General 3% diversification. (1) Except as otherwise specified in this Article, an...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.11
  Rated credit instruments. Subject to the limitations of subsection F of this Section, an insurer may acquire rated credit instruments: A. Subject to the...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.12
  Insurer investment pools. A. An insurer may acquire investments in investment pools that: (1) Invest only in: (a) Obligations that are rated 1 or...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.13
  Equity interests. A. Subject to the limitations of Section 126.10, an insurer may acquire directly or indirectly through an investment subsidiary, equity interests in...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.14
  Tangible personal property under lease. A. (1) Subject to the limitations of Section 126.10, an insurer may acquire tangible personal property or equity interests...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.15
  Mortgage loans and real estate. A. Mortgage loans. (1) Subject to the limitations of Section 126.10, an insurer may acquire, either directly or indirectly...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.16
  Securities lending and repurchase, reverse repurchase, and dollar roll transactions. An insurer may enter into securities lending, repurchase, reverse repurchase, and dollar roll transactions...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.17
  Foreign investments and foreign currency exposure. A. Subject to the limitations of Section 126.10, an insurer may acquire directly or indirectly through an investment...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.18
  Derivative transactions. An insurer may, directly or indirectly through an investment subsidiary, engage in derivative transactions under this Section under the following conditions: A....
• Illinois Insurance Code. - 215 ILCS 5, Section 126.19
  Policy loans. A life insurer may lend to a policyholder on the security of the cash surrender value of the policyholder's policy a sum...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.20
  Additional investment authority. A. Solely for the purpose of acquiring investments that exceed the quantitative limitations of Sections 126.10 through 126.17, an insurer may...

3. Property and Casualty Insurers

• Illinois Insurance Code. - 215 ILCS 5, Section 126.21
  Applicability. This Part 3 shall apply to the investments and investment practices of property and casualty insurers authorized to transact the kinds of insurance...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.22
  Reserve requirements. A. Reserve requirements. (1) Subject to all other limitations and requirements of this Article, a property and casualty insurer shall maintain an...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.23
  General 5% diversification, medium and lower grade investments, and Canadian investments. A. General 5% diversification. (1) Except as otherwise specified in this Article, an...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.24
  Rated credit instruments. Subject to the limitations of subsection F of this Section, an insurer may acquire rated credit instruments: A. Subject to the...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.25
  Insurer investment pools. A. An insurer may acquire investments in investment pools that: (1) Invest only in: (a) Obligations that are rated 1 or...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.26
  Equity Interests. A. Subject to the limitations of Section 126.23, an insurer may acquire directly, or indirectly through an investment subsidiary, equity interests in...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.27
  Tangible personal property under lease. A. (1) Subject to the limitations of Section 126.23, an insurer may acquire tangible personal property or equity interests...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.28
  Mortgage loans and real estate. A. Mortgage loans. (1) Subject to the limitations of Section 126.23, an insurer may acquire, either directly or indirectly...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.29
  Securities lending and repurchase, reverse repurchase, and dollar roll transactions. An insurer may enter into securities lending, repurchase, reverse repurchase, and dollar roll transactions...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.30
  Foreign investments and foreign currency exposure. A. Subject to the limitations of Section 126.23, an insurer may acquire directly or indirectly through an investment...
• Illinois Insurance Code. - 215 ILCS 5, Section 126.31
  Derivative transactions. An insurer may, directly or indirectly through an investment subsidiary, engage in derivative transactions under this Section under the following conditions: A....
• Illinois Insurance Code. - 215 ILCS 5, Section 126.32
  Additional investment authority. A. Under this Section, an insurer may acquire investments or engage in investment practices of any kind that are not specifically...

Last modified: February 18, 2015