Illinois Compiled Statutes 215 Insurance: Article XLI - Risk Retention Arrangements For Banking Associations

• Illinois Insurance Code. - 215 ILCS 5, Section 1101
  Scope of Article. This Article applies only to trusts sponsored by domestic banking associations and organized under this Article to provide casualty insurance authorized...
• Illinois Insurance Code. - 215 ILCS 5, Section 1102
  Definitions. As used in this Article, the following terms have the following meanings: (1) "Banking association" means any Illinois corporation, whether for-profit or not-for-profit,...
• Illinois Insurance Code. - 215 ILCS 5, Section 1103
  Name. The corporate name of any trust organized under this Article shall not be the same as or deceptively similar to the name of...
• Illinois Insurance Code. - 215 ILCS 5, Section 1104
  Principal Office and Place of Business. The principal office of any trust organized under this Article shall be located in this State. (Source: P.A.
• Illinois Insurance Code. - 215 ILCS 5, Section 1105
  Risk Retention Trust. (1) Any banking association which has been in existence for a period of not less than 2 years may create a...
• Illinois Insurance Code. - 215 ILCS 5, Section 1106
  Trust - Participation. (1) A banking association and its member banks may participate in any trust created under this Article if it: (a) Meets...
• Illinois Insurance Code. - 215 ILCS 5, Section 1107
  Trust - Coverage Grants - Payment of Claims. (1) No risk retention trust created under this Article may issue coverage grants until it has...
• Illinois Insurance Code. - 215 ILCS 5, Section 1108
  Trust; filing requirements; records. (1) Any risk retention trust created under this Article shall file with the Director: (a) A statement of intent to...
• Illinois Insurance Code. - 215 ILCS 5, Section 1109
  Illinois Insurance Guaranty Fund - Inapplicability. The provisions of Article XXXIV of this Code shall not apply to any risk retention trust created under...

Last modified: February 18, 2015