Illinois Compiled Statutes 215 Insurance: Article -

• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 1
  Short title. This Act may be cited as the Reinsurance Intermediary Act. (Source: P.A. 87-108.)
• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 5
  Definitions. "Actuary" means a person who is a member in good standing of the American Academy of Actuaries. "Controlling person" means any person, firm,...
• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 10
  Licensure. (a) No person, firm, association, or corporation that maintains an office, officer, director, agent, or employee, directly or indirectly, in this State shall...
• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 15
  Required contract provisions; reinsurance intermediary brokers. Transactions between an intermediary broker and the insurer it represents in that capacity shall be entered into only...
• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 20
  Books and records; reinsurance intermediary brokers. (a) For at least 10 years after expiration of each contract of reinsurance transacted by it, the intermediary broker...
• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 25
  Duties of insurers utilizing the services of a reinsurance intermediary broker. (a) An insurer shall not engage the services of any person, firm, association,...
• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 30
  Required contract provisions; reinsurance intermediary managers. Transactions between an intermediary manager and the reinsurer it represents in that capacity shall only be entered into...
• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 35
  Books and records; reinsurance intermediary managers. (a) For at least 10 years after expiration of each contract of reinsurance transacted by it, the intermediary...
• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 40
  Prohibited acts. An intermediary manager shall not: (1) Cede retrocessions on behalf of the reinsurer, except that it may cede facultative retrocessions pursuant to...
• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 45
  Duties of reinsurers utilizing the services of a reinsurance intermediary manager. (a) A reinsurer shall not engage the services of any person, firm, association, or...
• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 50
  Examination authority. (a) A reinsurance intermediary shall be subject to examination by the Director. The Director shall have access to all books, bank accounts,...
• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 55
  Penalties and liabilities. (a) If the Director determines that a reinsurance intermediary has not materially complied with this Act or any regulation or Order...
• Illinois Reinsurance Intermediary Act. - 215 ILCS 100, Section 60
  Rules and regulations. The Director may adopt reasonable rules and regulations for the implementation and administration of the provisions of this Act. (Source: P.A.

Last modified: February 18, 2015