Illinois Compiled Statutes 215 Insurance: Article -

• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 1
  This Act shall be known and may be cited as the "Religious and Charitable Risk Pooling Trust Act". (Source: P.A. 80-530.)
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 2
  Authorized organizations; purpose. Any number of organizations which are all exempt from taxation under paragraph (3) of subsection (c) of Section 501 of the...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 3
  The trust fund shall be established and amended only by a written instrument which shall be filed with and approved by the Director of...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 4
  No corporation or entity shall be a beneficiary of the trust fund unless it either shall be incorporated under the laws of this State...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 5
  The trust fund is authorized to indemnify: (1) the beneficiaries thereof against the risk of loss due to damage, destruction or loss to property...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 6
  Risk pools; risk retention groups. (a) A trust fund may enter into written agreements with other trust funds established under this Act whereby the...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 7
  The trustees of all trust funds established under this Act shall be natural persons over the age of 18 who are residents of this...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 8
  Every such trust fund shall have no fewer than 3 nor more than 30 trustees. No less than 2/3 of the trustees shall be...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 9
  (a) No trustee shall be paid a salary or receive other compensation, except the written trust instrument may provide for reimbursement for actual expenses...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 10
  The trustees shall serve pursuant to the terms of the written trust instrument except that at any time no less than a majority of...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 11
  In case any trustee shall be removed, resign, or cease to serve for any reason, no less than a majority of the beneficiaries shall...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 12
  No trustees or successor trustee shall serve for more than 3 consecutive years unless he is reappointed by a majority of the beneficiaries. (Source:...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 13
  The trustees shall have the powers specified in the written trust instrument which established the trust fund. (Source: P.A. 80-530.)
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 14
  Each trust fund shall by June 1 of each year file with the Director of Insurance a full independently audited financial statement as of...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 14.1
  Contribution Certificate. A trust fund may issue contribution certificates, evidencing a contingent obligation to repay amounts advanced to the trust fund, for the purpose...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 15
  Ineligible beneficiaries. A beneficiary is ineligible (1) if it is not exempt from taxation under paragraph (3) of subsection (c) of Section 501 of...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 16
  The written trust instrument may provide that a beneficiary who becomes ineligible may continue to receive benefits for no longer than 90 days beyond...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 17
  No beneficiary shall have any cause of action against any other beneficiary arising solely out of the insolvency or inability of the trust fund...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 18
  No trust fund established under this Act shall grant any power to the trustees which is inconsistent with this Act or any other law...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 19
  Every trust fund established hereunder shall include in the written trust instrument the basis on which payments are made to and from the trust...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 20
  The Director of Insurance may make reasonable rules and regulations as may be necessary for the administration of this Act. (Source: P.A. 80-530.)
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 21
  Trust funds established under this Act and all persons interested therein or dealing therewith shall be subject to the provisions of Sections 133, 149,...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 22
  The Director of Insurance shall have with respect to trust funds established under this Act the powers of examination conferred upon him relative to...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 23
  The Director of Insurance shall charge, collect and give proper acquittances for the payment of fees and charges as set forth in Section 408...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 24
  This Act shall apply regardless of any contrary provisions of any instrument. (Source: P.A. 80-530.)
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 25
  Trust funds established under and which fully comply with this Act shall not be considered insurance companies or to be in the business of...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 25.1
  (a) Any trust fund organized under this Act may reorganize itself as a mutual insurance company or a reciprocal in accordance with the provisions...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 26
  The provisions of the Administrative Review Law, as amended, shall apply to and govern all proceedings for the judicial review of final administrative decisions...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 27
  If any provision of this Act or the application thereof to any person or circumstance is held invalid, the invalidity shall not affect other...
• Illinois Religious and Charitable Risk Pooling Trust Act. - 215 ILCS 150, Section 28
  This Act shall become effective upon its becoming a law. (Source: P.A. 80-530.)

Last modified: February 18, 2015