Illinois Compiled Statutes 215 ILCS 5 Illinois Insurance Code. Section 294.1

    (215 ILCS 5/294.1) (from Ch. 73, par. 906.1)

    (Section scheduled to be repealed on January 1, 2017)

    Sec. 294.1. Reinsurance.

    (a) A domestic society may enter into reinsurance transactions only in accordance with Article XI of this Code.

    (b) A domestic society may reinsure the risks of another society in connection with a merger transaction with approval by the Director.

(Source: P.A. 98-814, eff. 1-1-15.)

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Last modified: February 18, 2015