(215 ILCS 5/91) (from Ch. 73, par. 703)
(Section scheduled to be repealed on January 1, 2017)
Sec. 91. Declaration of domestic Lloyds. The attorney-in-fact for underwriters who desire to form a domestic Lloyds under this Article shall sign and acknowledge before an officer authorized to take acknowledgments, a declaration in duplicate. When the attorney-in-fact is a corporation the declaration shall be acknowledged by an officer of such corporation. The declaration shall set forth
(a) the name of the attorney-in-fact, and the name or
designation under which contracts are to be effected;
(b) the location of the office of the
attorney-in-fact;
(c) the names and addresses, including streets and
numbers, if any, of the underwriters;
(d) the class or classes of insurance which such
Lloyds proposes to transact and the kinds of insurance in each class which it proposes to write;
(e) such other provisions not inconsistent with law
which may be deemed by the attorney-in-fact or the underwriters to be necessary or advisable.
(Source: P.A. 88-535.)
Sections: Previous 86 87 88 89 90 91 92 93 94 95 96 97 98 99 Next
Last modified: February 18, 2015