Illinois Compiled Statutes 215 Insurance: Article V - Lloyds

• Illinois Insurance Code. - 215 ILCS 5, Section 86
  Scope of Article. (1) This Article applies to all groups including incorporated and individual unincorporated underwriters transacting an insurance business in this State through...
• Illinois Insurance Code. - 215 ILCS 5, Section 87
  Certificate of authority. It shall be unlawful for any domestic, foreign or alien Lloyds to transact business in this State unless it has first...
• Illinois Insurance Code. - 215 ILCS 5, Section 88
  Name. The name of any Lloyds authorized to transact business under this Article shall not be the same as, or deceptively similar to, the...
• Illinois Insurance Code. - 215 ILCS 5, Section 89
  Principal office of attorney-in-fact. The principal office of the attorney-in-fact of a domestic Lloyds shall be maintained in this State. (Source: Laws 1937, p.
• Illinois Insurance Code. - 215 ILCS 5, Section 90
  Kinds of business permitted. Except as otherwise provided in this Article, a Lloyds may be authorized to transact any or all of the kind...
• Illinois Insurance Code. - 215 ILCS 5, Section 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...
• Illinois Insurance Code. - 215 ILCS 5, Section 92
  Documents to be delivered to director. Upon the execution of the declaration by the attorney-in-fact for a domestic Lloyds, there shall be delivered to...
• Illinois Insurance Code. - 215 ILCS 5, Section 93
  Bonds. The attorney-in-fact for any domestic Lloyds in the process of organization shall deliver to the Director two bonds in the same penalties and...
• Illinois Insurance Code. - 215 ILCS 5, Section 94
  Approval of documents. The documents and papers so delivered to the Director may be approved or disapproved by the Director, and the attorney-in-fact or...
• Illinois Insurance Code. - 215 ILCS 5, Section 95
  Authority to solicit underwriters. Upon the approval of the declaration by the Director, he shall issue to the attorney-in-fact a permit which shall expire...
• Illinois Insurance Code. - 215 ILCS 5, Section 96
  Issuance of certificate of authority. When the Director has been notified that the underwriters have deposited a sum not less than the minimum admitted...
• Illinois Insurance Code. - 215 ILCS 5, Section 97
  Deposit required of underwriters. Each underwriter of a domestic Lloyds shall make and maintain a deposit of cash or securities, or both, in trust...
• Illinois Insurance Code. - 215 ILCS 5, Section 98
  Verified statement. Whenever the Director shall so require, the attorney-in-fact of a domestic Lloyds shall file with the Director a verified statement setting forth...
• Illinois Insurance Code. - 215 ILCS 5, Section 99
  Minimum admitted assets required of domestic Lloyds. Each domestic Lloyds shall at all times keep and maintain in this State admitted assets, including the...
• Illinois Insurance Code. - 215 ILCS 5, Section 100
  Minimum available assets required of domestic Lloyds. The aggregate of the amounts on deposit of all underwriters and all other admitted assets of each...
• Illinois Insurance Code. - 215 ILCS 5, Section 101
  Restrictions upon domestic Lloyds. (1) A domestic Lloyds shall not (a) change its name or title without first obtaining the written approval of the...
• Illinois Insurance Code. - 215 ILCS 5, Section 102
  Restrictions upon foreign Lloyds. (1) Each foreign Lloyds authorized to transact business in this State shall (a) maintain cash and securities, including the deposits...
• Illinois Insurance Code. - 215 ILCS 5, Section 103
  Alien Lloyds. (1) Each alien Lloyds authorized to transact business in this State shall (a) maintain in this State or any other state of...
• Illinois Insurance Code. - 215 ILCS 5, Section 104
  Policy forms. Every policy issued in this State by any domestic, foreign or alien Lloyds shall have printed upon its face and back the...
• Illinois Insurance Code. - 215 ILCS 5, Section 105
  Director as agent; service of process. (1) The attorney-in-fact of every Lloyds transacting business in this State shall file with the Director a duly...
• Illinois Insurance Code. - 215 ILCS 5, Section 106
  Penalties. It shall be unlawful for any person to act as an underwriter of or attorney-in-fact for a Lloyds except in accordance with the...
• Illinois Insurance Code. - 215 ILCS 5, Section 107
  Application of other code provisions. Unless otherwise provided in this article, every Lloyds shall be subject to other applicable provisions of this Code. (Source:...

Last modified: February 18, 2015