Illinois Compiled Statutes 215 Insurance: Article VIIB - Risk Retention Companies

• Illinois Insurance Code. - 215 ILCS 5, Section 123B-1
  Purpose. The purpose of this Article is to regulate the formation or operation, or both, of risk retention groups and purchasing groups in Illinois...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-2
  Definitions. As used in this Article: (1) "Director" means the Director of the Department of Insurance. (2) "Completed operations liability" means liability arising out...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-3
  Risk retention groups organized in this State. A. A risk retention group shall either: (1) pursuant to the provisions of Articles II or III,...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-4
  Risk retention groups not organized in this State. Any risk retention group organized and licensed in a state other than this State and seeking...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-5
  Compulsory Associations. A. No risk retention group shall be required or permitted to join or contribute financially to the Illinois Insurance Guaranty Fund, or...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-6
  Countersignatures not Required. Notwithstanding any contrary provision of this Code, a policy of insurance issued to a risk retention group or any member of...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-7
  Purchasing Groups - Exemption from Certain Laws Relating to the Group Purchase of Insurance. Any purchasing group meeting the criteria established under the provisions...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-8
  Notice and registration requirements of purchasing groups. A. A purchasing group that intends to do business in this State shall, prior to doing business,...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-9
  Restrictions on Insurance Purchased by Purchasing Groups. A. A purchasing group may not purchase insurance from a risk retention group that is not organized...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-10
  Administrative and Procedural Authority Regarding Risk Retention Groups and Purchasing Groups. The Director is authorized to make use of any of the powers established...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-11
  Duty on Producers to Obtain License. A. Any person offering, acting or seeking to solicit, sell, purchase, administer or otherwise service a liability insurance...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-12
  Binding Effect of Orders Issued in U.S. District Court. An order issued by any United States District Court enjoining a risk retention group from...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-13
  Rules and Regulations. The Director may establish and from time to time amend such rules relating to risk retention groups as may be necessary...
• Illinois Insurance Code. - 215 ILCS 5, Section 123B-14
  Severability. If any clause, sentence, paragraph, Section or part of this Article or the application thereof to any person or circumstances, shall, for any...

Last modified: February 18, 2015