Illinois Compiled Statutes 215 Insurance: Article VIID - Nonprofit Risk Organizations

• Illinois Insurance Code. - 215 ILCS 5, Section 123D-1
  Purpose; construction. The purpose of this Article is to provide for the organization of and issuance of a certificate of authority to nonprofit risk organizations...
• Illinois Insurance Code. - 215 ILCS 5, Section 123D-5
  Definitions. As used in this Article: "Member" means a nonprofit organization that participates as an insured in a nonprofit risk organization. "Nonmember charitable organization" has...
• Illinois Insurance Code. - 215 ILCS 5, Section 123D-10
  Organization of nonprofit risk organizations. (a) A company organized pursuant to Articles III or IV, including such companies organized as a risk retention group in...
• Illinois Insurance Code. - 215 ILCS 5, Section 123D-15
  Conduct of insurance business by nonprofit risk organizations. (a) The Director may, pursuant to this Article, issue a certificate of authority to write the kinds...
• Illinois Insurance Code. - 215 ILCS 5, Section 123D-20
  Relevant criteria. (a) A nonprofit risk organization must meet all of the following criteria: (1) Be organized and operated solely to insure risks of its...
• Illinois Insurance Code. - 215 ILCS 5, Section 123D-25
  Applicability of other provisions of this Code. Except as otherwise provided in this Article, where inconsistent with this Article, or where the context otherwise requires,...
• Illinois Insurance Code. - 215 ILCS 5, Section 123D-30
  Residual market participation exemption; security funds. A nonprofit risk organization shall not be permitted or required to join or contribute financially to any plan, pool,...
• Illinois Insurance Code. - 215 ILCS 5, Section 123D-35
  Rules. The Director shall adopt such rules as may be necessary for the implementation of this Article. (Source: P.A. 93-918, eff. 1-1-05.)

Last modified: February 18, 2015