Illinois Compiled Statutes 215 Insurance: Article XI - Reinsurance

• Illinois Insurance Code. - 215 ILCS 5, Section 173
  Reinsurance authorized. (a) Subject to the provisions of this Article, any domestic company may, by a reinsurance agreement, accept any part or all of...
• Illinois Insurance Code. - 215 ILCS 5, Section 173.1
  Credit allowed a domestic ceding insurer. (1) Except as otherwise provided under Article VIII 1/2 of this Code and related provisions of the Illinois...
• Illinois Insurance Code. - 215 ILCS 5, Section 173.2
  Reserve credit for liability assumed. No credit shall be allowed as an admitted asset or as a deduction from liability, to any ceding company...
• Illinois Insurance Code. - 215 ILCS 5, Section 173.3
  Payment by assuming company. (1) No such credit shall be allowed for reinsurance unless the reinsurance agreement provides that payments by the assuming company...
• Illinois Insurance Code. - 215 ILCS 5, Section 173.4
  Assuming company may defend claims for insolvent ceding company. Such reinsurance agreement may provide that the liquidator or receiver of an insolvent ceding company...
• Illinois Insurance Code. - 215 ILCS 5, Section 173.5
  Crediting of commissions from cancellable reinsurance. Where the parties to a reinsurance contract cancel such contract within 90 days of its effective date without...
• Illinois Insurance Code. - 215 ILCS 5, Section 174
  Kinds of agreements requiring approval. (1) The following kinds of reinsurance agreements shall not be entered into by any domestic company unless such agreements are...
• Illinois Insurance Code. - 215 ILCS 5, Section 174.1
  Kinds of Agreements Prohibited. No domestic stock company with less than $5,000,000 capital and surplus nor domestic mutual or reciprocal company with less than...
• Illinois Insurance Code. - 215 ILCS 5, Section 175
  Conditions for approval. Any reinsurance agreement requiring the written approval of the Director under section 174 shall be approved by him if the terms...
• Illinois Insurance Code. - 215 ILCS 5, Section 176
  Pending actions. Whenever a company agrees to assume and carry out directly with the policyholder any of the policy obligations of the ceding company...
• Illinois Insurance Code. - 215 ILCS 5, Section 177
  Transfer of deposits. The provisions of section 170 applicable to the transfer of deposits of legal reserves on policies of merged or consolidated companies...
• Illinois Insurance Code. - 215 ILCS 5, Section 178
  (Repealed). (Source: Laws 1937, p. 696. Repealed by P.A. 98-692, eff. 7-1-14; 98-969, eff. 1-1-15.)
• Illinois Insurance Code. - 215 ILCS 5, Section 179
  Payment of fees to officer or director prohibited. (1) No director or officer of any company, party to a reinsurance agreement, except as fully...
• Illinois Insurance Code. - 215 ILCS 5, Section 179a
  Managing general agent prohibition. (a) No managing general agent, as defined in Section 141a, shall receive any compensation or remuneration for, or in any...
• Illinois Insurance Code. - 215 ILCS 5, Section 179b
  Reinsurance committee. Each domestic company that cedes any reinsurance must establish and maintain a reinsurance committee with not fewer than 3 members, at least...

Last modified: February 18, 2015