Illinois Compiled Statutes 215 Insurance: Article XIX - Burial Societies

• Illinois Insurance Code. - 215 ILCS 5, Section 338
  Scope of Article. (1) This Article shall apply to: (a) all societies organized or operating, prior to the effective date of this Code, under...
• Illinois Insurance Code. - 215 ILCS 5, Section 339
  Present authorized burial societies may transact business. Every society organized prior to the effective date of this amendatory Act of 1959 and which society...
• Illinois Insurance Code. - 215 ILCS 5, Section 340
  Article of Incorporation. The articles of incorporation of a burial society shall state: (a) The corporate name which shall not resemble the name of...
• Illinois Insurance Code. - 215 ILCS 5, Section 341
  Deposit required. (1) A burial society shall maintain with the Director a deposit of cash or securities in an amount of at least $1,000....
• Illinois Insurance Code. - 215 ILCS 5, Section 342
  Officers bond. The officer or officers of the society entrusted with the custody of its funds shall give bond to the association in double...
• Illinois Insurance Code. - 215 ILCS 5, Section 343
  Certificate form. (1) Every burial society shall issue a certificate of membership to each member, agreeing to pay upon death a specified sum of...
• Illinois Insurance Code. - 215 ILCS 5, Section 344
  Burial benefit payable in lawful money. No society operating under or by virtue of this article shall pay a burial benefit or award other...
• Illinois Insurance Code. - 215 ILCS 5, Section 345
  Society and directors or officers may not advertise funeral supplies. No burial society nor any officer, director or agent of any burial society shall...
• Illinois Insurance Code. - 215 ILCS 5, Section 346
  Benefit account and expense account. (1) All burial societies shall charge a premium or levy an assessment to be paid by the members. Unless...
• Illinois Insurance Code. - 215 ILCS 5, Section 347
  Failure to maintain deposit-Payment of claims. All claims filed with a society shall be approved or disapproved within sixty days after receipt of due...
• Illinois Insurance Code. - 215 ILCS 5, Section 348
  Amendment of articles. The articles of incorporation of any society, subject to the provisions of this article, may be amended by proper resolutions adopted...
• Illinois Insurance Code. - 215 ILCS 5, Section 349
  Penalties. Any society or any officer or agent of any society who violates any of the provisions of this article shall be guilty of...
• Illinois Insurance Code. - 215 ILCS 5, Section 351
  Application of article and other code provisions. (1) This article shall not apply to fraternal or fraternal benefit societies, assessment life and accident associations...

Last modified: February 18, 2015