Illinois Compiled Statutes 215 Insurance: Article XXXIII - Urban Property Insurance

• Illinois Insurance Code. - 215 ILCS 5, Section 522
  Purpose. This article is to make basic property insurance increasingly available to the citizens of this State, and to deter the insurance industry from...
• Illinois Insurance Code. - 215 ILCS 5, Section 523
  Definitions.) (1) "Basic Property Insurance" means the coverage against direct loss to real or tangible personal property at a fixed location provided in the...
• Illinois Insurance Code. - 215 ILCS 5, Section 524
  FAIR Plan Procedure. (1) Any person having an insurable interest in real or tangible personal property at a fixed location in an urban area...
• Illinois Insurance Code. - 215 ILCS 5, Section 525
  Industry Placement Program.) (1) Within 30 days after the effective date of this Article, all insurers engaged in writing in this State, on a...
• Illinois Insurance Code. - 215 ILCS 5, Section 525.1
  Centralized Operations Authorized.) (1) The Industry Placement Facility is authorized, for FAIR Plan purposes only, to issue policies of insurance and endorsements thereto in...
• Illinois Insurance Code. - 215 ILCS 5, Section 525.2
  Premium financing. In the event the Industry Placement Facility accepts premium payments from licensed premium financing companies and whenever a financed FAIR Plan insurance...
• Illinois Insurance Code. - 215 ILCS 5, Section 525.3
  Approval of Rates. In the event that the Industry Placement Facility proposes to issue policies of insurance or endorsements thereto pursuant to subsection (1)...
• Illinois Insurance Code. - 215 ILCS 5, Section 525.4
  Application for Coverage of Risks by the Facility. (1) In the event that the Industry Placement Facility proposes to issue policies of insurance or...
• Illinois Insurance Code. - 215 ILCS 5, Section 527
  Right to appeal. (1) Any applicant or affected insurer has the right of appeal to the Governing Committee. A decision of the Committee may...
• Illinois Insurance Code. - 215 ILCS 5, Section 528
  Inspection reports. There is no liability on the part of, and no cause of action against insurers, the Inspection Bureau, the Facility, the Association,...
• Illinois Insurance Code. - 215 ILCS 5, Section 529
  Illinois Insurance Development Fund. (a) A trust fund is created to be known as the "Illinois Insurance Development Fund" to be administered by the...
• Illinois Insurance Code. - 215 ILCS 5, Section 529.1
  Reimbursement of the Secretary. The Fund shall reimburse the Secretary of the Department of Housing and Urban Development (hereinafter referred to as "the Secretary")...
• Illinois Insurance Code. - 215 ILCS 5, Section 529.2
  Making of Assessments. Whenever the Secretary shall, in accordance with the Act, present to the State a request for reimbursement under the Act, the...
• Illinois Insurance Code. - 215 ILCS 5, Section 529.3
  Insolvency. In the event any company fails, by reason of insolvency, to pay any assessment, the Fund shall cause the reimbursement ratios, computed under...
• Illinois Insurance Code. - 215 ILCS 5, Section 529.4
  Whenever the fund shall assess insurers in accordance with this Section, each insurer may charge an additional premium on every property insurance policy issued...
• Illinois Insurance Code. - 215 ILCS 5, Section 529.5
  The Industry Placement Facility shall compile an annual operating report, and publish such report in at least 2 newspapers having widespread circulation in the...
• Illinois Insurance Code. - 215 ILCS 5, Section 530
  Powers of the Director.) In addition to any powers conferred upon him by this or any other law, the Director is charged with the...
• Illinois Insurance Code. - 215 ILCS 5, Section 530a
  The Director of Insurance shall form a task force to review the policy forms and endorsements issued by the Industry Placement Facility on residential...

Last modified: February 18, 2015