Sec. 50. Examination authority.
52 words·~1 min read·
/il/chapter-215/act-100/50A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 50. Examination authority.
(a)A reinsurance intermediary shall be subject to examination by the Director. The Director shall have access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the Director.
(b)An intermediary manager may be examined as if it were the reinsurer.