(Section scheduled to be repealed on January 1, 2027)

364 words·~2 min read·/il/chapter-215/act-5/1-10

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 109. Application for certificate of authority.

(1)A foreign or alien company in order to procure a certificate of authority to transact business in this State shall make application therefor to the Director. The application shall set forth:

(a)the name of the company, and the state or country under the laws of which it is

organized or authorized;

(b)the title of the Act under or by which it was incorporated or organized, the date of

its incorporation or organization and, if a corporation, the period of its duration;

(c)the class or classes of insurance business, as provided in Section 4, in which it

proposes to engage in this State, and the kinds of insurances in each class it proposes to write in this State;

(d)if a life company, that it is not engaged in any state in practices which, if

engaged in in this State, would constitute a violation of Section 237;

(e)whether or not it was authorized to transact business in this State during any part

of the 3-year period prior to its application and, if so, for what period;

(f)whether or not it survives or was formed by a merger, consolidation, reorganization,

or reincorporation effected within 3 years prior to its application and, if so, whether and for what period or periods any of the companies that are parties to the merger, consolidation, reorganization, or reincorporation were authorized to transact business in this State within the 3-year period prior to its application; and

(g)such additional information as the Director may require to enable the Director to

determine whether the company is entitled to a certificate of authority to transact business in this State and to determine and assess the taxes, fees and charges payable as in this Code prescribed.

(2)Such application shall be made on forms prescribed and furnished by the Director and shall be executed by the company by its president or a vice-president or executive officer corresponding thereto, and verified by such officer, and if a corporation, the corporate seal shall be thereto affixed, attested by its secretary or other proper officer.