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Code · Illinois · Chapter 215 — INSURANCE · Act 5

(Section scheduled to be repealed on January 1, 2027)

52 words·~1 min read·/il/chapter-215/act-5/1-112

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

(Section scheduled to be repealed on January 1, 2027)
Sec. 294.1. Reinsurance.
(a)A domestic society may enter into reinsurance transactions only in accordance with Article XI of this Code.
(b)A domestic society may reinsure the risks of another society in connection with a merger transaction with approval by the Director.
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