(Section scheduled to be repealed on January 1, 2027)
136 words·~1 min read·
/il/chapter-215/act-5/1-239A 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(Section scheduled to be repealed on January 1, 2027)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. 69. Documents to be delivered to Director. Upon the execution of a declaration of organization, there shall be delivered to the Director
(a)duplicate originals of the declaration of organization;
(b)a copy of the power of attorney of the attorney-in-fact under or by virtue of which
such insurance is to be effected or exchanged;
(c)an instrument authorizing service of process on the Director provided for in Section
77;
(d)2 organization bonds, or the cash or securities, provided for in Section 70;
(e)the form of guaranty fund agreements and of guaranty capital shares, if any, as
provided in Section 76 to be issued in connection with solicitation of surplus; and
(f)the form of escrow agreement for the deposit of cash or securities.