(Section scheduled to be repealed on January 1, 2027)

156 words·~1 min read·/il/chapter-215/act-5/1-264

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

Sec. 91. Declaration of domestic Lloyds. The attorney-in-fact for underwriters who desire to form a domestic Lloyds under this Article shall sign and acknowledge before an officer authorized to take acknowledgments, a declaration in duplicate. When the attorney-in-fact is a corporation the declaration shall be acknowledged by an officer of such corporation. The declaration shall set forth

(a)the name of the attorney-in-fact, and the name or designation under which contracts

are to be effected;

(b)the location of the office of the attorney-in-fact;

(c)the names and addresses, including streets and numbers, if any, of the underwriters;

(d)the class or classes of insurance which such Lloyds proposes to transact and the

kinds of insurance in each class which it proposes to write;

(e)such other provisions not inconsistent with law which may be deemed by the

attorney-in-fact or the underwriters to be necessary or advisable.