Sec. 123C-24. Standards for risk management of controlled unaffiliated business.
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/il/chapter-215/act-5/123c-24A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 123C-24. Standards for risk management of controlled unaffiliated business. The Director may adopt rules establishing standards to ensure that an affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the captive insurance company.