Sec. 123D-1. Purpose; construction.
58 words·~1 min read·
/il/chapter-215/act-5/123d-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 123D-1. Purpose; construction. The purpose of this Article is to provide for the organization of and issuance of a certificate of authority to nonprofit risk organizations that insure nonprofit organizations and that will qualify, and continue to qualify, as a qualified charitable risk pool, as defined in subsection
(n)of Section 501 of the Internal Revenue Code.