Sec. 1745. Department oversight.
64 words·~1 min read·
/il/chapter-215/act-5/1745A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 1745. Department oversight. Insurers engaging in an insurance business transfer under this Article consent to the jurisdiction of the Director with regard to any aspect of the transferred business or business transfer plan, including the authority of the Director to conduct financial analysis and examinations, regardless of whether the insurer has a certificate of authority or another basis for the Director's jurisdiction exists.