Sec. 248. Registration of new policies prohibited.
38 words·~1 min read·
/il/chapter-215/act-5/248A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 248. Registration of new policies prohibited.
After the effective date of this Code the Director shall not register any new policies that are issued by any company, nor accept any deposits covering reserves on business thereafter written.