Illinois Statutes
§ 123C-26 — Dividends
Illinois § 123C-26
JurisdictionIllinois
TopicREGULATION
Ch. 215INSURANCE
Act 215 ILCS 5/Illinois Insurance Code.
Art.Article VIIC - Domestic Captive Insurance Companies
This text of Illinois § 123C-26 (Dividends) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
215 Ill. Comp. Stat. 123C-26 (2026).
Text
A.A captive insurance company shall notify the Director in writing when issuing policyholder dividends.
B.A captive insurance company, with the Director's approval, may issue dividends or distributions to the holders of an equity interest in the captive insurance company. The Director shall adopt rules to implement this subsection B.
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Legislative History
(Source: P.A. 100-1118, eff. 11-27-18.)
Nearby Sections
15
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Bluebook (online)
Illinois § 123C-26, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/215/123C-26.