Illinois § 131.14

Illinois Statutes

§ 131.14

Illinois § 131.14

JurisdictionIllinois

TopicREGULATION

Ch. 215INSURANCE

Act 215 ILCS 5/Illinois Insurance Code.

Art.Article VIII 1/2 - Insurance Holding Company Systems

This text of Illinois § 131.14 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. 131.14 (2026).

Text

Every company subject to registration must file a registration statement on a form and in a format prescribed by the Director, which shall contain the following current information:

(1)the capital structure, general financial condition, ownership and management of the company and any person controlling the company;

(2)the identity and relationship of every member of the insurance holding company system;

(3)the following agreements in force, relationships subsisting, and transactions currently outstanding or that have occurred during the last calendar year between such company and its affiliates:

(a)loans, other investments, or purchases, sales or exchanges of securities of the affiliates by the company or of the company by its affiliates;

(b)purchases, sales, or exchanges of assets; (

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Every company subject to registration must file a registration statement on a form and in a format prescribed by the Director, which shall contain the following current information: (1) the capital structure, general financial condition, ownership and management of the company and any person controlling the company; (2) the identity and relationship of every member of the insurance holding company system; (3) the following agreements in force, relationships subsisting, and transactions currently outstanding or that have occurred during the last calendar year between such company and its affiliates: (a) loans, other investments, or purchases, sales or exchanges of securities of the affiliates by the company or of the company by its affiliates; (b) purchases, sales, or exchanges of assets; (c) transactions not in the ordinary course of business; (d) guarantees or undertakings for the benefit of an affiliate which result in an actual contingent exposure of the company's assets to liability, other than insurance contracts entered into in the ordinary course of the company's business; (e) all management agreements, service contracts, and cost-sharing arrangements; (f) reinsurance agreements; (f-5) dividends and other distributions to shareholders; (g) any pledge of the company's own securities, securities of any subsidiary or controlling affiliate, to secure a loan made to any member of the insurance holding company system; and (h) consolidated tax allocation agreements; (4) (blank); (5) financial statements of or within an insurance holding company system, including all affiliates, if requested by the Director; financial statements may include, but are not limited to, annual audited financial statements filed with the U.S. Securities and Exchange Commission (SEC) pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended; a company required to file financial statements pursuant to this paragraph (5) may satisfy the request by providing the Director with the most recently filed parent corporation financial statements that have been filed with the SEC; (6) statements that the company's or its parent company's board of directors or a committee thereof oversees corporate governance and internal controls and that the company's officers or senior management have approved and implemented and continue to maintain and monitor corporate governance and internal controls; and (7) other matters concerning transactions between registered companies and any affiliates as may be included from time to time in any registration forms adopted or approved by the Director.