Illinois Statutes
§ 175 — Conditions for approval
Illinois·Topic REGULATION·Ch. 215 INSURANCE·Act 215 ILCS 5/ Illinois Insurance Code.·Art. Article XI - Reinsurance
Any reinsurance agreement requiring the written approval of the Director under section 174 shall be approved by him if the terms thereof do not injuriously affect the rights of policyholders of any of the companies which are parties thereto. If the Director refuses to approve any such agreement, he shall grant the company a hearing upon request.
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Legislative History
(Source: Laws 1965, p. 1077.)
Nearby Sections
15
§ 170
Transfer of deposits§ 1701
Short title§ 1703
Purpose and intent§ 1705
Definitions§ 1710
Court authority§ 1715
Notice requirements§ 1720
Application procedure