Illinois Statutes

§ 185.2 — Conversion to Foreign Insurer

Illinois § 185.2
JurisdictionIllinois
TopicREGULATION
Ch. 215INSURANCE
Act 215 ILCS 5/Illinois Insurance Code.
Art.Article XII - Domestication Of Foreign And Alien Companies

This text of Illinois § 185.2 (Conversion to Foreign Insurer) 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. 185.2 (2026).

Text

Any domestic insurer may, upon the approval of the Director, transfer its domicile to any other state in which it is admitted to transact the business of insurance, and upon such a transfer shall cease to be a domestic insurer. The Director shall approve any such proposed transfer unless he shall determine such transfer is not in the interest of the policyholders of this State.

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Legislative History

(Source: P.A. 85-131.)

Nearby Sections

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Bluebook (online)
Illinois § 185.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/215/185.2.