§ 392 — Estoppel

Illinois § 392

• Jurisdiction: Illinois
• Topic: REGULATION
• Ch. 215: INSURANCE
• Act 215 ILCS 5/: Illinois Insurance Code.
• Art.: Article XXII - Casualty Insurance, Fidelity Bonds And Surety Contracts

Text

Any company which shall execute any bond, recognizance, obligation, stipulation or undertaking as surety shall be estopped, in any proceeding to enforce the liability which it shall have assumed to incur, to deny its power to execute the same or assume such liability.

Legislative History

(Source: Laws 1937, p. 696.)