Illinois § 45

Illinois Statutes

§ 45

Illinois·Topic REGULATION·Ch. 215 INSURANCE·Act 215 ILCS 5/ Illinois Insurance Code.·Art. Article III - Domestic Mutual Companies

(Section scheduled to be repealed on January 1, 2027) Sec. 45. Documents to be delivered to Director by incorporators. Upon the execution of the articles of incorporation, there shall be delivered to the Director (a) duplicate originals of the articles of incorporation;

(b)a copy of the by-laws adopted by the incorporators;

(c)2 organization bonds, or the cash or securities, provided for in Section 46;

(d)the form of guaranty fund agreements and of guaranty capital shares, if any, as provided in Section 56 to be issued in connection with solicitation of surplus; and (e) the form of escrow agreement for the deposit of cash or securities.

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(Section scheduled to be repealed on January 1, 2027) Sec. 45. Documents to be delivered to Director by incorporators. Upon the execution of the articles of incorporation, there shall be delivered to the Director (a) duplicate originals of the articles of incorporation; (b) a copy of the by-laws adopted by the incorporators; (c) 2 organization bonds, or the cash or securities, provided for in Section 46; (d) the form of guaranty fund agreements and of guaranty capital shares, if any, as provided in Section 56 to be issued in connection with solicitation of surplus; and (e) the form of escrow agreement for the deposit of cash or securities.

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