Illinois Statutes
§ 551 — Stay of proceedings
Illinois·Topic REGULATION·Ch. 215 INSURANCE·Act 215 ILCS 5/ Illinois Insurance Code.·Art. Article XXXIV - Illinois Insurance Guaranty Fund
All proceedings arising out of a claim under a policy of insurance written by an insolvent company shall be stayed for 120 days from the date of the entry of the Order of Liquidation to permit proper defense by the Fund of all such pending causes of action.
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Legislative History
(Source: P.A. 92-77, eff. 7-12-01.)