Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE50. INSURANCE |
PART8100. TITLE INSURANCE ACT |
SUBPARTB. DEFINITIONS |
§8100.245. Definition of the term "Net Retained Liability" as Used in Sections 8.(a) and 11.(c)(2) of the Act
Latest version.
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The term "Net Retained Liability" as used in Sections 8.(a) and 11.(c)(2) of the Act shall mean the total liability retained by a title insurance company for a single risk, after taking into account the deduction for ceded liability, if any.