§915.20. Purpose and Scope

The purpose of this Part is to set forth requirements that the Director deems necessary to carry out the provisions of Section 155.04 of the Illinois Insurance Code.  The information called for by this Part is hereby declared to be necessary and appropriate in the public interest and for the protection of policyholders.  This Part shall apply to all domestic, foreign and alien companies licensed to transact an insurance business in Illinois and to:

 

a)         all persons proposing to form a domestic insurance company under the laws of the State of Illinois;

 

b)         all persons involved in the control, management or serving as an executive officer of a foreign or alien insurance company applying for a Certificate of Authority to do business in the State of Illinois; and

 

c)         all persons upon being newly elected or appointed to be an executive officer of any domestic, foreign or alien company licensed to transact an insurance business in this State.

 

(Source:  Amended at 46 Ill. Reg. 12035, effective June 30, 2022)