Illinois Administrative Code
Title 50 - INSURANCE
Part 1305 - PRIOR NOTIFICATION OF DIVIDENDS OR DISTRIBUTIONS
Section 1305.10 - Purpose
Universal Citation: 50 IL Admin Code ยง 1305.10
Current through Register Vol. 48, No. 12, March 22, 2024
The purpose of this Part is to describe the information that shall be provided to the Director by a domestic captive insurance company to notify the Director to seek approval of all dividends and other distributions under Section 123C-26 of the Illinois Insurance Code and provide penalties for the failure to comply with this Part.
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