Illinois Administrative Code
Title 50 - INSURANCE
Part 1305 - PRIOR NOTIFICATION OF DIVIDENDS OR DISTRIBUTIONS
Section 1305.40 - Penalties
Universal Citation: 50 IL Admin Code ยง 1305.40
Current through Register Vol. 48, No. 12, March 22, 2024
Failure of a domestic captive insurance company to timely file the report required by this Part or Section 123C-26 of the Code or to issue dividends or other distributions without the approval of the Director shall subject the domestic captive insurance company or companies to Article XXIV of the Code or any other remedy available to the Director.
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