Illinois Administrative Code
Title 50 - INSURANCE
Part 2701 - SURPLUS LINE BUSINESS REQUIREMENTS
ILLUSTRATION A - Written Warning to Insureds
Universal Citation: 50 IL Admin Code ยง ILLUSTRATION A
Current through Register Vol. 48, No. 12, March 22, 2024
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TO: |
_______________________ |
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_______________________ |
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_______________________ |
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RE: |
(Name of Unauthorized Insurer) |
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(Type of Coverage) |
In accordance with Section 445 of the Illinois Insurance Code, I hereby provide you with a written WARNING that the above-captioned unauthorized insurer with which I propose to place the captioned coverage does not, or I am unable to verify that it does (checked as applicable):
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Have a policyholder surplus of $15,000,000 or more; |
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|
________ |
_________________________________________________________________ |
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________ |
Meet minimal standards of solvency and management that are adequate for your protection. |
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Sincerely, |
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_________________________ |
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