Illinois Administrative Code
Title 50 - INSURANCE
Part 3601 - REQUIREMENTS
Section 3601.80 - Liquidation
Universal Citation: 50 IL Admin Code ยง 3601.80
Current through Register Vol. 48, No. 12, March 22, 2024
Each trust is required to adhere to reasonable standards of financial solvency. Should the Director, within his discretion and based upon examination or investigation, determine that any trust is no longer adhering to reasonable standards of financial solvency, he may undertake appropriate proceedings in order to liquidate the trust entity.
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