Illinois Administrative Code
Title 50 - INSURANCE
Part 3601 - REQUIREMENTS
Section 3601.90 - Amendments to the Trust Instrument
Universal Citation: 50 IL Admin Code ยง 3601.90
Current through Register Vol. 48, No. 12, March 22, 2024
a) All amendments or modifications to the originally approved trust instrument shall be made in writing and filed in duplicate with the Director of Insurance and approved by the Director of Insurance to their taking effect.
b) All trustees selected as successors to the original trustees set forth in the application required by Section 5601.20 of this Part shall submit complete biographical data to the Director of Insurance within 14 days of their appointment. This requirement may be satisfied by the filing of such data by the trust or trust administrator and shall be kept as a part of the permanent records of the trust.
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