Illinois Administrative Code
Title 50 - INSURANCE
Part 655 - PRIOR NOTIFICATION OF DIVIDENDS ON COMMON STOCK AND OTHER DISTRIBUTIONS
Section 655.10 - Purpose
Universal Citation: 50 IL Admin Code ยง 655.10
Current through Register Vol. 48, No. 12, March 22, 2024
The purpose of this Part is to describe that information which shall be provided to the Director by a domestic company in order:
a) to notify the Director of all dividends and distributions pursuant to Section 131.16 of the Illinois Insurance Code [ 215 ILCS 5/131.16 ]; and
b) to notify the Director of all extraordinary dividends and distributions pursuant to Section 131.20a(2) of the Illinois Insurance Code [ 215 ILCS 5/131.20a(2) ].
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