Reinsurance

215 ILCS 5/294.1
in effect
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(215 ILCS 5/294.1) (from Ch. 73, par. 906.1) (Section scheduled to be repealed on January 1, 2027) Sec. 294.1. Reinsurance. (a) A domestic society may enter into reinsurance transactions only in accordance with Article XI of this Code. (b) A domestic society may reinsure the risks of another society in connection with a merger transaction with approval by the Director. (Source: P.A. 98-814, eff. 1-1-15.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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