reglab/housing_qa huggingface dataset:
215 ILCS 5/113.1
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VI - Foreign Or Alien Companies

 (from Ch. 73, par. 725.1)(Section scheduled to be repealed on January 1, 2027)Sec. 113.1.     Effect of acceptance of certificate of authority.(1) No foreign or alien company which accepts a certificate of authority  or renewal certificate of authority to transact in this State any insurance  business as described in Section 4 of this Code shall transfer by sale,  contribution, merger, consolidation, reinsurance or otherwise, its direct  policy obligations under insurance contracts with Illinois policyholders  unless:a.  the transfer is made to a company authorized to     transact in this State the type of insurance business transferred; orb.  the transferring company gives 30 days prior     written notice to each policyholder to be transferred stating that the insurance contract and the company's liabilities thereunder are to be transferred to a specified insurer which is not subject to regulation by the Illinois Insurance Department or the administrative requirements of the Illinois Insurance Code; andc. the unauthorized company to which the insurance     business is to be transferred makes and maintains a special deposit with the Director for the protection and benefit of all Illinois policyholders of such unauthorized company, in assets acceptable to the Director and having a fair market value not less than the required statutory reserves for the Illinois insurance business to be transferred.(2) Any and all transfers resulting in the violation of this Section  shall be construed as a violation of all applicable provisions of Article  VII of this Code; including, but not limited to, Section 121-4 providing  for liability to insureds for claims or insured losses not honored by the  unauthorized insurer.(3) Unless permitted by and obtained in compliance with this Section, or  specifically authorized by another provision of this Code, it shall be  unlawful for any unauthorized company to obtain as direct insurer any  insurance contracts written in this State.    (Source: P.A. 86-753.)
215 ILCS 5/114
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VI - Foreign Or Alien Companies

 (from Ch. 73, par. 726)(Section scheduled to be repealed on January 1, 2027)Sec. 114.     Renewal of  certificate of authority.(1) The Director shall renew for one year the certificate of authority  of a foreign or alien company on the first day of July of the calendar year  following the calendar year in which it is admitted to transact business in  this State and annually thereafter, without application by the company,  upon payment of the annual privilege tax imposed by this Code, if any,  provided the Director is satisfied that(a) none of the facts specified in this article as     grounds for revoking a certificate of authority exists; and(b) the company is complying with the conditions for     admission in respect to capital, contingent liability, the investment of its assets or the maintenance of deposits in this or another state and maintains the surplus which similar domestic companies transacting the same kind or kinds of business are required to maintain.(2) Except in case of nonpayment of taxes, the Director shall give  notice of his intention to refuse to renew the certificate of authority of  a foreign or alien company and the grounds therefor at least twenty days  before the end of the term for which the existing certificate was issued,  and, the company shall be given an opportunity for a hearing before the end  of such term.(3) In the event that a company admitted to transact business in this  State prior to the effective date of this Code has been and is transacting  in this State or in any other state or country the kind or kinds of  business enumerated in Class 1 of Section 4 and in addition thereto any of  the kinds of business not enumerated in such class, the Director may for a  period of three years renew annually its certificate of authority to  transact such kinds of business. At the end of such three year period or at  the end of any extended period as herein provided for, the Director may  extend the period during which the certificate of authority of such company  may be renewed annually, upon a showing by the company at a hearing before  the Director that(a) it has made reasonable progress in the     discontinuance of kinds of business other than those enumerated in Class 1 of Section 4; and(b) complete and immediate discontinuance of such     kinds of business would result in undue loss to the company and the policyholders would suffer materially thereby; or(c) there are other reasons for such extension deemed     by the Director to be good and sufficient. The extension herein provided for shall be for such period as the Director may deem proper on the showing made, but the total of such extended periods shall not exceed three years.   (Source: P.A. 82-498.)
215 ILCS 5/115
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VI - Foreign Or Alien Companies

 (from Ch. 73, par. 727)(Section scheduled to be repealed on January 1, 2027)Sec. 115.     Amended  certificate of authority.(1) In the event that a foreign or alien company authorized to transact  business in this State changes its name or desires to transact in this  State a kind or kinds of business other than those it is then authorized to  transact, it shall file with the Director an application for an amended  certificate of authority.(2) Such application shall comply as to form and manner of execution  with the requirements of this Article for an original application and shall  set forth the name of the company, the respects in which the company  desires its certificate of authority amended, and such other information as  is necessary or appropriate to enable the Director to determine whether  such an amended certificate of authority should be issued.(3) The Director shall issue such amended certificate if he is satisfied  that(a) the company might lawfully be authorized to     transact the kind or kinds of business it desires to transact if application for such authority were made in an original application; and(b) the conditions provided for in Section 111 are     complied with.   (Source: Laws 1937, p. 696.)
215 ILCS 5/116
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VI - Foreign Or Alien Companies

 (from Ch. 73, par. 728)(Section scheduled to be repealed on January 1, 2027)Sec. 116.     Amendments  to articles of incorporation.     Whenever the articles of incorporation or articles of association of a  foreign or alien company authorized to transact business in this State  shall be amended, such company shall, within thirty days after the  effective date of such amendment, file with the Director a copy thereof  duly authenticated by the proper officer of the state or country under the  laws of which such company is organized. The filing of such copy shall not  of itself enlarge the authority of the company in the transaction of  business in this State, nor authorize such company to transact business in  this State under any other name than the name set forth in its certificate  of authority.    (Source: Laws 1937, p. 696.)
215 ILCS 5/117
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VI - Foreign Or Alien Companies

 (from Ch. 73, par. 729)(Section scheduled to be repealed on January 1, 2027)Sec. 117.     Merger or  consolidation.(1) Whenever a foreign or alien company authorized to transact business  in this State shall be the surviving company of a statutory merger  permitted by the laws of the state or country under which it is organized,  and such merger is not subject to the provisions of Article X; it shall  forthwith file with the Director(a) copies of the agreement and certificate of merger     duly authenticated by the proper officer of the state or country under the laws of which such statutory merger was effected; and(b) if any of the companies party to such merger were     not admitted to transact business in this State, a statement of the financial condition and business of each of such companies, as of the end of the preceding calendar year complying as to form, content and verification with the requirements of this Code for annual statements, or a financial statement as of such later date as the Director may require.(2) It shall not be necessary for such surviving company to procure a  new certificate of authority to transact business in this State nor an  amended certificate unless the name of such company be changed thereby or  unless the company desires to transact in this State a kind or kinds of  business other than those which it is then authorized to transact.(3) Whenever a foreign or alien company authorized to transact business  in this State shall be a party to a statutory merger and such company shall  not be the surviving company, or if such foreign or alien company shall be  a party to a consolidation, then the certificate of authority of such  foreign or alien company shall terminate upon such merger or consolidation,  and the surviving company, if not previously authorized to transact  business in this State, or the new company, in the case of consolidation,  shall be subject to the same requirements for admission to transact  business in this State as any other foreign or alien company.    (Source: Laws 1937, p. 696.)
215 ILCS 5/118
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VI - Foreign Or Alien Companies

 (from Ch. 73, par. 730)(Section scheduled to be repealed on January 1, 2027)Sec. 118.     Withdrawal  from the State.(1) Any foreign or alien company admitted to do business in this State  may withdraw from this State by filing with the Director a statement of  withdrawal, signed and verified by a president, vice-president or an  executive officer corresponding thereto, or in the case of a reciprocal or  Lloyds, by the attorney-in-fact, and setting forth(a) that the company surrenders its authority to     transact business in this State and returns for cancellation its certificate of authority;(b) except in the case of a reciprocal or Lloyds,     that the withdrawal of the company from this State has been duly authorized by the board of directors, trustees or other governing body of such company; and(c) a postoffice address to which the Director may     mail a copy of any process against the withdrawing company that may be served upon him.(2) Upon the filing of such statement together with its certificate of  authority with the Director and payment of any taxes or charges that may be  due, the Director shall cancel the certificate of authority and return the  cancelled certificate to the company. The authority of the company to  transact business in this State shall thereupon cease.    (Source: Laws 1937, p. 696.)
215 ILCS 5/120
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VI - Foreign Or Alien Companies

(215 ILCS 5/120) (from Ch. 73, par. 732)(Section scheduled to be repealed on January 1, 2027)Sec. 120.     Withdrawal  of deposits.     When a foreign or alien company has withdrawn from this State or has had  its certificate of authority to transact business in this State revoked and  such company desires to withdraw any deposit made in this State pursuant to  this Code, the Director shall upon the application of the company and at  its expense, give notice of such intention to the insurance commissioner or  other proper supervisory official of each state or country where it appears  from information on file with the Director, the company is authorized to  transact business, and shall publish notice of such intention in a  newspaper of general circulation in this State once a week for four  consecutive weeks. After such notice and publication the Director shall  deliver to such company or its assigns the securities so deposited when he  is satisfied upon examination and investigation made by him, or under his  authority, and upon the oaths of the president and secretary or other chief  officers of the company that all debts and liabilities of every kind due  and to become due which the deposit was made to secure have been paid or  otherwise extinguished.    (Source: Laws 1937, p. 696.)
215 ILCS 5/Art. VII heading
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

 ARTICLE VII.      UNAUTHORIZED COMPANIES
215 ILCS 5/121
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

 (from Ch. 73, par. 733)Sec. 121.     Transacting business without certificate of authority prohibited.(1) It shall be unlawful for any company to enter into a contract of  insurance as an insurer or to transact insurance business in this State,  without a certificate of authority from the Director; provided that this  subsection shall not apply to contracts procured by agents under the  authority of section 445, nor to contracts of reinsurance.(2) The following acts, if performed in this State, shall be included  among those deemed to constitute transacting insurance business in this  State:(a) maintaining an agency or office where contracts are executed which  are or purport to be contracts of insurance with citizens of this or any  other State;(b) maintaining files or records of contracts of insurance; or(c) receiving payment of premiums for contracts of insurance.(3) Any company that violates any of the provisions of subsections (1)  and (2) of this section shall be guilty of a business offense and shall be  required to pay a penalty of not less than $100 nor more  than $1000 for each offense, to be recovered in the name of  the People of the State of Illinois by the State's Attorney of the county  in which the violation occurs and the penalty so recovered shall be paid  into the county treasury. Each day in which a violation occurs shall  constitute a separate offense.(4) The failure of a company to obtain a certificate of authority shall  not impair the validity of any act or contract of such company and shall  not prevent such company from defending any action  in any court of this State, but no company transacting insurance business  in this State without a certificate of authority shall be permitted to  maintain an action in any court of this State to  enforce any right, claim or demand arising out of the transaction of such  business until such company shall have obtained a certificate of authority.  Nor shall an action be maintained in any court of this  State by any successor or assignee of such company on any such right, claim  or demand originally held by such company until a certificate of authority  shall have been obtained by such company or by a company which has acquired  all or substantially all of its assets.    (Source: P.A. 83-345.)
215 ILCS 5/121-1
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

 (from Ch. 73, par. 733-1)Sec. 121-1.     Purpose of Article.     The purpose of this Article is to subject certain insurers to the  jurisdiction of the Director of Insurance and the courts of this State in  suits by or on behalf of the State. The General Assembly declares that it  is concerned with the protection of residents of this State against acts by  insurers not authorized to do an insurance business in this State, by the  maintenance of fair and honest insurance markets, by protecting authorized  insurers which are subject to regulation from unfair competition by  unauthorized insurers, and by protecting against the evasion of the  insurance regulatory laws of this State. In furtherance of this State  interest, the General Assembly in this Article provides methods for  substituted service of process upon such insurers in any proceeding, suit  or action in any court and substituted service of any notice, order,  pleading or process upon such insurers in any proceeding by the Director of  Insurance to enforce or effect full compliance with the insurance laws of  this State. In so doing, the State exercises its powers to protect its  residents and to define what constitutes transacting an insurance business  in this State, and also exercises powers and privileges available to this  State under Public Law 79-15, 79th Congress of the United States, Chapter  20, 1st Sess., S. 340, 59 Stat. 33; 15 U.S.C. 1011 through 1015, as  amended, which declares that the business of insurance and every person  engaged therein shall be subject to the laws of the several states.    (Source: P.A. 77-1565.)
215 ILCS 5/121-2
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

 (from Ch. 73, par. 733-2)Sec. 121-2.         Transacting business without certificate of authority  prohibited - Exempt transactions.  It is unlawful for any insurer to transact insurance business in this  State, (as described in Section 121-3,) without a certificate of authority  from the Director. This Section does not however, apply to any transaction  described in Sections 121-2.01 through 121-2.10.    (Source: P.A. 89-124, eff. 7-7-95.)
215 ILCS 5/121-2.01
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

 (from Ch. 73, par. 733-2.01)Sec. 121-2.01.     The lawful transaction of business under Section 445.     (Source: P.A. 77-1565.)
215 ILCS 5/121-2.02
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

 (from Ch. 73, par. 733-2.02)Sec. 121-2.02.     The lawful transaction of reinsurance by insurers.     (Source: P.A. 77-1565.)
215 ILCS 5/121-2.03
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

 (from Ch. 73, par. 733-2.03)Sec. 121-2.03.         Transactions in this State involving a policy lawfully solicited,  written, and delivered outside of this State covering only subjects of  insurance not resident, located, or expressly to be performed in this State  at the time of issuance, and which transactions are subsequent to the  issuance of such policy.    (Source: P.A. 77-1565.)
215 ILCS 5/121-2.04
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

 (from Ch. 73, par. 733-2.04)Sec. 121-2.04.         Attorneys acting in the ordinary relation of attorney and client in the  adjustment of claims or losses.    (Source: P.A. 77-1565.)
215 ILCS 5/121-2.05
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

 (from Ch. 73, par. 733-2.05)Sec. 121-2.05.         Group insurance policies issued and delivered in other  State-Transactions in this State.  With the  exception of insurance transactions authorized under Sections 230.2 or  367.3 of this Code, transactions in this State involving group legal, group  life and  group accident and health or blanket  accident and health insurance or group  annuities where the master policy of such groups was lawfully issued and  delivered in, and under the laws of, a State in which the insurer was  authorized to do an insurance business, to a group properly established  pursuant to law or regulation, and where the  policyholder is domiciled or otherwise has a bona fide situs.    (Source: P.A. 86-753.)
215 ILCS 5/121-2.06
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

 (from Ch. 73, par. 733-2.06)Sec. 121-2.06.         Transactions in this State involving any policy of insurance or annuity  contract issued before the effective date of this amendatory Act of 1971.    (Source: P.A. 77-1565.)
215 ILCS 5/121-2.07
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

 (from Ch. 73, par. 733-2.07)Sec. 121-2.07.         Transactions in this State relative to a policy issued or to be issued  outside this State involving insurance on vessels, craft or hulls, cargos,  marine builder's risk, marine protection and indemnity or other risk,  including strikes and war risks commonly insured under ocean or wet marine  forms of policy.    (Source: P.A. 77-1565.)
215 ILCS 5/121-2.09
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

 (from Ch. 73, par. 733-2.09)Sec. 121-2.09.         Transactions in this State involving bankers' blanket  bonds or directors' and officers' liability insurance issued by a captive  insurance company, formed exclusively for the purpose of providing directors'  and officers' liability and bankers' blanket bond insurance to a bank or  bank holding company, as such terms are defined in Section 2 of "The Illinois Bank  Holding Company Act of 1957", as amended, if the aggregate annual premiums  for each bank or bank holding company for insurance on all of its property  and liability risks total at least $25,000, and such insurance is procured  by a full-time employee acting as an insurance manager or buyer or through  the services of a regularly and continuously retained qualified insurance consultant.    (Source: P.A. 84-1431.)
215 ILCS 5/121-2.10
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article VII - Unauthorized Companies

Sec. 121-2.10.     Exempt charitable gift annuities.     The insurance laws of  this State, including this Code, do not apply to any charitable gift annuity,  as defined in Section 501(m)(5) of the Internal Revenue Code, issued by an  organization that is described in Section 170(c) of the Internal  Revenue  Code, if either (i) an insurer authorized to transact  business in this State is directly obligated to the annuitant or (ii) the  organization has been in active  operation for not less than 20 years  before the  date the annuity is issued and has an unrestricted fund balance  of not  less than $2,000,000 on the date the annuity is issued.  For  purposes of this Section, "Internal Revenue Code" refers to the  Internal Revenue Code of 1986, as amended, and corresponding provisions of  subsequent federal tax laws.    (Source: P.A. 89-124, eff. 7-7-95; 89-485, eff. 6-21-96.)