215 ILCS 5/132
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX - Provisions Applicable To All Companies

 (from Ch. 73, par. 744)Sec. 132.     Market conduct and non-financial  examinations.(1) The Director, for the purposes of ascertaining the  non-financial business practices, performance, and operations of any  company, may make  examinations of:(a) any company transacting or being organized to     transact business in this State;(b) any person engaged in or proposing to be engaged     in the organization, promotion, or solicitation of shares or capital contributions to or aiding in the formation of a company;(c) any person having a contract, written or oral,     pertaining to the management or control of a company as general agent, managing agent, or attorney-in-fact;(d) any licensed or registered producer, firm, or     administrator, or any person, organization, or corporation making application for any licenses or registration;(e) any person engaged in the business of adjusting     losses or financing premiums; or(f) any person, organization, trust, or corporation     having custody or control of information reasonably related to the operation, performance, or conduct of a company or person subject to the jurisdiction of the Director.(2) Every company or person being examined and its officers, directors,  and agents must provide to the Director convenient and free access at  all reasonable hours at its office or location to all books, records,  documents, and any or all papers relating to the  business, performance, operations, and affairs of the company. The  officers, directors, and  agents of the company or person must facilitate the examination and aid  in the examination so far as it is in their power to do so.The Director and any authorized examiner have the power to administer  oaths and examine under oath  any person relative to the business of the company being examined.(3) The examiners designated by the Director under Section 402 must  make a full and true report of every examination made by them, which  contains only facts ascertained from the books, papers, records, or documents,  and other evidence obtained by investigation  and examined by them or ascertained from the testimony of officers or  agents or other persons examined under oath concerning the business,  affairs, conduct, and performance of the  company or person. The report of  examination must be verified by the oath of the examiner in charge  thereof, and when so verified is prima facie evidence in any action or  proceeding in the  name of the State against the company, its officers, or agents upon the  facts stated therein.(4) The Director must notify the company or person made the subject of  any examination hereunder of the  contents of the verified examination report before filing it and making the  report public of any matters relating thereto, and must afford the  company or person an opportunity to demand a hearing with reference to  the facts and other evidence therein contained.The company or person may request a hearing within 10 days after  receipt of the examination report by giving the Director written notice  of that request, together with a statement of its objections. The  Director must then conduct a hearing in accordance with Sections 402 and  403. He must issue a written order based upon the examination report and  upon the hearing within 90 days after the report is filed or within 90  days after the hearing.If the examination reveals that the company is operating in violation  of any law, regulation, or prior order, the Director in the written  order may require the company or person to take any action he considers  necessary or appropriate in accordance with the report of examination  or any hearing thereon. The order is subject to judicial review under  the Administrative Review Law.  The Director may withhold any report from public  inspection for such time as he may deem proper and may, after filing the  same, publish any part or all of the report as he considers to be in the  interest of the public, in one or more newspapers in this State, without  expense to the company.(5) Any company which or person who violates or aids and abets any  violation of a written order issued under this Section shall be guilty  of a business offense and may be fined not more than $5,000. The penalty  shall be paid into the General Revenue fund of the State of Illinois.    (Source: P.A. 87-108.)