reglab/housing_qa huggingface dataset:
215 ILCS 5/2
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article I - Short Title, Definitions And Classifications

 (from Ch. 73, par. 614)Sec. 2.         General  definitions.In this Code, unless the context otherwise requires,(a) "Director" means the Director of Insurance.(b) "Department" means the Department of Insurance.(c) "State" or "State of the United States" includes the District of  Columbia and a territory or possession of the United States.(d) "Country" or "Foreign Country" includes a state, province or  political subdivision thereof.(e) "Company" means an insurance or surety company and shall be deemed  to include a corporation, company, partnership, association, society,  order, individual or aggregation of individuals engaging in or proposing or  attempting to engage in any kind of insurance or surety business, including  the exchanging of reciprocal or inter-insurance contracts between  individuals, partnerships and corporations.(f) "Domestic Company" means a company incorporated or organized under  the laws of this State.(g) "Foreign Company" means a company incorporated or organized under  the laws of any state of the United States other than this State.(h) "Alien Company" means a company incorporated or organized under the  laws of any country other than the United States.(i) "Mutual Legal Reserve Life Company" means a mutual life company  issuing contracts without contingent liability on the policyholder.(j) "Assessment Legal Reserve Life Company" means a life company issuing  contracts providing for contingent liability on the policyholder.(k) "Reciprocal" includes Inter-Insurance Exchange.(l) "Person" includes an individual, aggregation of individuals,  corporation, association and partnership.(m) Personal pronouns include all genders, the singular includes the  plural and the plural includes the singular.(n) "Policy" means an insurance policy or contract and includes  certificates of fraternal benefit societies, assessment companies, mutual  benefit associations, and burial societies.(o) "Policyholder" means a holder of an insurance policy or contract and  includes holders of certificates of fraternal benefit societies, assessment  companies, mutual benefit associations, and burial societies.(p) "Articles of Incorporation" means the basic instrument of an  incorporated company and all amendments thereto and includes "Charter,"  "Articles of Organization," "Articles of Reorganization," "Articles of  Association," and "Deed of Settlement."(q) "Officer" when used to refer to an officer of a company includes an  attorney-in-fact for a reciprocal or Lloyds.    (Source: Laws 1937, p. 696.)
215 ILCS 5/2.1
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article I - Short Title, Definitions And Classifications

 (from Ch. 73, par. 614.1)Sec. 2.1.         Public  Policy.It is declared to be the public policy of this State, pursuant to  paragraphs (h) and (i) of Section 6 of Article VII of the Illinois  Constitution of 1970, that any power or function set forth in this Act to  be exercised by the State is an exclusive State power or function. Such  power or function shall not be exercised concurrently, either directly or  indirectly, by any unit of local government, including home rule units,  except as otherwise provided in this Act. Provided further that the fees,  charges and taxes provided for by this Act shall, as provided for in  Section 415 of this Act, be in lieu of all license fees or privilege or  occupation taxes or other fees levied or assessed by any home rule unit and  said Section 415 of this Act is declared to be a denial and limitation of  the powers of home rule units pursuant to paragraph (g) of Section 6 of  Article VII of the Illinois Constitution of 1970.    (Source: P.A. 78-1224.)
215 ILCS 5/2.5
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article I - Short Title, Definitions And Classifications

Sec. 2.5.     Exemption.     This Code shall not be construed to apply to the  administration of the Drycleaner Environmental Response Trust Fund under the  Drycleaner Environmental Response Trust Fund Act.    (Source: P.A. 90-502, eff. 8-19-97.)
215 ILCS 5/3.1
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article I - Short Title, Definitions And Classifications

 (from Ch. 73, par. 615.1)Sec. 3.1.     Definitions of admitted assets.     "Admitted Assets" includes the  investments authorized or permitted by this Code, the credit for reinsurance  allowed by this Code, and in addition thereto, only the following:(1) Amounts, other than premium, receivable from affiliates,  not outstanding for more than 3 months, and arising under,  management contracts or  service agreements which meet the requirements of Section 141.1 of the  Illinois Insurance Code to the extent that the affiliate has liquid assets  sufficient to pay the balance.  The amount of those  receivables included in admitted assets may not exceed the  lesser of 5% of the company's admitted assets or 10% of the company's surplus  as regards policyholders.  For purposes of this  subsection, "affiliate" has the meaning given that term in Article VIII 1/2 of  the Illinois Insurance Code.(2) Amounts permitted under Section 136.    (Source: P.A. 90-418, eff. 8-15-97; 91-549, eff. 8-14-99.)
215 ILCS 5/5
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article I - Short Title, Definitions And Classifications

 (from Ch. 73, par. 617)Sec. 5.         Classes of  companies.(1) All Companies now or hereafter authorized to transact business in  this State shall be classified according to their functions into one or  more of the classes of insurance enumerated in section 4.(2) No company shall be authorized to transact any kind or kinds of  business other than those enumerated in its respective class, or classes,  except as otherwise specifically provided in this Code, but any company,  upon complying with all applicable provisions of this Code, may be  authorized to transact all or any part of its business on the basis of  reinsurance, except that no certificate of authority shall be limited in  whole or in part to reinsurance unless the restriction as to such  reinsurance is expressed in the articles of incorporation of said company.    (Source: Laws 1959, p. 638.)
215 ILCS 5/Art. II heading
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 ARTICLE II.      DOMESTIC STOCK COMPANIES (Article scheduled to be repealed on January 1, 2027)
215 ILCS 5/6
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 618)(Section scheduled to be repealed on January 1, 2027)Sec. 6.     Scope of  Article.     This Article shall apply to all domestic stock companies transacting or  being organized to transact any of the kinds of insurance business  enumerated in Section 4.    (Source: Laws 1937, p. 696.)
215 ILCS 5/7
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 619)(Section scheduled to be repealed on January 1, 2027)Sec. 7.     Name.         The corporate name of any company organized under this Article shall not  be the same as, or deceptively similar to, the name of any domestic  company, or of any foreign or alien company authorized to transact business  in this State.    (Source: Laws 1937, p. 696.)
215 ILCS 5/8
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 620)(Section scheduled to be repealed on January 1, 2027)Sec. 8.     Principal  office and place of business.   The principal office of any company  organized under this Article shall be located in this State.  Unless the Director has approved otherwise, the principal place of business  of any company organized under this Article shall be located in this State.    (Source: P.A. 82-498.)
215 ILCS 5/9
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 621)(Section scheduled to be repealed on January 1, 2027)Sec. 9.     Authorized kinds of business.(1) Companies may be organized under this Article either for the purpose  of transacting any of the kind or kinds of business enumerated in Class 1  of Section 4, or for the purpose of transacting any of the kind or kinds of  business enumerated in Classes 2 and 3 of that Section, except that those  companies offering mortgage pool or mortgage guaranty insurance may provide  no other types of insurance.(2) A domestic company may, notwithstanding limitations otherwise  applicable, and provided it maintains books and records which account for  such business, engage directly in any of the following businesses: (a)  rendering investment advice; (b) rendering services related to the  functions involved in the operation of its insurance business including,  but not limited to, actuarial, loss prevention, safety engineering, data  processing, accounting, claims, appraisal and collection services; (c)  acting as administrative agent for a government instrumentality which is  performing an insurance function for a health or welfare program; (d)  reinsuring the business of title insurance companies, provided such  domestic company if organized as a stock company shall have capital and  surplus of not less than $5,000,000 and if organized as a domestic  mutual or reciprocal company have surplus of not less than $5,000,000; (e) any  other business activity reasonably complementary or supplementary to its  insurance business; either to the extent necessarily or properly incidental  to the insurance business the company is authorized to do in this State or  to the extent approved by the Director and subject to any limitations he  may prescribe for the protection of the interests of the policyholders of  the company taking into account the effect of such business on the  company's existing insurance business and its surplus, the proposed  allocation of the estimated cost of such business and the risks inherent in  such business as well as the relative advantages to the company and its  policyholders of conducting such business directly instead of through a  subsidiary.    (Source: P.A. 86-1156.)
215 ILCS 5/11
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 623)(Section scheduled to be repealed on January 1, 2027)Sec. 11.     Executive  committee.     If the by-laws of any company subject to the provisions of this article,  so provide, the board of directors, by a resolution adopted by a majority  of the whole board, may designate three or more directors to constitute an  executive committee, which committee, to the extent provided in the  resolution or in the by-laws, shall have and exercise, during the interim  between the meetings of the board, all of the authority of the board in the  management of the company, but the designation of such committee shall not  relieve the board nor any member thereof of any responsibility imposed by  law.    (Source: Laws 1937, p. 696.)
215 ILCS 5/12
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 624)(Section scheduled to be repealed on January 1, 2027)Sec. 12.     By-laws.(1) The incorporators shall adopt by-laws for the company and such  by-laws may not be altered, amended, or repealed, prior to the issuance of  a certificate of authority to the company, except by written consent of  subscribers representing at least two-thirds of the shares subscribed, and  the approval of the Director.(2) After a certificate of authority is issued to a company, the power  to make, alter, amend or repeal by-laws shall be vested in the board of  directors unless reserved to the shareholders by the articles of  incorporation.    (Source: Laws 1937, 696.)
215 ILCS 5/14
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 626)(Section scheduled to be repealed on January 1, 2027)Sec. 14.     Incorporators.     Any one or more natural persons, at least one of  whom is a resident of this State, who desire to form a company under this  Article shall sign and acknowledge before an officer authorized to take acknowledgments,  articles of incorporation in duplicate.    (Source: P.A. 84-502.)
215 ILCS 5/14.1
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 626.1)(Section scheduled to be repealed on January 1, 2027)Sec. 14.1.     Articles of incorporation.     The articles shall set forth:(a) the corporate name;(b) the location of its principal office;(c) the period of duration, which may be perpetual;(d) the class or classes of insurance business as     provided in Section 4, in which it proposes to engage and the kinds of insurance in each class it proposes to write;(e) the number of its directors, or that the number     of directors shall be not less than the minimum nor more than the maximum stated in Section 10, the terms of office; and the manner of electing the directors;(f) the amount of its authorized capital, the number     of authorized common and non-voting preferred shares, the par value of each share, and the number of the common and non-voting preferred shares to be issued and sold in accordance with this Article to provide at least the minimum paid-up capital and paid-in surplus as set forth in Section 13 of this Article;(g) the terms and conditions on which preferred     shares may be converted to common shares, if any shares are issued with the right of conversion;(h) such other provisions not inconsistent with law     as may be deemed by the incorporators to be necessary or advisable.   (Source: P.A. 90-381, eff. 8-14-97.)
215 ILCS 5/15
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 627)(Section scheduled to be repealed on January 1, 2027)Sec. 15. Documents to be delivered to Director by incorporators.    Upon the execution of the articles of incorporation, there shall be  delivered to the Director:(a) duplicate originals of the articles of     incorporation;(b) a copy of the by-laws adopted by the     incorporators;(c) the form of subscription agreement to be used by     the company;(d) 2 organization bonds or the cash or securities     provided for in Section 16; and(e) the form of escrow agreement for the deposit of     cash or securities. (Source: P.A. 100-863, eff. 8-14-18.)
215 ILCS 5/16
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 628)(Section scheduled to be repealed on January 1, 2027)Sec. 16.     Organization bonds.(1) The incorporators except as stated in  subsection (3) of this Section, shall deliver to the Director two bonds in favor  of the State of Illinois, in the penalty of $50,000 each, with  the incorporators as principals and a duly authorized surety company as  surety. One of such bonds shall be for the use and benefit of the State of  Illinois, and shall be conditioned upon the payment of costs incurred by  the State by reason of any legal proceedings for liquidation or dissolution  of such company prior to the issuance to it of a certificate of authority  to do an insurance business. The other bond shall be for the use and  benefit of subscribers, shareholders and creditors, and shall be  conditioned upon the full and complete accounting for all funds and  property coming into the possession of the incorporators or into the  possession of the company prior to the issuance to it of a certificate of  authority to do an insurance business.(2) In lieu of delivering the above bonds, the incorporators may deposit  with the Director $100,000 in cash or securities of the  United States Government or of the State of Illinois, having a market value  of at least $100,000. The cash or securities so deposited  shall be held in trust by the Director, until the issuance of a certificate  of authority to the company, to indemnify the State of Illinois and all  subscribers, shareholders and creditors of the company for the same matters  and things set forth as conditions of the organization bonds mentioned in  subsection (1).(3) No bonds are required if the stock of the company is to be  purchased by a sole shareholder.    (Source: P.A. 84-1431.)
215 ILCS 5/17
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 629)(Section scheduled to be repealed on January 1, 2027)Sec. 17. Publication  of intention.(1) Upon complying with the provisions of Section 15, the  incorporators shall cause to be published in a newspaper of general  circulation in this State, in the county where the principal office of the  company is to be located, once each week for 3 consecutive weeks, a  notice setting forth:(a) their intent to form the company and the proposed     name thereof;(b) the class or classes of insurance business in     which the company proposes to engage; and(c) the address where its principal office shall be     located.(2) Proof of such publication made by a certificate of the publisher or  his agent shall be delivered to the Director.  (Source: P.A. 100-863, eff. 8-14-18.)
215 ILCS 5/18
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 630)(Section scheduled to be repealed on January 1, 2027)Sec. 18.     Approval of  documents.(1) If the Director finds that the documents and papers so delivered  comply with this Code, he must place on file in his office the by-laws,  form of subscription agreement, bonds or securities, and one of the  duplicate originals of the articles of incorporation, and endorse upon the  other duplicate original his approval, and the month, day and year of  approval and deliver it to the incorporators. The company is deemed to be  fully organized on the date of the approval of the articles of  incorporation by the Director, and that date is the date of incorporation  of the company.(2) If the Director finds that any of said documents are insufficient or  do not comply with this Code, he shall notify the incorporators in writing  in what respect said documents are found to be insufficient and if  requested so to do must grant the incorporators a hearing.    (Source: P.A. 77-747.)
215 ILCS 5/19
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 631)(Section scheduled to be repealed on January 1, 2027)Sec. 19.     Recording  articles of incorporation.   The duplicate original of the articles of incorporation returned by the  Director shall be filed for record, within 15 days after it is  delivered to the company, in the office of the recorder of the  county where the principal office of the company is to be located.    (Source: P.A. 83-358.)
215 ILCS 5/20
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 632)(Section scheduled to be repealed on January 1, 2027)Sec. 20.     Authority  to solicit subscriptions.(1) Upon the approval of the articles of incorporation by the Director  and upon compliance with such reasonable regulations relating to the  offering and subscription of or for shares as may be promulgated by the  Director to the end that no inequity, fraud or deceit may be worked or tend  to be worked upon prospective subscribers to or purchasers of such shares,  he shall issue to the company a permit, which shall expire at the end of  two years from its date, authorizing it to solicit subscriptions in  accordance with such regulations, this Code and the form of subscription  agreement filed with him, to receive payment for its shares and to do such  other acts as may be necessary and proper in order to complete its  organization and to entitle it to receive a certificate of authority to  transact an insurance business.(2) No subscription for shares shall be solicited, until such  subscriptions or shares shall have been qualified or registered in  accordance with any law of this State or of the United States requiring  qualification or registration.(3) If the Director finds that any company in process of organization  has failed to comply with, or has violated any provision of the Code, he  may proceed against the company under Article XIII, and may after notice  and hearing, if any provision of the Code or any regulation promulgated  under subsection (1) has been violated, revoke the permit issued to it  under subsection (1).    (Source: Laws 1959, p. 1428.)
215 ILCS 5/21
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 633)(Section scheduled to be repealed on January 1, 2027)Sec. 21. Subscription agreement.(1) The company and each subscriber shall enter into an agreement for  the subscription to the shares of the company and such agreement shall also  constitute an agreement between the several subscribers. It shall state:(a) the price of the shares, terms, time, and medium     of payment therefor;(b) the part of the price that may be used for     commission, promotion, organization, and other expenses;(c) the name of the bank or trust company in this     State in which the funds or securities are to be deposited pending the completion of the organization of the company; and(d) that the total cash or securities received in     payment will be returned to the subscribers who have made such payments in the event the organization of the company is not completed.(2) Subscriptions to shares shall be irrevocable unless subscribers  representing 50% or more of the amount subscribed consent to  the revocation.(3) Any subscription agreement may provide for payment in installments  but in the case of subscriptions prior to the issuance of a certificate of  authority to the company, such installments shall not extend beyond 2   years from the date of the permit of the Director authorizing the  solicitation of subscriptions.  (Source: P.A. 100-863, eff. 8-14-18.)
215 ILCS 5/21.1
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article II - Domestic Stock Companies

 (from Ch. 73, par. 633.1)(Section scheduled to be repealed on January 1, 2027)Sec. 21.1.     Escrow agreement.     The company and the bank or trust  company designated in the subscription agreement shall execute an escrow  agreement. The escrow agreement shall state that the proceeds of all  subscriptions to shares shall be placed in the bank or trust company and  remain until an organization examination has been completed, at which time  the escrow agent is authorized to purchase securities for deposit in the  amount required by Section 26 and forward them to the Director. The escrow  agent is authorized to release the balance of the escrowed funds to the  company only upon notification that a Certificate of Authority or similar  documentation has been issued by the Director.    (Source: P.A. 84-502.)