reglab/housing_qa huggingface dataset:
215 ILCS 5/71
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 683)(Section scheduled to be repealed on January 1, 2027)Sec. 71.     Approval of  documents.     The documents and papers so delivered to the Director may be approved or  disapproved by the Director, and the attorney-in-fact is entitled to a  hearing, in the same manner as provided in Section 18 in the case of  documents delivered for approval in connection with the organization of  stock companies. If the documents and papers so delivered are approved by  the Director he must file in his office the power of attorney, forms of  policies and applications, bonds or securities and one of the duplicate  originals of the declaration of organization, and endorse upon the other  duplicate original his approval and the month, day and year of approval and  deliver it to the attorney-in-fact. Upon the date of approval of the  declaration of organization by the Director, the reciprocal is deemed to be  organized.    (Source: P.A. 77-747.)
215 ILCS 5/72
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 684)(Section scheduled to be repealed on January 1, 2027)Sec. 72.     Authority  to solicit subscriptions to surplus.     Upon the approval of the declaration of organization by the Director, he  shall issue to the attorney-in-fact a permit, which shall expire at the end  of two years from its date, authorizing him to solicit subscriptions to  surplus in accordance with this Code 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.    (Source: Laws 1951, p. 1565.)
215 ILCS 5/73
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 685)(Section scheduled to be repealed on January 1, 2027)Sec. 73.     Issuance of  certificate of authority.     When the Director has been notified that the required surplus has been  fully collected, he shall conduct an examination of the reciprocal. If he  finds that the organization is complete, that all of the requirements of  this Code have been met, that the required surplus has been fully  collected, and that the deposits provided for by Section 74 have been  met, he shall issue to the attorney-in-fact a certificate of authority to  transact the kind or kinds of business specified therein. No  attorney-in-fact shall transact any business of insurance until he or it  has received a certificate of authority as herein prescribed nor any  business of insurance not specified in such certificate of authority.    (Source: Laws 1951, p. 1565.)
215 ILCS 5/74
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 686)(Section scheduled to be repealed on January 1, 2027)Sec. 74.     Deposit.     A domestic reciprocal subject to the  provisions of this Article shall make and maintain with the Director, for  the protection of all creditors, policyholders and policy obligations of  the reciprocal, a deposit of securities that are  authorized investments under Section 126.11A(1), 126.11A(2), 126.24A(1), or  126.24A(2), having a fair market value equal to the surplus required to be  maintained under Section 66.  The Director may release the required deposit of securities  upon receipt of  an order of a court having proper jurisdiction or  upon: (i)  certification by the reciprocal company that it has no outstanding creditors,  policyholders, or policy obligations in effect and no plans to engage in the  business of insurance; (ii) receipt of a lawful resolution of the  governing body of the reciprocal's attorney-in-fact effecting the surrender of  its certificate of authority and declaration of organization for  administrative dissolution by the Director; and (iii) receipt of the name and  forwarding address for each of the final officers and directors of the  reciprocal's attorney-in-fact,  together with a plan of dissolution approved by the Director.    (Source: P.A. 92-75, eff. 7-12-01.)
215 ILCS 5/75
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 687)(Section scheduled to be repealed on January 1, 2027)Sec. 75.     Contingent  liability policy provisions.(1) Except as provided in subsection (2) any contract of insurance  exchanged under this Article shall provide for a cash deposit and a  contingent several liability of the subscriber in an amount not less than  one nor more than 10 times the amount of the cash deposit stated in the  contract.(2) In cases where contingent liability of subscribers is provided for,  the provision therefor must be plainly stated in each policy with  prominence equal to the indemnifying clause. In addition, each assessable  policy, other than an accident and health policy, issued or delivered in  this State after September 1, 1967 must have the following statement  printed in bold face type on the face of the policy: "This is an assessable  policy". If a reciprocal has a surplus equal to the minimum capital and  surplus required in Section 13 for a stock company transacting the same  kind or kinds of business, such reciprocal may issue policies without  contingent liability. Any such reciprocal which has issued policies without  contingent liability after the acquisition of such surplus may continue to  do so as long as it maintains a surplus equal to the capital and minimum  surplus of a stock company doing the same kind or kinds of business, but no  reciprocal may issue such policies except during such time as it continues  to have such a surplus, provided, however, that any reciprocal which is,  immediately prior to July 1, 1965, issuing policies without contingent  liability, may continue to do so as long as it maintains a surplus equal in  amount to that which would have been required immediately prior to July 1,  1965. Any reciprocal with a surplus equal to the minimum capital and  surplus required in Section 13 for a stock company transacting the same  kind or kinds of business may issue policies without the limitations  contained in subsection (1). After July 18, 1967, no company subject to  this Article may make, levy or impose upon its subscribers any assessment  based on their contingent liability unless ordered by the Director pursuant  to Section 83 of this Code.    (Source: P.A. 83-333.)
215 ILCS 5/76
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 688)(Section scheduled to be repealed on January 1, 2027)Sec. 76.     Guaranty  fund or guaranty capital.     Any domestic reciprocal may provide for a surplus by accumulating a  guaranty fund or guaranty capital in the same manner and upon the same  terms and conditions as is provided in Section 56 for mutual companies.    (Source: Laws 1937, p. 696.)
215 ILCS 5/77
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 689)(Section scheduled to be repealed on January 1, 2027)Sec. 77.     Director as attorney - Service of process.(1) The attorney-in-fact of every reciprocal transacting business in  this State shall file with the Director a duly executed instrument whereby  the attorney-in-fact shall appoint and constitute the Director and his  successor or successors in office, the true and lawful attorney of such  reciprocal upon whom all lawful process in any action or legal proceeding  against such reciprocal may be served and shall agree that any lawful  process against such reciprocal which may be served upon said attorney  shall be of the same force and validity as if served upon the  attorney-in-fact and that the authority thereof shall continue in force  irrevocably so long as any liability of the reciprocal in the State shall  remain outstanding.(2) Any reciprocal transacting business in this State may sue or be sued  in the name or designation under which its contracts are authorized to be  exchanged. Any such suit may be brought in the county in which the cause of  action arises or in which the claimant resides, or in the county in which  the attorney-in-fact has his principal office. Service may be had upon such  reciprocal by service upon the last appointed attorney-in-fact or by  service upon the Director. Service of process on an individual subscriber  shall not constitute service upon the reciprocal. When such process is  served upon the Director, duplicate copies of such process shall be  delivered to him and he shall immediately forward one copy of such process  to the last appointed attorney-in-fact, by certified or registered mail, postage  prepaid, giving the date and hour of such service.    (Source: P.A. 83-598.)
215 ILCS 5/78
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 690)(Section scheduled to be repealed on January 1, 2027)Sec. 78.     Governmental subscribers  accounts; dividends; other returns.(a) The attorney-in-fact of a governmental reciprocal, in addition to  the books of account of the  reciprocal, shall keep and maintain from and after the effective date of  this amendatory Act of 1993, a separate account for each  individual subscriber, setting forth  therein the date or periods of the subscriber's participation in the  reciprocal, the subscriber's deposits, the  savings returned to  the subscriber and such other information as  may be necessary for the  determination of the subscriber's proportionate share, if any, of the  surplus funds of the reciprocal in case of liquidation. The  attorney-in-fact shall not be required to file a list of the subscribers  with the Department.(b) The board of directors of the attorney-in-fact of any governmental  reciprocal may in its discretion and subject to the prior approval of the  advisory  committee of the governmental reciprocal and the Director of Insurance:(1) declare dividends to its subscribers in the same     manner and upon and subject to the same terms and conditions as are provided in Section 54 for mutual companies, except that the reference to "articles of incorporation" in Section 54 shall mean the declaration of organization or the power of attorney or other authority of the attorney-in-fact under which contracts of insurance are to be exchanged pursuant to this article as applied to governmental reciprocals; and(2) return guaranty fund or guaranty capital     contributions in the same manner and upon and subject to the same terms and conditions as are provided in Section 56 for mutual companies and upon compliance with the provisions of the agreement to subscribe (the agreement to make the contributions), if any.No payment or return of surplus (other than return of guaranty fund or  of guaranty capital) shall be made except in accordance with this Section and  sound business judgment.    (Source: P.A. 90-817, eff. 3-23-99.)
215 ILCS 5/79
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 691)(Section scheduled to be repealed on January 1, 2027)Sec. 79.     Reserves.         All reciprocals subject to this Article shall maintain reserves  calculated in the same manner and upon the same basis as stock and mutual  companies doing the same kind or kinds of business are required to  maintain.    (Source: Laws 1937, p. 696.)
215 ILCS 5/80
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 692)(Section scheduled to be repealed on January 1, 2027)Sec. 80. Amendments  to power of attorney and other documents.(1) The attorney-in-fact of any reciprocal subject to the provisions of  this article may amend the declaration of organization or power of attorney  in any respect not in violation of law, but may not amend such documents to  insert any provision prohibited, or to delete any provision required, in  original declarations of organization or powers of attorney of a similar  domestic reciprocal organized under this Code.(2) Amendments of the declarations of organization or powers of  attorney, shall be made in the following manner:(a) Amendment of declaration of organization. The     attorney-in-fact shall sign and acknowledge, before an officer authorized to take acknowledgments, an amendment to the declaration of organization, in duplicate. When the attorney-in-fact is a corporation, such amendment shall be acknowledged by an officer thereof. The attorney-in-fact shall deliver such duplicate originals of the amendment to the Director. Such amendment may be approved or disapproved by the Director in the same manner as the original declaration of organization. If approved, the Director shall place on file in his office one of the duplicate originals of the amendment and shall endorse upon the other duplicate original his approval thereof and the month, day and year of such approval, and deliver it to the attorney-in-fact. The amendment shall be effective as of the date of the approval thereof by the Director.(b) Amendment of power of attorney. The     attorney-in-fact shall deliver to the Director a copy of any form of power of attorney under or by virtue of which it is proposed that insurance is to be effected or exchanged, which varies from the form of any power of attorney previously filed with the Director by such attorney-in-fact, before the same shall be used by any reciprocal. Such power of attorney may be approved or disapproved by the Director in the same manner as the original power of attorney. If approved, the Director shall place on file in his office a duplicate original of the power of attorney and shall endorse upon the other duplicate original his approval thereof and the month, day and year of such approval, and deliver it to the attorney-in-fact. The amendment shall be effective as of the date of approval thereof by the Director. (Source: P.A. 96-328, eff. 8-11-09.)
215 ILCS 5/81
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 693)(Section scheduled to be repealed on January 1, 2027)Sec. 81.     Governmental agencies and corporations may be subscribers.         Any government or governmental agency, state or political subdivision  thereof, public or private corporation, board, association, estate, trustee  or fiduciary in this State, or elsewhere, may make application, enter into  agreements for, and hold policies or contracts in or with, and be a  subscriber of any reciprocal subject to the provisions of this Article. Any  officer, representative, trustee, receiver, or legal representative of any  such subscriber shall be recognized as acting for or on its behalf for the  purpose of such contract but shall not be personally liable upon such  contract by reason of acting in such representative capacity.    (Source: Laws 1937, p. 696.)
215 ILCS 5/82
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 694)(Section scheduled to be repealed on January 1, 2027)Sec. 82.     Reinsurance.         Any domestic reciprocal may enter into reinsurance contracts subject to  the provisions of Article XI.    (Source: Laws 1937, p. 696.)
215 ILCS 5/83
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 695)(Section scheduled to be repealed on January 1, 2027)Sec. 83.     Procedure  when insufficient assets are possessed by reciprocal.(1) Whenever the Director finds that the admitted assets in excess of  all liabilities of a reciprocal are less than the amount required by  subsection (2) of Section 66, the Director shall proceed in the manner  set forth as provided in Section 60 applicable to mutual companies and  the reciprocal, its attorney-in-fact or any officers thereof, shall be  subject to the same requirements and penalties in such Section provided.  Nothing contained in this paragraph shall be construed to limit or restrict  the authority of any liquidator, conservator or rehabilitator acting under  the provisions of Article XIII or XIII 1/2 of this Act.(2) The attorney-in-fact of any such reciprocal may repair such  deficiency within the period designated by the Director, by advancing the  amount or any part thereof, at an interest rate not exceeding 7% per annum.  The funds so advanced shall not be treated as a liability of such  reciprocal and such advance including interest thereon shall be repaid only  out of the surplus funds of the reciprocal in excess of the amount required  by Section 66.    (Source: Laws 1965, p. 2630.)
215 ILCS 5/84
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

 (from Ch. 73, par. 696)(Section scheduled to be repealed on January 1, 2027)Sec. 84.     Penalties.         No person shall act as attorney-in-fact for a reciprocal except in  accordance with the provisions of this Article and any person, who violates  any of the provisions of this Section or who knowingly participates in or  abets such violation shall be guilty of a business offense and shall be  required to pay a penalty of not more than one thousand dollars, 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.    (Source: P.A. 77-2699.)
215 ILCS 5/85
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IV - Reciprocals

(215 ILCS 5/85) (from Ch. 73, par. 697)(Section scheduled to be repealed on January 1, 2027)Sec. 85.     Application  of other Code provisions.     Unless otherwise provided in this Article every reciprocal shall be  subject to other applicable provisions of this Code.    (Source: Laws 1937, p. 696.)
215 ILCS 5/Art. V heading
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article V - Lloyds

 ARTICLE V.      LLOYDS (Article scheduled to be repealed on January 1, 2027)
215 ILCS 5/86
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article V - Lloyds

 (from Ch. 73, par. 698)(Section scheduled to be repealed on January 1, 2027)Sec. 86. Scope of Article.(1) This Article applies to all groups including  incorporated and  individual unincorporated underwriters transacting an insurance business in  this State through an  attorney-in-fact under the name Lloyds or under a Lloyds plan of operation.   Groups that meet the requirements of subsection (3) are referred to  in this Code as "Lloyds", and incorporated and individual unincorporated  underwriters are referred to as "underwriters".(2) As used in this Code:"Domestic Lloyds" means a Lloyds having its  home office in this State."Foreign Lloyds" means a Lloyds having its home  office in any state of the United States other than this State."Alien  Lloyds" means a Lloyds having its home office or principal place of  business in any country other than the United States.(3) A domestic Lloyds must: (i) be established pursuant to a statute or  written charter; (ii) provide for governance by a board of directors or similar  body; and (iii) establish and monitor standards of solvency of its  underwriters.  A foreign or alien Lloyds must be subject to requirements of its  state or country of domicile.  Those requirements must be substantially similar  to those required  of domestic Lloyds.  Domestic, foreign, and alien Lloyds shall  not be  subject to Section 144 of this Code.(4) All foreign and alien  entities and individuals transacting an insurance business as domestic,  foreign, or alien  Lloyds shall notify the Director and the Secretary of State under the  provisions of this Article, shall be  regulated exclusively by the Director, and shall not be required to obtain a  certificate of authority from the Secretary of State pursuant to any other law  of this State so long as they solely transact business as a domestic, foreign,  or alien Lloyds.  Upon notification, the Secretary of State may require  submission of additional information to determine whether a foreign or alien  individual or entity is transacting business solely as a domestic, foreign, or  alien Lloyds.  (Source: P.A. 100-863, eff. 8-14-18.)
215 ILCS 5/87
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article V - Lloyds

 (from Ch. 73, par. 699)(Section scheduled to be repealed on January 1, 2027)Sec. 87.     Certificate  of authority.     It shall be unlawful for any domestic, foreign or alien Lloyds to  transact business in this State unless it has first obtained and has in  force a certificate of authority issued by the Director. All certificates  of authority issued under the provisions of this Article shall terminate on  the thirtieth day of June next following the date of issuance and may be  renewed upon compliance with this Code.    (Source: Laws 1937, p. 696.)
215 ILCS 5/88
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article V - Lloyds

 (from Ch. 73, par. 700)(Section scheduled to be repealed on January 1, 2027)Sec. 88.     Name.         The name of any Lloyds authorized to transact business 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 5/89
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article V - Lloyds

 (from Ch. 73, par. 701)(Section scheduled to be repealed on January 1, 2027)Sec. 89.     Principal  office of attorney-in-fact.     The principal office of the attorney-in-fact of a domestic Lloyds shall  be maintained in this State.    (Source: Laws 1937, p. 696.)
215 ILCS 5/90
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article V - Lloyds

 (from Ch. 73, par. 702)(Section scheduled to be repealed on January 1, 2027)Sec. 90.     Kinds of  business permitted.     Except as otherwise provided in this Article, a Lloyds may be authorized  to transact any or all of the kind or kinds of business enumerated in  Classes 2 and 3 of Section 4.    (Source: Laws 1937, p. 696.)
215 ILCS 5/91
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article V - Lloyds

 (from Ch. 73, par. 703)(Section scheduled to be repealed on January 1, 2027)Sec. 91.     Declaration of domestic Lloyds.     The attorney-in-fact for underwriters who desire to form a domestic  Lloyds under this Article shall sign and acknowledge before an officer  authorized to take acknowledgments, a declaration in duplicate. When the  attorney-in-fact is a corporation the declaration shall be acknowledged  by an officer of such corporation. The declaration shall set forth(a) the name of the attorney-in-fact, and the name or     designation under which contracts are to be effected;(b) the location of the office of the     attorney-in-fact;(c) the names and addresses, including streets and     numbers, if any, of the underwriters;(d) the class or classes of insurance which such     Lloyds proposes to transact and the kinds of insurance in each class which it proposes to write;(e) such other provisions not inconsistent with law     which may be deemed by the attorney-in-fact or the underwriters to be necessary or advisable.   (Source: P.A. 88-535.)