Illinois Code § 123C-23
Illinois Code § 123C-23. Reproduced from the official Illinois Compiled Statutes, with a citation summary, verification link, and related provisions.
§ 123C-23.
Sec. 123C-23. Approval of captive reinsurance pools. Before determining whether to approve a captive insurance company's participation in a captive reinsurance pool under Section 123C-13 of this Code, the Director may: (1) require the captive insurance company provide to the Director evidence that the captive reinsurance pool: (a) is composed only of other captive insurance companies holding a certificate of authority under this Article or a similar law of another jurisdiction; and (b) will be able to meet the pool's financial obligations; and (2) impose any other limitation or requirement on the captive insurance company that is necessary and proper to provide adequate security for the captive insurance company. (Source: P.A. 100-1118, eff. 11-27-18.)
Source: official Illinois text · Last verified 2026-08-27
At a glance
- Citation: Illinois Compiled Statutes § 123C-23
- Jurisdiction: Illinois
- Code: Illinois Compiled Statutes
- Text: transcribed from the official source (verify below)
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