50 Ill. Adm. Code 915.20
Purpose and Scope
Section 915
Section 915.20 Purpose and
Scope
The purpose of this Part is to
set forth requirements that the Director deems necessary to carry out the
provisions of Section 155.04 of the Illinois Insurance Code. The information
called for by this Part is hereby declared to be necessary and appropriate in
the public interest and for the protection of policyholders. This Part shall
apply to all domestic, foreign and alien companies licensed to transact an
insurance business in Illinois and to:
a) all persons proposing to form a domestic insurance company
under the laws of the State of Illinois;
b) all persons involved in the control, management or serving as
an executive officer of a foreign or alien insurance company applying for a
Certificate of Authority to do business in the State of Illinois; and
c) all persons upon being newly elected or appointed to be an
executive officer of any domestic, foreign or alien company licensed to
transact an insurance business in this State.