Before doing business in the State of Illinois, a title insurance company must satisfy the Secretary that it has a minimum capital and surplus of $2,000,000. The Secretary may provide the forms and standards for this purpose by rule.
215 ILCS 155/4.1
Minimum capital and surplus
Known as the Title Insurance Act
The act spans §§ 215-155-1 to 215-155-9 (37 sections).
P.A. 94-893, eff. 6-20-06.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.