The Director may adopt rules establishing standards to ensure that an affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the captive insurance company.
215 ILCS 5/123C-24
Standards for risk management of controlled unaffiliated business
P.A. 100-1118, eff. 11-27-18.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.