(a) No managing general agent, as defined in Section 141a, shall receive any compensation or remuneration for, or in any manner profit from, obtaining or arranging reinsurance for a domestic company with respect to business underwritten by that managing general agent. (b) Any person violating the provisions of this Section is guilty of a Class A misdemeanor.
215 ILCS 5/179a
Managing general agent prohibition
P.A. 88-364.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.