(a) A domestic society may enter into reinsurance transactions only in accordance with Article XI of this Code. (b) A domestic society may reinsure the risks of another society in connection with a merger transaction with approval by the Director.
215 ILCS 5/294.1
Reinsurance
P.A. 98-814, eff. 1-1-15.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.