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Table of Contents

List of Forms by Chapter

Chapter 1 — Types of Insurance Subject to Regulation — Licensing Issues

Chapter 2 — Claims, Underwriting, Investments, and Marketing

Chapter 3 — Financial Condition Examinations

Chapter 4 — Compliance — Privacy, Sarbanes-Oxley, Antifraud

Chapter 5 — Insurer Insolvency and Guaranty Fund Issues

Chapter 6 — Taxation Issues

Chapter 7 — Surplus Lines

Chapter 8 — Risk Retention Groups and Purchasing Groups

Chapter 9 — Regulation of Producers, Agents, and Brokers

Chapter 10 — Reinsurance

I. [10.1] Introduction and Overview

II. Direct Regulation of Reinsurance

[10.2] Domestic Companies

Foreign or Alien Reinsurers

[10.3] Authorized Foreign or Alien Reinsurers

[10.4] Bulk Transfer Restrictions

[10.5] Port of Entry Requirements

[10.6] Unauthorized Foreign or Alien Reinsurers

[10.7] Substitute Service of Process

[10.8] Prejudgment Security

[10.9] Attorneys’ Fees and Interest

III. [10.10] Indirect Regulation of Reinsurance

[10.11] Credit for Reinsurance

[10.12] Licensed Reinsurers

[10.13] Accredited Reinsurers

[10.14] Unlicensed or Unaccredited Reinsurers Maintaining Multiple Beneficiary Trusts

[10.15] Unauthorized Reinsurers Providing Collateral

[10.16] Credit for Funds Withheld

[10.17] Required Terms

[10.18] Insolvency Clause

[10.19] Service of Suit Clause

[10.20] Agreements Must Be Reduced to Writing

[10.21] Life Reinsurance

[10.22] Property/Casualty Reinsurance

IV. [10.23] Reporting/Approval Requirements

[10.24] Cancellation of Certain Agreements

[10.25] Agreements Requiring Approval

[10.26] Health Maintenance Organizations

[10.27] Holding Company

[10.28] Disclosure of Material Transactions

V. Prohibited Reinsurance Transactions

[10.29] Capital and Surplus Restrictions

[10.30] Payment of Undisclosed Fees to Officer or Director

[10.31] Managing General Agents

VI. [10.32] Captive Insurance

VII. [10.33] Insolvency

[10.34] Administrative Supervision

[10.35] Rehabilitation

[10.36] Liquidation

[10.37] Powers and Duties of the Liquidator

[10.38] Insolvency Clause Revisited

[10.39] Cut-Through Provisions

[10.40] Reinsurer’s Interposition Rights

[10.41] Disposition of Security Provided by Insolvent Alien Reinsurer

[10.42] Priority of Reinsurance Claims

[10.43] Setoffs

[10.44] Reinsurer’s Liability for Estimated Claims

[10.45] Guaranty Funds and Associations

[10.46] Illinois Life and Health Guaranty Association

[10.47] Illinois Insurance Guaranty Fund

[10.48] Illinois Health Maintenance Organization Guaranty Association

VIII. [10.49] Reinsurance Intermediaries

[10.50] Intermediary Brokers

[10.51] Intermediary Managers

IX. [10.52] Special Purpose Reinsurance Vehicles

Chapter 11 — Regulatory Modernization — Building a Better Regulatory System for Consumers

Chapter 12 — Illinois Insurance Holding Company Act and Mergers and Acquisitions of Insurers

Authors

Bruce E. Baty
Bruce E. Baty
No bio available.
Corinne P. Carr
Corinne P. Carr
No bio available.
Edward T. Collins
Edward T. Collins
No bio available.
Daniel A. Cotter
Daniel A. Cotter
Daniel A. Cotter is an attorney and counselor with Howard & Howard Attorneys PLLC in Chicago, where he focuses his practice on corporate and business law. Mr. Cotter is a member of the American Bar Association’s House of Delegates, a member and Past President of the Chicago Bar Association, and President Elect of the National Conference of Bar Presidents. He received his B.A. from Monmouth College and his J.D. summa cum laude from the University of Illinois Chicago School of Law. He has also successfully completed the Certified Public Accountant Exam.
Peter J. Eckardt
Peter J. Eckardt
No bio available.
Carl Fasig
Carl Fasig
No bio available.
Bruce W. Foudree
Bruce W. Foudree
No bio available.
Mark R. Goodman
Mark R. Goodman
No bio available.
Jodi M. Hoss
Jodi M. Hoss
No bio available.
Dennis G. LaGory
Dennis G. LaGory
No bio available.
Christopher T. Longeway
Christopher T. Longeway
No bio available.
Patricia A. Ryan
Patricia A. Ryan
No bio available.
Bella Shirin
Bella Shirin
No bio available.
Ken Skiera
Ken Skiera
No bio available.
Scott A. Taber
Scott A. Taber
No bio available.

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Insurance Industry (Illinois): Laws and Regulations (ARCHIVED 2010 EDITION)

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