Illinois Statutes Chapter 205. Financial Regulation § 657/50. Permissible investments

(1) Cash on hand or on deposit in the name of the licensee.

(2) Certificates of deposit of a bank, savings and loan association, or credit union.

(3) Bills of exchange or time drafts that are drawn on and accepted by a bank, otherwise known as banker's acceptances, and that are eligible for purchase by member banks of the Federal Reserve System.

(4) Commercial paper bearing a rating of one of the 3 highest grades as defined by a nationally recognized organization that rates these securities.

(5) Securities, obligations, or other instruments, whose payment is guaranteed by the general taxing authority of the issuer, of the United States or any state or of any other governmental entity or political subdivision or instrumentality of a governmental entity that bear a rating of one of the 3 highest grades by Moody's Investor's Service, Inc. or Standard and Poor's Corporation.

(6) Bonds or other obligations of a corporation organized in a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or the several territories organized by Congress that bear a rating of one of the 3 highest grades by Moody's Investor's Service, Inc. or Standard and Poor's Corporation.

(7) Investment securities that are obligations of the United States or its agencies or instrumentalities or obligations that are guaranteed fully as to principal and interest by the United States.

(8) Receivables that are due a licensee from its authorized sellers pursuant to contract described in Section 75 that are not past due or doubtful of collection.