Skip to main content
Find a Lawyer

U.S. Federal and State Cases, Codes, and Articles

Select a tab to search United States Cases, Codes, or Articles

Search for cases

Indicates required field

Search by keyword or citation

Indicates required field

Search blogs, article pages, and cases and codes

Indicates required field

Illinois Statutes Chapter 215. Insurance § 120/4. Definition of Admitted Assets

Current as of January 01, 2022 | Updated by FindLaw Staff

§ 4. Definition of Admitted Assets. Admitted assets shall include those investments permitted under Section 12 of this Act and in addition thereto, only the following:

(1) Cash funds held in the company's office and under the company's control.

(2) Interest due and accrued on bonds, certificates of deposit and other investments permitted by this Act that are not in default.

(3) Dividends declared and unpaid on mutual funds, common stock, and preferred stock, permitted by this Act.

(4) Amounts recoverable from solvent insurance companies licensed to do business in this State.

(5) Tax refunds due from the United States or the State of Illinois.

(6) Premiums receivable on policies not over 90 days past due. The due date of the premium shall be considered to be the first day of the coverage period for which the premium is payable.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Illinois Statutes Chapter 215. Insurance § 120/4. Definition of Admitted Assets - last updated January 01, 2022 | https://codes.findlaw.com/il/chapter-215-insurance/il-st-sect-215-120-4.html

Read this complete Illinois Statutes Chapter 215. Insurance § 120/4. Definition of Admitted Assets on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Response sent, thank you

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

    More Options
    Copied to clipboard