Illinois Statutes Chapter 215. Insurance § 5/123C-2. Authority of captives; restrictions

(1) life insurance;

(2) annuities;

(3) accident and health insurance for the company's parent and affiliates, except to insure employee benefits that are subject to the federal Employee Retirement Income Security Act of 1974 or, to the extent the parent company is a college or university, an accident or health plan offered to enrolled students of the college or university;

(4) title insurance;

(5) mortgage guaranty insurance;

(6) financial guaranty insurance;

(7) homeowner's insurance coverage;

(8) personal automobile insurance; or

(9) workers' compensation insurance, except to the extent allowed in subsection A-10.

(1) the parent company or an affiliated certified self-insurer authorized under the Workers' Compensation Act or a similar affiliated entity expressly authorized by analogous laws of another state; or

(2) the parent company or an affiliate that is insured by a workers' compensation insurance policy with a negotiated deductible endorsement.

(1) it first obtains from the Director a certificate of authority authorizing it to do such insurance business in this State; and

(2) it appoints a resident registered agent to accept service of process and to otherwise act on its behalf in this State.