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Illinois Statutes Chapter 215. Insurance § 5/123C-26. Dividends

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§ 123C-26. Dividends.

A. A captive insurance company shall notify the Director in writing when issuing policyholder dividends.

B. A captive insurance company, with the Director's approval, may issue dividends or distributions to the holders of an equity interest in the captive insurance company. The Director shall adopt rules to implement this subsection B.

Cite this article: - Illinois Statutes Chapter 215. Insurance § 5/123C-26. Dividends - last updated January 01, 2019 |

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