Illinois Statutes Chapter 215. Insurance § 5/445a. Domestic surplus line insurer

(a) A domestic insurer possessing policyholder surplus of at least $15, 000,000 may pursuant to a resolution by its board of directors, and with the written approval of the Director, be designated as a “domestic surplus line insurer”.

(b) A domestic surplus line insurer may insure in this State an Illinois risk only if procured from a surplus line producer pursuant to Section 445 of this Code.

(c) A domestic surplus line insurer must agree not to issue a policy designed to satisfy the financial responsibility requirements of the Illinois Vehicle Code,  1 the Workers' Compensation Act,  2 or the Workers' Occupational Diseases Act. 3 A domestic surplus line insurer is not subject to the provisions of Articles XXXIII, XXXIII 1/2, XXXIV, XXXVIIIA,  4 Section 468, or Section 478.1 of this Code.

(d) For the purposes of the federal Nonadmitted and Reinsurance Reform Act of 2010 (15 USC 8201 et seq.), a domestic surplus line insurer shall be considered a nonadmitted insurer, as the term is defined in the Act, with respect to risks insured in this State.